Polygon Price, MATIC Price, Charts and Marketcap

Polygon is transforming the world of decentralized finance (DeFi) and applications with its powerful layer-2 solutions. As a key framework for building and connecting Ethereum-compatible blockchain networks, Polygon has significantly improved both scalability and user experience. The continuous rapid growth of the polygon, showing its rising popularity in blockchain space. As per dailyCoin, its transaction has reached more than. This milestone shows its acceptance among the people. 

One of Polygon’s biggest advantages for developers is its ability to lower the cost of blockchain app development, made possible by its minimal transaction fees.

This article takes a closer look at Polygon—its core workings, key benefits, and the practical impact it’s making across different industries.

What is Polygon?

Polygon is a Layer 2 scaling solution for the Ethereum Virtual Machine (EVM). Its main goal is to support the development of decentralised applications (dApps) and help build what it calls the "Value Layer of the Internet."

The platform runs on top of the Ethereum blockchain and connects Ethereum-based projects. By using Polygon, developers can make their blockchains more flexible, scalable, and independent while still benefiting from Ethereum's security, interoperability, and strong infrastructure.

The native token of Polygon, POL (previously known as MATIC), is an ERC-20 token, meaning it works seamlessly with other Ethereum-based digital assets. POL is primarily used for:

• Governing and securing the network

• Paying transaction fees

History of Polygon

Polygon started as Matic Network in 2017. It was founded by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. The project first made waves with Binance in 2020. After that, it rebranded to Polygon and shifted its focus to building Web3 applications.In January 2022, Polygon brought in a new CEO, Ryan Wyatt, who previously led YouTube's gaming division.

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In 2023, several important milestones happened. Polygon Labs, the company behind the blockchain, was formed, and the Polygon Foundation was set up to support research, development, and blockchain education. Around the same time, Marc Boiron, the former Chief Legal Officer, became the new CEO.

Polygon has also upgraded its blockchain multiple times. The biggest upgrade came in October 2023, which started the transition of its native token MATIC to POL, a change that went live on September 4, 2024.

Polygon’s Relationship with Ethereum

A common question people ask is, "Does Polygon have its own blockchain?" To answer that, it's important to understand how Polygon is structured and how it works with Ethereum.

Polygon is not designed to replace Ethereum but to improve it. It uses a network of Ethereum-compatible sidechains that process transactions separately from the main Ethereum chain. This setup increases transaction capacity and lowers costs while still benefiting from Ethereum's security and strong infrastructure.

However, Polygon isn't a fully independent blockchain in the traditional sense. Instead, it acts as a framework that connects with Ethereum, allowing smooth and efficient interaction between the two.

For blockchain developers, consultants, and companies, this distinction is crucial. By building on Polygon, they can make decentralized applications (dApps) more scalable, affordable, and efficient without having to create a brand-new blockchain from scratch.

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This integration is one of the main reasons Polygon has become so valuable for enterprise blockchain projects. It supports everything from decentralized finance (DeFi) platforms to large-scale business solutions, showing how blockchain technology can be optimized to serve different industries while cutting down development costs.

Advantages and Disadvantages of a Polygon

Advantages:

• Interoperability and scalability: Polygon is built to work seamlessly with Ethereum and scale without significant limits, making it easier for developers to build and expand applications.

• Low Transaction fees: Polygon keeps its fees affordable, with most transactions costing less than $0.01.

• Fast transaction processing: Polygon can confirm transactions that complete the transaction confirmation process in a single block, and it holds more than 32 transactions per second on average.

Disadvantages:

• Not a fully independent blockchain: Polygon is a Layer 2 solution on Ethereum. If Ethereum experiences major issues or goes offline, Polygon could lose some functionality.

• Limited use cases for POL: The POL token mainly supports governance, network security, and transaction fees. It isn't widely used for everyday purchases like some other cryptocurrencies.

• Still developing: Like many blockchain projects, Polygon's ecosystem is a work in progress. The team continues to improve the platform to maintain its popularity and achieve its long-term vision.

Recent News of Polygone

• MATIC is currently priced at ₹22.62. Polygon has dropped -1% from its 24-hour value of ₹22.81 and is down -6% compared to last week's price of ₹23.97. The token reached its all-time high of ₹23.29 on September 19, 2025, which is a -3% difference from the latest price.

• Polygon's fully diluted valuation stands at ₹225.72B.

• Over the past week, Polygon was searched 7,148 times. In the last 24 hours, it saw a -3% change in buyers, a -4% change in sellers, and a total of 1,672 trades.

• Currently, Polygon ranks #14 among the most popular cryptocurrencies on Coinbase. Its 24-hour trading volume was ₹61.831M. In comparison, the 7-day trading volume is recorded at ₹0.00, with a daily average of ₹0.00, marking an increase of ₹61.831M over the past 24 hours. Similarly, the 30-day trading volume also shows ₹0.00 with a daily average of ₹0.00, reflecting the same ₹61.831M jump compared to the last 24 hours.

Conclusion

Polygon's ability to enhance scalability, cut costs, and improve efficiency makes it a powerful tool for both developers and businesses looking to leverage blockchain technology.

Thanks to its smooth integration with Ethereum and a wide range of use cases across different industries, Polygon has secured a strong position in the rapidly growing blockchain space. For this reason, many companies are turning to leading blockchain app development firms, like Debut Infotech, to help scale their projects effectively.