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How to Buy Polygon
Good news! You can buy Polygon on Coinbase's centralized exchange. We've included detailed instructions to make it easier for you to buy Polygon.
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About Polygon
Polygon was formerly called Matic Network. Polygon (MATIC) is an Ethereum token that powers the Polygon Network, a scaling solution for Ethereum. Polygon aims to provide faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain. Users can deposit Ethereum tokens to a Polygon smart contract, interact with them within Polygon, and then later withdraw them back to the Ethereum main chain. The MATIC token is used to pay transaction fees and participate in proof-of-stake consensus.
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8/14/2025, 7:44:11 PM
Market Stats
Market Cap
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FDV
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Circ. Supply
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Max Supply
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Total Supply
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Performance
Popularity
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Dominance
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Volume (24H)
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Volume (7D)
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Volume (30D)
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All time high
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Price Change (1Y)
Additional details
Market details
MATIC vs markets
↘ 69.25%
MATIC vs BTC
↘ 71.55%
MATIC vs ETH
↘ 67.06%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x7D1AfA7B718fb893dB30A3aBc0Cfc608AaCfeBB0 | |
Polygon | 0x0000000000000000000000000000000000001010 | |
Solana | C7NNPWuZCNjZBfW5p6JvGsR8pUdsRpEdP1ZAhnoDwj7h | |
BNB Smart Chain | 0xCC42724C6683B7E57334c4E856f4c9965ED682bD |
Price history
Time | Price | Change |
|---|---|---|
Today | CA$0.33 | ↘ 6.87% |
1 Day | CA$0.34 | 0.00% |
1 Week | CA$0.32 | 0.00% |
1 Month | CA$0.31 | 0.00% |
1 Year | CA$0.55 | 0.00% |
Coinbase insights
Recent trends
The latest MATIC price is CA$0.33.
FAQ
Polygon, formerly known as Matic Network, is a platform designed to enhance the scalability and usability of Ethereum-based applications. It functions as both a sidechain and a Layer-2 scaling solution, enabling faster and more cost-effective Ethereum transactions by operating alongside the Ethereum main chain. Polygon transforms Ethereum into a multi-chain system, similar to platforms like Polkadot, Cosmos, and Avalanche, while maintaining the benefits of Ethereum’s security and ecosystem. The Polygon Software Development Kit (SDK) serves as the platform’s core component, providing developers with a flexible framework for creating a wide range of decentralized applications. The native token, MATIC, is used to pay transaction fees and participate in the network's proof-of-stake consensus mechanism.
Polygon leverages a combination of the Plasma Framework and a proof-of-stake blockchain architecture to address Ethereum's scalability challenges. The Plasma Framework, co-developed by Ethereum co-founder Vitalik Buterin, enables scalable and autonomous smart contract execution. Polygon’s architecture supports high transaction throughput on its sidechains, achieving block confirmation times of under two seconds. This allows for the deployment of numerous decentralized applications (DApps) without the congestion and high costs associated with proof-of-work blockchains. Users can interact with the Polygon network through multi-chain wallets like Coinbase Wallet, using the Polygon Bridge to transfer Ethereum assets and manage balances across different networks.
Polygon’s flexible infrastructure supports a wide array of use cases in the decentralized ecosystem. Developers can build optimistic rollup chains, ZK rollup chains, standalone chains, or other custom infrastructures tailored to their applications. This versatility makes Polygon an ideal platform for decentralized applications (DApps) such as games, decentralized exchanges, and lending platforms. Its high-speed, low-cost transactions also make it suitable for payment systems, real-time trading platforms, and other applications that require frequent, fast transactions. Polygon’s interoperability with Ethereum enhances its appeal for projects seeking scalability without leaving the Ethereum ecosystem.
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Yes, Polygon is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Polygon guide.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Polygon news
Trending articles
Social stats
Popularity in posts
#109
Contributors
779
Posts
3,492
% About Polygon
0.262%
Hold times
0 days
X (Twitter)
25.07% bullish
Sentiment
4.5 ★
Highlights
779 unique individuals are talking about Polygon and it is ranked #109 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Polygon has an average sentiment score of 90 out of 5. Finally, Polygon is becoming less newsworthy, with 0 news articles published about Polygon.
On Twitter, people are mostly neutral about Polygon. There were 25.61% of tweets with bullish sentiment compared to 2.16% of tweets with a bearish sentiment about Polygon. 74.39% of tweets were neutral about Polygon. These sentiments are based on 3427 tweets.
On Reddit, Polygon was mentioned in 25 Reddit posts and there were 21 comments about Polygon. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Analysis
Bulls say
By market capitalization and users, Polygon is one of the most popular scaling solutions for Ethereum. It caters to diverse use cases and is renowned for its rapid, cost-effective transactions.
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Bears say
Polygon faces considerable competition from other networks aiming to solve similar challenges, which could dilute its presence in the market.
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Guides
Polygon calculator
Coinbase Bytes
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Nov 08, 2023
Whale street: How big-money institutional investors are preparing for the next bull run
Is Wall Street ready for the next bull run? Major institutional investors have been making moves.
As crypto markets have risen from their slumber this year, institutional investors from Wall Street, Silicon Valley, and beyond are paying attention. Major firms are increasing their investments in crypto, crypto-oriented venture funds are busy raising and deploying capital, and many of the world’s biggest banks are exploring blockchain-native financial products like tokenized treasuries and loans.
Institutions are showing rising enthusiasm for altcoins, with investment in products focused on Polygon ($0.8 million) growing last week.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.