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Exchange Matic (MATIC)

If you're looking to swap Matic, SwapSpace is your one-stop shop. We have some light reading for you — in case you'd like a refresher on what is Matic, or some fresh information about MATIC’s price movements. And, of course, we provide you with multiple Matic exchange options so that you can choose the offer with the best rates and lowest Matic fees, as well as other parameters that suit you.

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Matic Price Stats

To help you make a decision about exchanging your Matic, we gathered some cold hard numbers: Matic price chart and other stats, such as Matic market cap.

MATIC 24H HIGH

MATIC 24H HIGH $0.54448861932168

MATIC MARKET CAP

MATIC MARKET CAP $5,312,029,189.267

MATIC CIRCULATING SUPPLY

MATIC CIRCULATING SUPPLY 9,971,951,071.829 MATIC

MATIC 24H LOW

MATIC 24H LOW $0.53097203450648

MATIC PRICE

MATIC PRICE $0.53269707713199

MATIC 24H VOLUME

MATIC 24H VOLUME $34,023,321.373

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Matic Price Chart

Here you can see the current price of Matic, as well as Matic price history.

What is Matic?

What is Polygon

Matic is a Layer 2 blockchain, aimed at enhancing the scalability and user experience on the Ethereum network. Founded by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, Mihailo Bjelic, and Sander Denzen, Polygon(Matic) thrives as an ecosystem empowering various decentralized applications (dApps) and cryptocurrencies. The robust project has contributed to streamlining the deployment of these applications in a faster, cost-efficient, and secure manner. 

Polygon's official launch transpired on October 28, 2017. This marked the genesis of a game-changing network designed to tackle the persistent challenges associated with speed, cost, and overall efficiency experienced on the Ethereum blockchain. 

Key Features of Polygon 

Matic offers distinguished features that set it apart on the blockchain landscape: 

  • Scalability: By integrating innovative and efficient scaling solutions, it aims to significantly improve the transaction throughput, thereby fostering a seamless and swift network experience. 
  • Cross-chain Interoperability: Matic's ecosystem thrives on interoperability, seamlessly connected with various EVM-compatible blockchains. This inclusivity enables smoother interactions between different decentralized applications and assets within the network. 
  • User Experience: Matic places a strong emphasis on user experience ensuring low latency and minimal fees, it contributes to creating a more user-friendly environment for both developers and end-users. 
  • Security: While prioritizing speed and efficiency, the network employs robust security measures to safeguard transactions and user data. 
  • Adoption of Plasma Framework: Matic leverages the Plasma framework to optimize its scalability solutions. This technology enables off-chain transactions, allowing a vast number of transactions to be executed outside the main Ethereum chain, presenting a notable boost in overall network speed. 
  • Proof-of-Stake Implementation: Matic has transitioned to a proof-of-stake consensus mechanism, enhancing the network's efficiency and reducing its carbon footprint. 

Polygon Use Cases  

  • Decentralized Finance (DeFi): Matic has significantly bolstered DeFi applications by addressing slow transaction speeds and high gas fees. Its scalable infrastructure has contributed to the burgeoning DeFi ecosystem, making financial activities more accessible and efficient. 
  • Non-Fungible Tokens (NFTs): Matic's low-cost, high-speed environment has proven particularly beneficial for powering NFT marketplaces and applications. Artists, collectors, and creators have found a welcoming space in Matic, where they can seamlessly engage in NFT transactions and communities. 
  • Gaming: Polygon’s scalability and cost-effectiveness have attracted numerous gaming projects seeking to create immersive decentralized gaming experiences. 

Matic Token Utility 

The core token of the Polygon network is MATIC, which plays a pivotal role in both operational and economic facets of the ecosystem. As a utility token, MATIC is utilized for transaction processing, securing the network through staking, participating in governance decisions, and deploying and running various decentralized applications (dApps) within the Polygon ecosystem. MATIC has been instrumental in the growth and development of the Polygon network and is integral in realizing the vision of a more scalable and user-centric blockchain ecosystem.

Average Transaction Fee on the Matic Network 

The average gas fee on Polygon typically ranges between $0.01 which is 0,014 Matic. However, the transaction fees on Polygon, as on any blockchain, may vary depending on the network load.

Matic Token Wallets 

When it comes to managing your Matic tokens, here are three well-regarded wallets used in cryptocurrency transactions: 

  • MetaMask: A widely used browser extension wallet that supports a range of Ethereum-based tokens, including Matic tokens.
  • Trust Wallet: A secure mobile wallet that enables users to store, send, and receive Matic and other cryptocurrencies.
  • MyEtherWallet (MEW): A user-friendly interface that allows users to create and manage Ethereum wallets, supporting CVX and other ERC-20 tokens.

A Simple Way To Exchange Matic Here At SwapSpace

Step 1
Step 1

Choose a pair

Choose the cryptocurrencies you would like to exchange among more than 2650 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.

Step 2
Step 2

Select the best rate

You choose the rate – we do the magic! Pick up the exchange service by the rate which meets your requirements. Make sure you are okay with the selected service network fee and privacy policy: some of them require you to pass the AML/KYC procedure.

Step 3
Step 3

Transfer funds

Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!

Step 4
Step 4

Receive your coins

You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: support@swapspace.co.

Exchanging Matic: SwapSpace’s Video Tutorial

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Popular Exchange Pairs with Matic

Those cryptocurrencies are most frequently traded with Matic at SwapSpace. Join our other customers in the “Exchange Pairs” section!
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