Coinbase
How to Buy Polygon
Good news! You can buy Polygon on Coinbase's centralized exchange. We've included detailed instructions to make it easier for you to buy Polygon.
Read more
About Polygon
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.
Earn $50 when you buy $50 in crypto
4/16/2025, 3:36:40 PM
Market Stats
Market Cap
$315,654,881.36
-1.66%
FDV
$1,817,000,000.00
Circulating Supply
1,737,231,047.672 MATIC
Max Supply
10,000,000,000 MATIC
Total Supply
10,000,000,000 MATIC
Diluted Valuation
$1,813,063,137.00
Performance
Popularity
#9,999,999
Dominance
0.01%
Volume (24H)
$1,009,445.00
-0.41%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$0.18
Overall Price Change (1Y)
-0.73%
Additional info about Polygon
Recent trends
The price of Polygon has increased by 0.28% in the last hour and decreased by 1.28% in the past 24 hours. Polygon’s price has also risen by 5.71% in the past week. The current price is $0.18 per MATIC with a 24-hour trading volume of $1.01M. Currently, Polygon is valued at 0.68% below its all time high of $0.18. This all-time high was the highest price paid for Polygon since its launch. The current circulating supply of Polygon is 1,737,231,047.672 MATIC which means that Polygon has as total market cap of $315,654,881.36.
Market details
MATIC vs markets
↘ 77.02%
MATIC vs BTC
↘ 80.43%
MATIC vs ETH
↘ 49.4%
Tags
0
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x7D1AfA7B718fb893dB30A3aBc0Cfc608AaCfeBB0 | |
Polygon | 0x0000000000000000000000000000000000001010 | |
Solana | C7NNPWuZCNjZBfW5p6JvGsR8pUdsRpEdP1ZAhnoDwj7h | |
BNB Smart Chain | 0xCC42724C6683B7E57334c4E856f4c9965ED682bD |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.18 | ↘ 1.28% |
1 Day | $0.18 | ↘ 1.28% |
1 Week | $0.17 | ↗ 5.71% |
1 Month | $0.21 | ↘ 14.62% |
1 Year | $0.67 | ↘ 72.86% |
FAQ
Polygon, formerly known as Matic Network, is a platform designed to enhance the scalability and usability of Ethereum-based applications. It functions as both a sidechain and a Layer-2 scaling solution, enabling faster and more cost-effective Ethereum transactions by operating alongside the Ethereum main chain. Polygon transforms Ethereum into a multi-chain system, similar to platforms like Polkadot, Cosmos, and Avalanche, while maintaining the benefits of Ethereum’s security and ecosystem. The Polygon Software Development Kit (SDK) serves as the platform’s core component, providing developers with a flexible framework for creating a wide range of decentralized applications. The native token, MATIC, is used to pay transaction fees and participate in the network's proof-of-stake consensus mechanism.
Polygon leverages a combination of the Plasma Framework and a proof-of-stake blockchain architecture to address Ethereum's scalability challenges. The Plasma Framework, co-developed by Ethereum co-founder Vitalik Buterin, enables scalable and autonomous smart contract execution. Polygon’s architecture supports high transaction throughput on its sidechains, achieving block confirmation times of under two seconds. This allows for the deployment of numerous decentralized applications (DApps) without the congestion and high costs associated with proof-of-work blockchains. Users can interact with the Polygon network through multi-chain wallets like Coinbase Wallet, using the Polygon Bridge to transfer Ethereum assets and manage balances across different networks.
Polygon’s flexible infrastructure supports a wide array of use cases in the decentralized ecosystem. Developers can build optimistic rollup chains, ZK rollup chains, standalone chains, or other custom infrastructures tailored to their applications. This versatility makes Polygon an ideal platform for decentralized applications (DApps) such as games, decentralized exchanges, and lending platforms. Its high-speed, low-cost transactions also make it suitable for payment systems, real-time trading platforms, and other applications that require frequent, fast transactions. Polygon’s interoperability with Ethereum enhances its appeal for projects seeking scalability without leaving the Ethereum ecosystem.
We update our Polygon to USD currency in real-time. Get the live price of Polygon on Coinbase.
The current market cap of Polygon is $315.65M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Polygon is $0.18. 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 $1.01M.
Assets that have a similar market cap to Polygon include Mindscraft, BlockChainCoinX, CoinWealth, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Polygon is 1.7 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.
Earn $50 when you buy $50 in crypto
Restrictions apply. Promo code expires May 7th, 2025.
Polygon news
Trending articles
Social stats
Popularity in posts
#39
Contributors
2,781
Posts
4,439
% About Polygon
0.443%
Articles
16
Hold times
0 days
X (Twitter)
61.45% bullish
Sentiment
95 ★
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.
Highlights
2,781 unique individuals are talking about Polygon and it is ranked #39 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Polygon has an average sentiment score of 95 out of 5. Finally, Polygon is becoming less newsworthy, with 16 news articles published about Polygon.
On Twitter, people are mostly bullish about Polygon. There were 63.13% of tweets with bullish sentiment compared to 2.74% of tweets with a bearish sentiment about Polygon. 36.87% of tweets were neutral about Polygon. These sentiments are based on 1840 tweets.
On Reddit, Polygon was mentioned in 952 Reddit posts and there were 2115 comments about Polygon. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
Powered by LunarCrush
Analysis
Bulls say
By market capitalization and users, Polygon is one of the most popular scaling solutions for Ethereum. It caters to diverse use cases and is renowned for its rapid, cost-effective transactions.
Read more
Bears say
Polygon faces considerable competition from other networks aiming to solve similar challenges, which could dilute its presence in the market.
Read more
Guides
Polygon calculator
Coinbase Bytes
Coinbase Bytes
Nov 08, 2023
Whale street: How big-money institutional investors are preparing for the next bull run
Is Wall Street ready for the next bull run? Major institutional investors have been making moves.
As crypto markets have risen from their slumber this year, institutional investors from Wall Street, Silicon Valley, and beyond are paying attention. Major firms are increasing their investments in crypto, crypto-oriented venture funds are busy raising and deploying capital, and many of the world’s biggest banks are exploring blockchain-native financial products like tokenized treasuries and loans.
Institutions are showing rising enthusiasm for altcoins, with investment in products focused on Polygon ($0.8 million) growing last week.
Related assets
Discover conversions
Popular cryptocurrencies
Comparable market cap
Discover more assets
Legal
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.