Matic Network (MATIC) Hits Market Cap of $616.67 Million

Matic Network (CURRENCY:MATIC) traded up 3.7% against the US dollar during the one day period ending at 20:00 PM ET on September 14th. During the last week, Matic Network has traded up 169% against the US dollar. One Matic Network coin can currently be purchased for about $0.12 or 0.00000266 BTC on cryptocurrency exchanges. Matic Network has a total market cap of $616.67 million and $279.92 million worth of Matic Network was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed during the last 24 hours:

  • Chainlink (LINK) traded up 13.7% against the dollar and now trades at $30.59 or 0.00064830 BTC.
  • Binance USD (BUSD) traded up 0% against the dollar and now trades at $1.00 or 0.00002120 BTC.
  • Polygon (MATIC) traded 7.5% higher against the dollar and now trades at $1.34 or 0.00002833 BTC.
  • FTX Token (FTT) traded down 0.5% against the dollar and now trades at $67.68 or 0.00143443 BTC.
  • DREP (DREP) traded 21% lower against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded 19.5% lower against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Dai (DAI) traded up 0% against the dollar and now trades at $1.00 or 0.00002120 BTC.
  • THETA (THETA) traded up 7.3% against the dollar and now trades at $6.53 or 0.00013849 BTC.
  • Aave (AAVE) traded up 17% against the dollar and now trades at $383.99 or 0.00813847 BTC.
  • PancakeSwap (CAKE) traded up 7.5% against the dollar and now trades at $20.74 or 0.00043960 BTC.

Matic Network Profile

MATIC is a coin. It launched on March 26th, 2018. Matic Network’s total supply is 10,000,000,000 coins and its circulating supply is 4,952,830,774 coins. The Reddit community for Matic Network is https://reddit.com/r/maticnetwork and the currency’s Github account can be viewed here. Matic Network’s official message board is medium.com/matic-network. The official website for Matic Network is matic.network. Matic Network’s official Twitter account is @maticnetwork.

According to CryptoCompare, “Matic provides scalable, secure and instant transactions using sidechains based on an adapted implementation of Plasma framework for asset security and a decentralized network of Proof-of-Stake (PoS) validators. In short, it allows anyone to create scalable DApps while ensuring a superior user experience in a secure and decentralized manner. It has a working implementation for Ethereum on Ropsten Testnet. Matic intends to support other blockchains in the future which will enable it to provide interoperability features alongside offering scalability to existing public blockchains. Matic Network is expanding tech scope and mission and becoming Polygon — Ethereum’s Internet of Blockchains. Existing Matic solutions remain functional and high priority. All the existing Matic solutions and implementations, primarily Matic PoS Chain and Matic Plasma Chains, remain fully functional and will continue to be developed and grown as very important components of the Polygon ecosystem. These implementations will not be impacted or changed in any way, and no action is required from developers or end-users. The $MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.  See the official announcement. Polygon is a easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting two major types of solutions:Secured chains (aka Layer 2 chains): Scaling solutions that rely on Ethereum for security instead of establishing their own validator pool. Stand-alone chains (aka Sidechains): Sovereign Ethereum sidechains, normally fully in charge of their own security, i.e. with their own validator pool. “

Matic Network Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as Matic Network directly using US dollars. Investors seeking to acquire Matic Network should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Matic Network using one of the aforementioned exchanges.

Receive News & Updates for Matic Network Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Matic Network and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.