$MATIC

Polygon (MATIC)

Polygon is a Layer 2 scaling solution for Ethereum, designed to improve speed and reduce fees. It acts like an express lane for Ethereum, enabling faster and cheaper transactions. MATIC is the native token used for fees and staking. Polygon supports a wide range of dApps, including DeFi, NFT platforms, and gaming projects. Big brands like Starbucks and Reddit use Polygon for NFTs. It’s fully compatible with Ethereum, so developers can migrate apps easily. Polygon uses a plasma chain and proof-of-stake validators to secure the network. It has plans for zk-rollups and modular chains. The ecosystem is growing fast with over 19,000 dApps. MATIC also enables gas-free transactions on some platforms. As Ethereum grows, Polygon helps it scale. It's the duct tape of Web3.