Polygon

Today's state: Polygon is trading at $0.073166 with a $0.1 billion market capitalization (rank #196). The price moved -16.44% over the past 24 hours and is -6.12% over 7 days; the 30-day move stands at +0.00% and the 90-day at +0.00%.

Position vs cycle: The asset trades deep in the post-peak drawdown regime, more than 70% below its prior cycle high — typical of late-stage bear conditions or assets that have permanently re-rated lower.

Volatility and structure: 30-day realized volatility of —% annualized is not currently computable for an asset this size. Our composite multi-horizon Price Strength reads Neutral (50/100), with a mixed multi-horizon profile and no clear directional bias.

Polygon (MATIC) is a cryptocurrency, traded on global digital-asset markets. It trades at $0.0732 as of the latest update, with a 24-hour move down 16.44%, placing it at rank #196 by market capitalisation among all listed digital assets. Polygon's current market cap stands at $140.02M, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Polygon across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Polygon positions itself as a general-purpose chain for decentralized applications. The investment thesis rests on ecosystem traction: active addresses, application total-value-locked, and developer mindshare, balanced against the throughput-versus-decentralisation compromises baked into its consensus.

Polygon currently ranks #196 by market capitalisation, making it a mid-cap asset in the broad top 250. It currently trades about 97% below its all-time high of $2.91 set in December 2021.

Under the hood, Polygon is a smart-contract Layer-1 using staked validators rather than mining to reach consensus. Validators put the token at risk as a bond, the protocol selects them to order transactions, and fees plus issuance reward honest participation. Developers deploy contracts that this validator set then executes.

Polygon currently ranks #196 by market capitalisation, making it a mid-cap asset in the broad top 250. It currently trades about 97% below its all-time high of $2.91 set in December 2021.

The chain is used to deploy and run smart contracts, to stake for network security and yield, to pay transaction fees, and as the reserve collateral underpinning its on-chain economy. Its relevance scales with how much real application activity it hosts.

Daily turnover is light — roughly 0.01% of market cap ($14.85K over 24 hours) — so larger orders are best worked into the market gradually to limit slippage.

The supply story for Polygon comes down to three things: how tokens are issued over time, how many are circulating now, and how far the fully-diluted valuation sits above the circulating market cap.

The question that matters for a longer-term view is simple: does value accrual (burns, staking-yield reinvestment, deflationary mechanics, growing ecosystem TVL) run ahead of new issuance, or behind it? Ahead, and price can compound quietly; behind, and it leans on continuous fresh demand to soak up the supply.

At the top of the macro stack sit interest rates, dollar liquidity and risk appetite, and crypto has tended to amplify all three. Easing financial conditions and a weaker dollar have historically pulled the sector up; tightening liquidity and a firmer dollar have reliably pulled it back down.

Several traditional markets serve as useful cross-checks: a strong dollar (DXY) has tended to weigh on crypto; rising 10-year Treasury yields raise the cost of holding risk; gold occasionally trades as a parallel hard-money hedge; and US equities frequently move in sympathy with crypto when the driver is liquidity rather than fundamentals.

Zooming in on Polygon, the most reliable leading indicator has tended to be crypto-native liquidity itself — aggregate stablecoin supply, open interest in futures, and exchange volume. Rising on-chain liquidity has historically pulled MATIC up; draining liquidity has done the opposite.

Key risks include concentration of stake among a few large validators, exploits in the contracts deployed on the chain, fierce competition from other Layer-1s for the same developers and liquidity, evolving regulatory treatment of staking, and the reality that network value unwinds quickly if activity migrates elsewhere.