Buy MATIC in a few steps
Bitcoin, Ethereum, Tether, and more popular crypto
How to buy MATIC (MATIC)
What is MATIC (MATIC)?
Founded in 2017 by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun, Polygon is a Layer-2 scaling solution for Ethereum and other compatible blockchains. To combat Ethereum's hefty gas fees, Polygon uses proof-of-stake (PoS) side chains to scale horizontally rather than vertically.
Polygon's network builds on the high decentralization and security provided by Ethereum while offering low gas fees and speed. Its network uses Plasma technology to process transactions off-chain before finalizing them on the Ethereum network, which helps achieve a high transaction throughput. Theoretically, Polygon can process 65,536 transactions per second on a single sidechain at near-zero fees.
Polygon's native utility token, MATIC, powers and maintains the Polygon network. Using MATIC, participants can hold, spend, stake, or participate in other governance activities. Apart from transactions on the MATIC blockchain, Polygon also has a thriving NFT and DeFi ecosystems due to low transaction fees.
MATIC FAQ
- Cryptocurrencies, such as MATIC, 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 MATIC have been created as well.
- Check out our MATIC price prediction page to forecast future prices and determine your price targets.