The Block • Jul 01, 25
Polygon and GSR’s DeFi-focused Katana chain launches on mainnet
Following its private mainnet launch in May, Katana has over $240 million in pre-deposits that is already being used to earn yields.
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Past performance is not a reliable indicator of future results. Learn more about asset risks.
Polygon is on the rise this week. ↗
The price of Polygon has decreased by 0.27% in the last hour and increased by 0.14% in the past 24 hours. Polygon’s price has also risen by 2.34% in the past week. The current price is £0.13 per MATIC with a 24-hour trading volume of £588.75K. Currently, Polygon is valued at 0.06% below its all time high of £0.14. This all-time high was the highest price paid for Polygon since its launch.
The current circulating supply of Polygon is 1,457,609,394.04 MATIC which means that Polygon has as total market cap of £196,038,223.23.
Market cap
£196,038,223.23
Popularity
#9999999
Circulating
£1,457,609,394.04
Max Supply
£10,000,000,000.00
Hold time
Not enough data
Past performance is not a reliable indicator of future results. Learn more about asset risks.
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Volume (24h)
£588,748.00
↗ 43.71%
Volume (30D)
Data unavailable
Volume (7D)
Data unavailable
Past performance is not a reliable indicator of future results. Learn more about asset risks.
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Polygon was formerly called Matic Network. Polygon (MATIC) is an Ethereum token that powers the Polygon Network, a scaling solution for Ethereum. Polygon aims to provide faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain. Users can deposit Ethereum tokens to a Polygon smart contract, interact with them within Polygon, and then later withdraw them back to the Ethereum main chain. The MATIC token is used to pay transaction fees and participate in proof-of-stake consensus.
Polygon launched on Coinbase on March 11, 2021 at 9:05 PM
Networks and tags
Polygon, previously known as Matic Network, is a platform designed to facilitate the development and scaling of Ethereum-based applications. Polygon is a combination of a sidechain and a Layer-2 solution designed to help scale the Ethereum network and improve its functionality. The protocol aims for faster, cheaper Ethereum transactions using sidechains, blockchains that run like speedy HOV lanes alongside the Ethereum main chain. Polygon's core component is the Polygon Software Development Kit (SDK), a flexible framework that supports the creation of multiple types of applications. The platform transforms Ethereum into a multi-chain system, akin to other systems such as Polkadot, Cosmos, and Avalanche, but with the benefits of Ethereum's ecosystem. The native token of Polygon is MATIC, an ERC-20 token used to pay transaction fees and participate in proof-of-stake consensus.
Polygon combines the Plasma Framework and proof-of-stake blockchain architecture to facilitate the use of cryptocurrencies by resolving scalability issues. The Plasma framework, proposed by Ethereum co-founder Vitalik Buterin, allows for the execution of scalable and autonomous smart contracts. Polygon is designed to process a large number of transactions per second on a single side chain, with a block confirmation time of less than two seconds. This framework gives Polygon the potential to house an unlimited number of decentralized applications on its infrastructure without experiencing the drawbacks common to proof-of-work blockchains. In order to engage in Polygon's network, you will need a multi-chain wallet like Coinbase Wallet. Using Coinbase Wallet, you can browse the Polygon Bridge to exchange Ethereum assets and monitor your balances across different networks. Users can deposit Ethereum tokens to a Polygon smart contract, interact with them within Polygon, and then later withdraw them back to the Ethereum main chain.
Polygon is designed to support a variety of use cases. Developers can use Polygon to create optimistic rollup chains, ZK rollup chains, standalone chains, or any other infrastructure required by their applications. This flexibility makes Polygon a suitable platform for a wide range of decentralized applications (DApps), from games to decentralized exchanges. The platform's favourable transaction speed (estimated to be at maximum 65000 transactions per second) and fees (as per Polygon, the average fee is around $0.015) also make it an attractive option for applications that require transactions, such as payment systems or real-time trading platforms.
Polygon was launched in October 2017 by co-founders Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. Before launching its own network in 2019, the Polygon team contributed to the Ethereum ecosystem, working on implementing the Plasma MVP, the WalletConnect protocol, and the widely-used Dagger event notification engine on Ethereum. In July 2023, Jaynti Kanani stepped down as CEO and was replaced by Marc Boiron.
Depending on where you live, you can buy, send, and receive MATIC by creating an account on Coinbase. As MATIC is an ERC-20 token that exists in the same shape and form on both the Ethereum network and Polygons network, it can also be purchased using a variety of decentralized exchanges such as Uniswap and Sushiswap. In addition, you can use the official Polygon Bridge to exchange assets between Ethereum and Polygon.
By staking MATIC, a network of computers validate the network using proof-of-stake consensus (earning MATIC rewards in the process). Some participants can also "delegate" their MATIC to a validator to receive a portion of their rewards. MATIC can be staked using the official Polygon Wallet (note: Polygon staking is currently unavailable via the Coinbase platform).
We update our Polygon to GBP currency in real-time. Get the live price of Polygon on Coinbase.
The current market cap of Polygon is £196.04M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Polygon is £0.14. This all-time high is highest price paid for Polygon since it was launched.
Over the last 24 hours, the trading volume of Polygon is £588.75K.
Assets that have a similar market cap to Polygon include ODEM, Dentacoin, TenX, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Polygon is 1.5 billion.
Polygon ranks 13 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 97% of Coinbase users are buying Polygon. In other words, 97% of Coinbase customers have increased their net position in Polygon over the past 24 hours through trading.
Yes, Polygon is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Polygon guide.
Date | Price | Change |
---|---|---|
Today (July 6, 2025) | £0.13 | +0.14% |
24 hours ago (July 5, 2025) | £0.13 | +0.14% |
1 week ago (June 29, 2025) | £0.13 | +2.34% |
1 month ago (June 6, 2025) | £0.16 | -14.62% |
1 year ago | £0.37 | -61.62% |
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Conversion Table
The Block • Jul 01, 25
Polygon and GSR’s DeFi-focused Katana chain launches on mainnet
Following its private mainnet launch in May, Katana has over $240 million in pre-deposits that is already being used to earn yields.
Read more
BeInCrypto • Jun 30, 25
3 Altcoins to Watch in the First Week of July 2025
As Q3 begins, XRP eyes a breakout with the XRPL EVM Sidechain launch, BNB builds on recent gains ahead of its hardfork, and Polygon prepares for a scalability upgrade. The first week of July could be pivotal for these altcoins.The post 3 Altcoins to Watch in the First Week of July 2025 appeared f...
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BeInCrypto • Jun 26, 25
dYdX Removes Deposit Fees on $100+ Instant Transfers Across Major Chains
dYdX has introduced a new update to simplify and accelerate user onboarding: starting June 24, all Instant Deposits of $100 or more are now fee-free across multiple supported networks. This applies to transfers made via Ethereum, Arbitrum, Optimism, Base, Polygon, and Avalanche. What’s Changing I...
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The Block • Jun 20, 25
Wyoming Stable Token Commission targets Aug. 20 for WYST stablecoin mainnet launch
The group is considering Aptos, Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, Sei, Solana, Stellar, and Sui as possible candidates.
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The Block • Jun 18, 25
Polygon co-founder spins off to launch independent zero-knowledge project ZisK
Polygon co-founder Jordi Baylina announced Zisk as new foundation CEO Sandeep Nailwal pivots resources to Polygon PoS and Agglayer.
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The Defiant • Jun 17, 25
X Suspends Dozens of Memecoin Accounts, Including Pumpfun’s
Over 20 memecoin-related accounts were suspended on X with “no official information,” in what some suspect may be linked to unauthorized API use.
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This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.