Polygon (POL, formerly MATIC) is a Layer-2 scaling solution for Ethereum, designed to enhance the speed, efficiency, and cost-effectiveness of decentralized applications (dApps) and transactions on the Ethereum network. Originally known as Matic Network, Polygon has expanded its scope to become an interoperable blockchain framework, supporting multiple Layer-2 solutions like Plasma, Optimistic Rollups, zk-Rollups, and Validium. Polygon’s network allows developers to build scalable, user-friendly dApps with low transaction fees, contributing to its rapid adoption across DeFi, NFTs, and gaming. POL, the network’s native token, is used for transaction fees, staking, and governance. You can track live POL prices, historical data, and market insights on our Polygon Markets page to stay updated on this essential Ethereum scaling project.
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