MATIC is the native on-chain token of the Polygon network, an easy-to-use Ethereum-based platform aimed at enabling the scaling capacities and infrastructure interoperability for new projects launching on the Ethereum blockchain. The MATIC token on Polygon provides participating holders governance abilities and the opportunity to earn transaction fees through its proof-of-stake network process. Polygon is gaining in popularity and is currently backed by crypto corporate powerhouses Coinbase and Binance.

Over the past 12 months, MATIC saw a high of $2.83 per token on Christmas day 2021, up from a low of 38 cents back in March of last year. Polygon boasts one of the best-in-class transaction processing rates in the industry of around 65,000 per second, and confirms new blocks approximately every two seconds via its PoS protocol. Both of those are incredibly efficient and are leading many to suspect that MATIC and Polygon will regain significant value in the coming year as more Ethereum projects are launched, requiring the speeds and efficiencies provided by the MATIC network.

CoinMarketCap MATIC Deep Dive Link:
https://coinmarketcap.com/currencies/polygon/