What is Polygon?
Polygon (MATIC) is an Ethereum Layer-2 network token currently ranked 197th by market capitalization across all crypto assets we track. L2 networks scale Ethereum by batching transactions and posting compressed proofs back to the L1, lowering fees while inheriting Ethereum security guarantees.
Market position
At the current price of $0.0909, Polygon carries a market capitalization of $173.87M. Daily trading volume across exchanges sits at roughly $9.22K. That works out to a 24-hour turnover of about 0.01% of the float — lower than the broad crypto market average, suggesting limited short-term speculative flow.
Price action across timeframes
Over the past 24 hours, Polygon has moved ++0.75%; over the past week, Polygon has moved -4.40%; over the past year, Polygon has moved -17.66%. Short-term and long-term direction diverge here, which often happens at inflection points where a trend is either reversing or pausing.
Cycle position
Polygon is currently trading far below its all-time high (all-time high of $2.91, -96.9% from peak). Late-stage capitulation territory — the riskiest end of the cycle but historically the highest-reward. From its all-time low of $0.0146, current pricing represents a +524% recovery.
Supply & dilution
The circulating supply stands at 10,000,000,000 MATIC. With 100.0% of the maximum supply already issued, future dilution is near-zero — almost all token issuance is behind us.
Volatility profile
Recent price action puts Polygon in the Low-volatility bucket. The asset has been relatively stable, with moves typical of large-cap, mature assets.
How to evaluate Polygon
A balanced read on MATIC typically considers three lenses:
- Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
- Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
- Comparable assets — how is MATIC performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.
This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.