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Cryptocurrencies:  5,692Markets:  22,852Market Cap:  $267,763,247,48524h Vol:  $71,288,472,958BTC Dominance:  63.8%
Market Cap:  $267,763,247,48524h Vol:  $71,288,472,958BTC Dominance:  63.8%Cryptocurrencies:  5,692Markets:  22,852

Matic Network (MATIC)

$0.019423 USD (2.37%)
0.00000209 BTC (-0.25%)
0.00008183 ETH (-2.68%)
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  • Market Cap
    $67,878,150 USD
    7,320 BTC
    285,981 ETH
  • Volume (24h)
    $13,376,372 USD
    1,443 BTC
    56,357 ETH
  • Circulating Supply
    3,494,736,882 MATIC
  • Total Supply
    10,000,000,000 MATIC

About Matic Network

What is Matic Network?

Matic Network is a Layer 2 scaling solution backed by Binance and Coinbase that aims to provide a generalized Layer 2 platform, enabling Ethereum developers to scale their DApps for large-scale usage. For the initial phase, Matic has launched its hybrid PoS+Plasma sidechain on top of Ethereum. According to the team, Matic is one of the fastest-growing DApp platforms in the space.

Matic believes the answer to enabling widespread adoption of blockchain technology lies with second-layer solutions focused on scalability. To this end, Matic Network provides massive scaling capabilities whilst leveraging the security and decentralization of the mainchain.

As a general-purpose platform, Matic is capable of housing a limitless array of DApp types on their infrastructure. So far, Matic has attracted more than 50 DApps to its PoS-secured Ethereum sidechain. DApps on Matic encompass a variety of niches ranging from gaming to DeFi, with notable projects including VR metaverse projects Decentraland, Somnium Space, The Sandbox, and Whitelabel betting platform BetProtocol.

Essentially, Matic aims to provide the infrastructure to overcome the traditional performance bottlenecks of the blockchain ecosystem, to allow all types of DApps to be able to handle large volumes of users.

Background and Vision

The Matic team has been contributing to the Ethereum ecosystem long before the formation of Matic Network and their IEO on Binance in April 2019. This includes working on implementations of Plasma MVP, the WalletConnect protocol (which allows users to access DApps in a secure and user-friendly way), and the widely-used Dagger event notification engine.

Matic is passionate about decentralization and better blockchain-based products and is working towards their core goal of facilitating mass adoption of blockchain. They believe that the current decentralized ecosystem lacks usability and convenience - decentralized transactions are slow, expensive, and complex - and therefore the blockchain environment as it stands today is unable to facilitate mainstream-level DApps. Solving this problem is Matic’s mission.

Matic aims to overcome these hurdles by leveraging a combination of blockchain scaling, developer platform and tools, and a keen focus on user experience. Their Layer 2 solution will enable countless DApps around the world to process TPS rates as high as 65,000 per second, per Matic sidechain. By providing this high-performance infrastructure, Matic aims to revolutionize the way a broad range of applications is created, from decentralized finance to gaming, thus shaping the user experience of end-users around the world.

How Does Staking Work on Matic Network?

As a Layer 2 solution utilizing a network of Proof-of-Stake validators for asset security, staking is an integral part of the Matic ecosystem. Essentially, validators will stake their MATIC tokens as collateral to become part of the network’s PoS consensus mechanism and will receive MATIC tokens in return. MATIC holders who wish to stake but do not wish to be a validator, or are not able to be a validator, can delegate their tokens to a validator of their choice and still take part in their staking process and earn staking rewards.

About MATIC Token

MATIC is the utility token used on the Matic Network blockchain. It has a range of purposes, including paying network transaction fees and participating in Matic Network’s Proof-of-Stake consensus mechanism. Due to demand, MATIC has also been integrated into several external platforms as a payment method.

You can purchase MATIC on any exchange which supports the digital currency. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab.

Matic Network Statistics

Matic Network Price$0.019423 USD
Matic Network ROI
329.63%
Market Rank#89
Market Cap$67,878,150 USD
24 Hour Volume$13,376,372 USD
Circulating Supply3,494,736,882 MATIC
Total Supply10,000,000,000 MATIC
Max SupplyNo Data
All Time High
$0.045017 USD
(May 21, 2019)
All Time Low
$0.003012 USD
(May 09, 2019)
52 Week High / Low
$0.043096 USD /
$0.007011 USD
90 Day High / Low
$0.026951 USD /
$0.011360 USD
30 Day High / Low
$0.022993 USD /
$0.018297 USD
7 Day High / Low
$0.019833 USD /
$0.018340 USD
24 Hour High / Low
$0.019551 USD /
$0.018780 USD
Yesterday's High / Low
$0.019615 USD /
$0.018780 USD
Yesterday's Open / Close
$0.019511 USD /
$0.019067 USD
Yesterday's Change$-0.000444 USD (-2.28%)
Yesterday's Volume$13,829,916 USD
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