What is Polygon?


Polygon Blockchain Summary

polygon logo

Launch Year

2017 (Formerly Matic Network)


Ethereum Layer 2 Scaling Solution


Varies, inherits security features from Ethereum

Polygon positions itself as a scaling solution for Ethereum, addressing Ethereum’s high transaction fees and congestion issues. It acts as a sidechain, offering faster and cheaper transactions while maintaining a close connection to the Ethereum main chain. Polygon has attracted a vast ecosystem of dApps, games, and NFT projects due to its user-friendliness and compatibility with Ethereum developer tools.


Polygon staking mechanism and details

Polygon uses a Proof-of-Stake (PoS) consensus mechanism where MATIC holders can contribute to network security and earn rewards by either:

Details about Polygon staking

  • Becoming a Validator

    Requires technical expertise, a significant MATIC stake, and running specialized software.

  • Delegating MATIC

    Delegate your stake to a chosen validator, offering a simpler approach for most users.

Rewards are distributed based on the amount of MATIC staked, validator performance, and overall network activity.

Used for paying transaction fees on the Polygon network, participating in staking, and playing a role in network governance.


MATIC has a maximum supply of 10 billion tokens.


MATIC’s value is linked to the growth of the Polygon ecosystem and its ability to provide accessible scaling solutions for Ethereum.


Polygon Smart Contracts

Polygon is largely compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily migrate or build Ethereum-based dApps on the network. This compatibility fosters a large developer community and tooling for rapid dApp creation.

Details about Polygon smart contracts

  • Ethereum Compatibility

    Easily port existing dApps and smart contracts from Ethereum due to EVM compatibility.

  • Focus on Scalability

    Benefits from Layer 2 scaling solutions with reduced gas fees and faster transactions.


Polygon Wallet Options

Hodlezz app showcase


The most widely used Ethereum wallet, easily configured to interact with Polygon.

Coinbase Wallet

Popular wallet supporting Polygon and a variety of dApps.

WalletConnect Integration

Polygon dApps often support WalletConnect, enabling interactions with various mobile wallets.

Ledger and Trezor

Hardware wallets for the security-conscious MATIC holder.


How to Buy Polygon (MATIC): Your Guide to Top Exchanges

Ready to invest in Polygon (MATIC)? Multiple centralized and decentralized exchanges offer ways to acquire MATIC. Here’s a breakdown of some popular options to help you find the best place to buy Polygon.

Best CEXs to Buy MATIC

  • Binance

    Global exchange featuring high liquidity and MATIC trading pairs.

  • Coinbase

    Popular and user-friendly exchange with MATIC trading.

  • Kraken

    Well-regarded exchange offering a good selection of cryptocurrencies, potentially including MATIC.

  • KuCoin

    Global exchange featuring several trading pairs for MATIC.

  • Crypto.com

    Provides various crypto services, including MATIC trading.

Best DEXs to Buy MATIC

  • Quickswap

    The leading decentralized exchange on the Polygon network with liquidity pools and swap features.

  • Uniswap

    Market-leading decentralized exchange on the Ethereum network, likely to list MATIC.

  • SushiSwap

    Popular DEX offering additional yield-earning opportunities, often includes MATIC.

Important Note: Always research and consider factors such as fees, security, supported fiat currencies, and regional availability before choosing an exchange. It’s recommended to compare multiple options to find the best way to buy MATIC that suits your specific needs.


How to track Polygon assets?

Monitor and capitalize all your Polygon assets from multiple sources with auto-synced data about coin prices, NFT floor prices, advanced analytics and custom asset based opportunities.

Hodlezz app portfolio data and features

7 easy steps to track and capitalize all your Polygon assets

Open your crypto wallet app or web extension

Polygon wallet instructions for Hodlezz portfolio
Polygon wallet instructions for Hodlezz portfolio

Select your Polygon public wallet address and copy it

Open the Hodlezz mobile app and create a portfolio

Hodlezz app portfolio instructions
Hodlezz app coin display

Select the settings icon in your portfolio

Select [Add connector] from the menu

Hodlezz app Portfolio menu
Polygon integration in Hodlezz app

Select [Polygon] for any Polygon compatible address

Choose a name for your connector and insert your public wallet address

Hodlezz app portfolio connector setup

Start tracking all your crypto assets now

Experience seamless management of your digital assets with Hodlezz: the premier app for real-time tracking and analytics of your cryptocurrencies and NFTs.