Polygon is a decentralised Ethereum scaling platform that enables developers to build user-friendly dApps with low transaction fees without compromising security. Its native token, MATIC, is used to pay for gas fees on the Polygon network, and staked to secure the network and participate in governance proposals. As of August 2022, Polygon is home to over 37,000 dApps, a fourfold increase since the beginning of 2022. It hosts some of the most distinguished projects including NFT marketplace OpenSea, DeFi lending platform Aave and Metaverse platforms Decentraland and The Sandbox.
It has 13,000 delegators on its PoS chain with 4 billion~ MATIC staked, has attracted over 145k+ contract creations, and has completed more than 1.8 billion transactions on its network.
Polygon raised approximately $450 million in a funding round led by Sequoia Capital in February 2022. The funds will be used to invest in cutting-edge zero-knowledge (ZK) technology that will be key to onboarding the next billion users to Web3. Its current suite of scaling Ethereum-scaling solutions includes Polygon PoS, Polygon zkEVM, Polygon Avail, Polygon Edge, Polygon Nightfall, Polygon Miden and Polygon Zero, with an Enterprise chain that is coming soon.
MATIC’s all-time high (ATH) price peaked at $2.92 in December 2021 and is currently trading at around $0.78 (as of August 29th 2022). As L2 developments gain traction and momentum, Polygon is poised for substantial growth.
We are excited to announce that Polygon (MATIC) is available for investing on the Matrixport app, alongside other blue-chip cryptocurrencies like Bitcoin (BTC), Ether (ETH), Solana (SOL), Stablecoins (USDT & USDC), and many more. You can stake, invest, swap, or apply for a non-liquidation loan with MATIC.
Matrixport is one of the world’s largest and most trusted digital assets financial services ecosystem and forges strategic collaborations with early stage Web3 innovators, helping them build, grow and scale. With USD4B in digital assets actively managed, it provides one-stop crypto financial services to meet the emerging needs of generating long term wealth in digital assets. The company’s services include Cactus Custody™, spot OTC, fixed income, structured products (including Dual Currency), lending as well as asset management.
In 2022, Matrixport was named by CB Insights as the 50 most promising blockchain and crypto companies in the world. With its mission to make crypto easy for everyone, Matrixport has a relentless focus on product innovation and offers a comprehensive suite of market leading crypto investment products. In 2021, the number of investors using its app increased by 427%, year-on-year, and the fintech company achieved pre-money unicorn valuation within two years after its inception.
Headquartered in Singapore, Matrixport serves individuals as well as over 500 institutions across Asia and Europe. The company holds a Hong Kong Trust Company License and a Swiss FINMA SRO-VQF Membership. For more information, visit www.matrixport.com.
Polygon is a layer-2 scaling solution created in 2019 to help scale Ethereum-compatible blockchain networks and improve their functionality. It offers low gas fees and high speeds without sacrificing security. Polygon SDK, one of the platform’s main components, supports building and connecting Secured Chains like Plasma, Optimistic Rollups, Validium, and Polygon POS.