#Matic, now known as #Polygon, is a layer 2 scalability solution for Ethereum, designed to improve its scalability and user experience. By utilizing sidechains and other scaling techniques, Polygon aims to address Ethereum's limitations, such as high gas fees and slow transaction speeds. With its focus on interoperability and user-friendly development tools, Polygon has gained significant traction within the blockchain community. Currently, its price in the bear market is $0.71, but it is projected to rise to $5 in a bullish market.