Polygon was originally launched as Matic network in 2017 to improve the Ethereum infrastructure before being renamed “Polygon”. The network’s aim is to solve the issues of high gas fees and the slow speed of block confirmations to facilitate mass adoption by users and enabling high throughput by providing a decentralised platform based on a Plasma implementation. Polygon provides an easy-to-use environment for the additional development and scaling of Ethereum’s infrastructure for an improved user experience. MATIC is the native token of Polygon and is used for staking, contributing to network security and paying gas fees, among other purposes.
Polygon market stats
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