Matic Network Market Capitalization Achieves $616.67 Million (MATIC)


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Matic Network (CURRENCY:MATIC) traded up 3.7% against the US dollar during the 24-hour period ending at 0:00 AM Eastern on April 20th. One Matic Network coin can now be bought for $0.12 or 0.00000266 BTC on popular cryptocurrency exchanges. Over the last week, Matic Network has traded 169% higher against the US dollar. Matic Network has a market capitalization of $616.67 million and $279.92 million worth of Matic Network was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed over the last day:

  • Chainlink (LINK) traded up 8.8% against the dollar and now trades at $38.07 or 0.00068510 BTC.
  • THETA (THETA) traded 15.4% higher against the dollar and now trades at $11.88 or 0.00021375 BTC.
  • DREP (DREP) traded 21% lower against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded down 19.5% against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Binance USD (BUSD) traded down 0% against the dollar and now trades at $1.00 or 0.00001800 BTC.
  • Crypto.com Coin (CRO) traded up 7.1% against the dollar and now trades at $0.20 or 0.00000355 BTC.
  • FTX Token (FTT) traded 10.8% higher against the dollar and now trades at $52.55 or 0.00094576 BTC.
  • Aave (AAVE) traded up 0.6% against the dollar and now trades at $357.60 or 0.00643571 BTC.
  • PancakeSwap (CAKE) traded 28.1% higher against the dollar and now trades at $27.69 or 0.00049839 BTC.
  • Maker (MKR) traded 7.9% higher against the dollar and now trades at $3,616.26 or 0.06508222 BTC.

Matic Network Coin Profile

MATIC is a coin. It launched on March 26th, 2018. Matic Network’s total supply is 10,000,000,000 coins and its circulating supply is 4,952,830,774 coins. The official website for Matic Network is matic.network. Matic Network’s official Twitter account is @maticnetwork. Matic Network’s official message board is medium.com/matic-network. The Reddit community for Matic Network is https://reddit.com/r/maticnetwork and the currency’s Github account can be viewed here.

According to CryptoCompare, “Matic provides scalable, secure and instant transactions using sidechains based on an adapted implementation of Plasma framework for asset security and a decentralized network of Proof-of-Stake (PoS) validators. In short, it allows anyone to create scalable DApps while ensuring a superior user experience in a secure and decentralized manner. It has a working implementation for Ethereum on Ropsten Testnet. Matic intends to support other blockchains in the future which will enable it to provide interoperability features alongside offering scalability to existing public blockchains. Matic Network is expanding tech scope and mission and becoming Polygon — Ethereum’s Internet of Blockchains. Existing Matic solutions remain functional and high priority. All the existing Matic solutions and implementations, primarily Matic PoS Chain and Matic Plasma Chains, remain fully functional and will continue to be developed and grown as very important components of the Polygon ecosystem. These implementations will not be impacted or changed in any way, and no action is required from developers or end-users. The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.  See the official announcement. Polygon is a easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting two major types of solutions:Secured chains (aka Layer 2 chains): Scaling solutions that rely on Ethereum for security instead of establishing their own validator pool. Stand-alone chains (aka Sidechains): Sovereign Ethereum sidechains, normally fully in charge of their own security, i.e. with their own validator pool. “

Matic Network Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Matic Network directly using U.S. dollars. Investors seeking to acquire Matic Network should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Matic Network using one of the exchanges listed above.

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