How much is the circulation of Polygon(MATIC) currency?

As of an unspecified date, the circulating supply of Polygon's (MATIC) cryptocurrency was approximately 8.8 billion.

Dec 07, 2024 at 07:11 am

How much is the circulation of Polygon(MATIC) currency?

Polygon (MATIC) is a cryptocurrency that powers the Polygon network, a layer-2 scaling solution for Ethereum. The Polygon network is designed to improve the scalability and transaction speed of Ethereum by providing a separate blockchain that runs parallel to the Ethereum mainnet. MATIC is used to pay for transaction fees on the Polygon network and to reward validators who participate in the network's proof-of-stake consensus mechanism.

As of [date], the circulating supply of MATIC is 8.8 billion. This represents approximately 73% of the total supply of MATIC, which is capped at 12 billion. The remaining 27% of MATIC is held by the Polygon team and other early investors.

The circulating supply of MATIC has been steadily increasing since the launch of the Polygon network in 2017. This is due to the fact that new MATIC is constantly being minted to reward validators and to pay for transaction fees.

The circulating supply of MATIC is expected to continue to increase in the future as the Polygon network grows in popularity. This is because more and more users will be using the Polygon network to transact, which will lead to an increase in the demand for MATIC.

The circulating supply of MATIC is an important metric to track because it can impact the price of MATIC. A higher circulating supply can lead to a lower price for MATIC, while a lower circulating supply can lead to a higher price for MATIC.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

ORBR

$0.1770

149.48%

Trade Now
ALPACA

$0.4894

47.75%

Trade Now
REX

$0.0342

45.03%

Trade Now
KEEP

$0.1162

38.00%

Trade Now
VIRTUAL

$1.6497

25.04%

Trade Now
XMW

$0.1437

22.52%

Trade Now

Latest Crypto News

Hedera (HBAR) Enters May in a Fragile Yet Potentially Explosive Technical Setup
2025-05-01 09:15:12
BTC stalls at key resistance with bearish signs mounting
2025-05-01 09:15:12
Coinbase Expands Bitcoin-Backed Loans to the United States, Opening Instant Liquidity Without Triggering Taxable Events
2025-05-01 09:10:13
HBAR Price Prediction: Will Hedera (HBAR) Ride the Bitcoin Wave or Fall Behind?
2025-05-01 09:10:13
Market sentiment remains cautious ahead of the May 7 Ethereum Pectra upgrade, but optimism is beginning to return
2025-05-01 09:05:13
Unstaked Governance Model, Pi’s $2.40 Forecast, & Hedera’s $10M Outflow: Best Crypto
2025-05-01 09:05:13

Related knowledge

Is BSV worth holding for a long time? Which is more suitable, fixed investment or one-time purchase?

Apr 30,2025 at 08:39pm

Is BSV worth holding for a long time? Which is more suitable, fixed investment or one-time purchase? Bitcoin SV (BSV) has been a topic of interest and debate within the cryptocurrency community since its inception. Stemming from a hard fork of Bitcoin Cash (BCH), BSV aims to fulfill the original vision of Bitcoin as outlined by Satoshi Nakamoto, focusin...

What are the BSV short-term trading skills? How to use technical indicators to improve the winning rate?

May 01,2025 at 08:15am

In the world of cryptocurrency trading, Bitcoin SV (BSV) has garnered attention due to its unique characteristics and potential for short-term trading. To enhance your trading skills and increase your winning rate, understanding and utilizing technical indicators is crucial. This article will delve into the essential BSV short-term trading skills and ho...

Is BSV OTC reliable? How to avoid fraud in OTC transactions?

Apr 30,2025 at 09:57pm

Is BSV OTC reliable? How to avoid fraud in OTC transactions? When it comes to trading cryptocurrencies, particularly Bitcoin SV (BSV), over-the-counter (OTC) markets offer a platform for large volume trades away from traditional exchanges. However, the reliability of BSV OTC markets and the risk of fraud are concerns that many traders face. This article...

What are the BSV selling strategies? How to set reasonable stop-profit and stop-loss points?

May 01,2025 at 08:14am

In the world of cryptocurrencies, Bitcoin SV (BSV) has emerged as a notable digital asset that many traders and investors are keen to engage with. Understanding the right selling strategies for BSV, along with setting appropriate stop-profit and stop-loss points, is crucial for maximizing returns and minimizing risks. This article delves into these aspe...

How to store BSV safely? How to avoid the risk of wallet theft when trading?

May 01,2025 at 08:21am

Storing Bitcoin SV (BSV) safely and avoiding wallet theft when trading are crucial aspects of managing your cryptocurrency. This article will provide detailed guidance on securing your BSV and protecting yourself from potential theft during trading activities. Understanding BSV and Its ImportanceBitcoin SV (BSV) is a cryptocurrency that emerged from a h...

How to track the addresses of Walrus (WAL) big holders? What is the reference value of their movements?

Apr 30,2025 at 09:49pm

How to Track the Addresses of Walrus (WAL) Big Holders? What is the Reference Value of Their Movements?Tracking the addresses of big holders, or 'whales,' in the cryptocurrency ecosystem can provide valuable insights into market trends and potential price movements. For Walrus (WAL), a lesser-known cryptocurrency, understanding how to monitor these sign...