Polygon
Polygon is a scaling solution for Ethereum, providing faster and cheaper transactions through its layer-2 sidechain network. It supports EVM compatibility and a growing suite of scaling technologies like zk-rollups and optimistic rollups. MATIC is used for gas fees, staking, and governance. It’s ideal for investors looking to gain exposure to Ethereum scalability.
| Polygon | |
|---|---|
| Market Cap Rank | 11 |
| Sector / Use Case | Layer 2 Scaling Solution |
| Consensus Mechanism | Proof-of-Stake |
| Year Launched | 2019 |
| Current Price Range | $0.30-$2.50 |
| All-Time High | $2.92 (Dec 2021) |
| Staking Rewards (%) | 4-7% |
| Developer Activity Level | Very High |
| Institutional Adoption | High |
| Notable Features | Ethereum scaling solution, low fees |
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