Polygon price

in USD
$0.2602
+$0.0092 (+3.66%)
USD
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Market cap
$2.73B #34
Circulating supply
10.51B / 10.51B
All-time high
$0.7685
24h volume
$125.46M
POLPOL
USDUSD

About Polygon

POL, short for Polygon, is the native cryptocurrency of the Polygon ecosystem, designed to power its cutting-edge blockchain solutions. Polygon focuses on enhancing Ethereum by offering faster, cost-effective, and scalable transactions. POL plays a vital role in securing the network through staking and is used as 'gas' to process transactions across its ecosystem. It also serves as a key utility token for decentralized applications (dApps) and real-world asset tokenization, making it integral for payments, DeFi, and Web3 innovations. With a strong focus on transparency and efficiency, POL is positioned as a foundational asset for a trustless, digital economy, appealing to both individual users and institutional investors.
AI-generated
CertiK
Last audit: 19 Apr 2021, (UTC+8)

Polygon’s price performance

Past year
-30.25%
$0.37
3 months
+39.21%
$0.19
30 days
+5.90%
$0.25
7 days
-2.81%
$0.27

Polygon on socials

Hydration
Hydration
Hydration ranks #4 by TVL among all @aave v3 forks. Let that sink in.
Hydrated Jakub (🐍,🐍)
Hydrated Jakub (🐍,🐍)
Cool to find @hydration_net no.4 of all @aave v3 forks just below 2 @HyperliquidX projects 🙂 but not all forks are equal as only @hydration_net has priority for liquidation txs baked into runtime and block production. Unlike elsewhere user will experience way softer (almost conforming :D) liquidation of smaller part of collateral to get it on HF (health factor) 1.01 instead of maximizing liquidation bonus for liquidator which is basically protocol against both POL (protocol owned) and users liquidity. I just saw (before finishing this post) Aave v4 will apply same mechanism except of runtime execution guarantees. Can't have tighter integration of infra & (d)app. Pretty good stuff and stats before launch of Hollar right? Which is also based on GHO, but it couldn’t be us to not add smth cool and new. That’s why we baked into chain itself not just priority for liquidations but also peg keeping mechanism which you can imagine as arb bot run as duty by all block producers inside the node and chain. Stablecoins are floating all the time, but their arbitrage is trivial and fast so value doesn't need to be just extracted but also accumulated in place where it's created in the first place. Capital used for these operations will be USDT, USDC, SUDS and sUSDe earning yield in the meantime via lending or native value accrual mechanisms. So I believed that it would be interesting enough for Aave leadership as well and we could work together closer and be opposite case in frustrating part of the report from @lemiscate, in Friendly forks failure section. It didn't stuck on our side. I understand, people are busy and GHOsting can happen. We could also do better and no one said we won’t try again :) Not all forks are equal also on social, economical, ecosystem and other levels. Hydration purchased 200k $ of own reserves on AAVE token with same amount pre-approved as 2nd tranche from SUSDS once Hollar will go live and create pairs and liquidity for it and @ethena_labs sUSDe. My personal (not DAO) opinion is that Hydration should align itself with success of AAVE more, acknowledging all the contributions for whole crypto, us and being very rare example of real DAO, unfortunately. Bootstrapping 4.6m$ of AAVE DEX liquidity earning ~45% apr thanks to support of @Polkadot pooled together w tens of m$ of btc&eth&usd is also some positive contribution as well. Stay Hydrated not liquidated
riddler
riddler
Big win for @0xPolygon as Santander rolls out POL trading in Germany. @bancosantander's Openbank now lets German customers trade POL alongside BTC, ETH, LTC, and ADA. Millions will now get easy access with bank-level security (full MiCA investor protections). This step could draw more banks into crypto, speeding up Polygon's role in aggregated blockchains. This is bullish on $POL as institutional backing like this often precedes price surges in altcoins.
Polygon
Polygon
NEW: @bancosantander now offers POL trading in Germany to all Openbank customers, expanding to Spain soon. One of Europe’s largest banks is bringing POL to millions, backed by Santander’s guarantees and full MiCA investor protections. A major step for institutional adoption.
Polkadot
Polkadot
stay hydrated, not liquidated 🫡
Hydrated Jakub (🐍,🐍)
Hydrated Jakub (🐍,🐍)
Cool to find @hydration_net no.4 of all @aave v3 forks just below 2 @HyperliquidX projects 🙂 but not all forks are equal as only @hydration_net has priority for liquidation txs baked into runtime and block production. Unlike elsewhere user will experience way softer (almost conforming :D) liquidation of smaller part of collateral to get it on HF (health factor) 1.01 instead of maximizing liquidation bonus for liquidator which is basically protocol against both POL (protocol owned) and users liquidity. I just saw (before finishing this post) Aave v4 will apply same mechanism except of runtime execution guarantees. Can't have tighter integration of infra & (d)app. Pretty good stuff and stats before launch of Hollar right? Which is also based on GHO, but it couldn’t be us to not add smth cool and new. That’s why we baked into chain itself not just priority for liquidations but also peg keeping mechanism which you can imagine as arb bot run as duty by all block producers inside the node and chain. Stablecoins are floating all the time, but their arbitrage is trivial and fast so value doesn't need to be just extracted but also accumulated in place where it's created in the first place. Capital used for these operations will be USDT, USDC, SUDS and sUSDe earning yield in the meantime via lending or native value accrual mechanisms. So I believed that it would be interesting enough for Aave leadership as well and we could work together closer and be opposite case in frustrating part of the report from @lemiscate, in Friendly forks failure section. It didn't stuck on our side. I understand, people are busy and GHOsting can happen. We could also do better and no one said we won’t try again :) Not all forks are equal also on social, economical, ecosystem and other levels. Hydration purchased 200k $ of own reserves on AAVE token with same amount pre-approved as 2nd tranche from SUSDS once Hollar will go live and create pairs and liquidity for it and @ethena_labs sUSDe. My personal (not DAO) opinion is that Hydration should align itself with success of AAVE more, acknowledging all the contributions for whole crypto, us and being very rare example of real DAO, unfortunately. Bootstrapping 4.6m$ of AAVE DEX liquidity earning ~45% apr thanks to support of @Polkadot pooled together w tens of m$ of btc&eth&usd is also some positive contribution as well. Stay Hydrated not liquidated

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Polygon FAQ

Currently, one Polygon is worth $0.2602. For answers and insight into Polygon's price action, you're in the right place. Explore the latest Polygon charts and trade responsibly with OKX.
Cryptocurrencies, such as Polygon, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Polygon have been created as well.
Check out our Polygon price prediction page to forecast future prices and determine your price targets.

Dive deeper into Polygon

Polygon (formerly Matic Network) is a Layer-2 Ethereum scaling solution that aims to address the scalability issues faced by blockchain networks, particularly Ethereum. It provides a framework for creating interoperable and scalable blockchain applications with lower gas fees and faster speeds. The native token of Polygon is called POL. Polygon uses Plasma technology to process transactions off-chain before finalizing them on the Ethereum network, achieving high transaction throughput. With the Plasma framework, Polygon can theoretically process 60K+ transactions per second on a single sidechain at near-zero fees while maintaining the security and integrity of the main Polygon chain. The network relies on a set of PoS validators to ensure the accuracy and security of off-chain transactions. One of the key features of Polygon is its compatibility with Ethereum, allowing developers to deploy Ethereum-compatible blockchains with ease. It also supports a variety of decentralized finance (DeFi) protocols and enables applications such as blockchain-based games and NFT marketplaces. The POL token is used for participating in network governance, paying transaction fees, distributing staking rewards, and staking collateral to become a validator.

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Market cap
$2.73B #34
Circulating supply
10.51B / 10.51B
All-time high
$0.7685
24h volume
$125.46M
POLPOL
USDUSD
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