Polygon Price

Coin Prices

ANKR

$0.0329812

5.29%

Price data by

DecryptCoinsPolygon

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Polygon

matic

$0.436

16%

Smart Contract Platform

BNB Chain Ecosystem

Polygon Ecosystem

Harmony Ecosystem

24-Hour Range

$0.374

$0.437

Low

High

Market Cap (Mcap)

Rank

#102

Mcap

$1.02B

Fully Diluted Mcap

$4.36B

Supply

Circulating

2,348,465,231

Total

10,000,000,000

Created On

N/A

All Time High (ATH)

ATH

$2.92

ATH Change

-85.03%

ATH Date

Dec 27th, 2021

Total Value Locked (TVL)

TVL

$5.24B

MCap to TVL Ratio

0.2

FDV to TVL Ratio

0.83

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Learn about Polygon

What is Polymarket? Decentralized Prediction Markets Explained

Decentralized prediction markets such as Polymarket have rapidly gained traction in recent years. Here’s how they work.

Polygon News

Oct 11, 2024

Long Reads

Prediction Markets Invite Insider Trading—And That’s a Good Thing, Experts Say

Think of the term “insider trading,” and what comes to mind? Maybe someone in a suit, whispering about a secret new product or a quarterly earnings report that’s yet to drop. Perhaps there’s a park bench involved, or an envelope, or a lot of whiskey. That image is now outdated. The explosion in popularity of prediction betting markets like Polymarket this year has not just changed how people make money online—it’s also revolutionized the pool of who, exactly, has access to information with pote...

by Sander Lutz · 9 min read

Oct 10, 2024

Law and Order

SEC Sues Crypto Trading Firm Cumberland, Again Alleges Solana and Polygon Are Securities

The U.S. Securities and Exchange Commission announced Thursday that it has charged Cumberland DRW, a Chicago-based crypto trading firm, with various securities charges. In an announcement, the SEC said that Cumberland operated as an unregistered dealer in handling more than $2 billion worth of cryptocurrencies. The complaint alleges that Cumberland traded “crypto assets that are offered and sold as investment contracts on third-party crypto asset exchanges.” The SEC complaint mentions five asse...

by Andrew Hayward, Mat Di Salvo · 2 min read

Oct 8, 2024

Markets

Trump's Presidential Odds on Polymarket Spike to Two-Month High Amid Bettor Speculation

Donald Trump’s odds of winning the U.S. presidential election on Polymarket climbed to over 53% on Monday, overtaking Vice President Kamala Harris, who held a slight lead last week. The surge has fueled speculation about potential manipulation, centering on a user known as "Fredi9999," who has amassed over 7.8 million Trump shares, making them the platform’s largest holder, data shows. The user has drawn attention to their methodical strategy of accumulating shares, particularly in the battlegro...

by Sebastian Sinclair · 3 min read

Sep 30, 2024

NFTs

Australia’s Vinyl Group Hits the Right Note with $1.6M Serenade Crypto Collectibles Deal

Vinyl Group, Australia's only listed music company, has acquired the assets of London-based Serenade, a platform focused on digital and physical collectibles, in an equity-based deal valued at up to US$1.6 million. Vinyl launched its website last year, aiming to replicate the experience of “crate-digging” for records in digital form, CEO Josh Simons told Decrypt. The acquisition marks the group’s expansion into the UK and European markets while enhancing its offerings in the digital collectible...

by Sebastian Sinclair · 3 min read

Sep 27, 2024

Gaming

‘Deadrop’ Game Studio Denies Dr. Disrespect’s Claim That He’ll Return

Popular video game streamer Dr. Disrespect recently said in a livestream that he’s “got a feeling” that he’ll rejoin Midnight Society, the game studio behind first-person shooter Deadrop that he helped co-found. But the company insists that’s not going to happen. In response to a viewer question about Dr. Disrespect (aka Guy Beahm) still having Midnight Society listed in his Twitter bio, the over-the-top personality—who calls himself the “two-time” Blockbuster video game champion from the 1990s—...

by Ryan S. Gladwin · 3 min read

Sep 24, 2024

Coins

Polymarket on the Hunt for $50 Million Amid Potential Token Launch: Report

Blockchain-based predictions platform Polymarket is seeking an additional $50 million in new capital amid potential plans to launch a token, The Information reported Monday. Investors in the round will be issued token warrants, giving them the right to purchase tokens if Polymarket decides to launch them in the future, the outlet reported, citing anonymous sources. It's unclear whether the tokens will provide additional utility within the platform. Polymarket CEO Shayne Coplan did not immediatel...

by Sebastian Sinclair · 2 min read

Sep 11, 2024

Gaming

‘Deadrop’ Game Studio Confirms Layoffs After Booting Dr. Disrespect

Midnight Society, the game studio behind shooter game Deadrop, has confirmed that “significant” layoffs took place after staff started to post about the move on social media. The layoffs come just three months after the company announced that it was “terminating” its relationship with Dr. Disrespect, a popular video game streamer and one of the studio’s co-founders, amid allegations that he inappropriately chatted with a minor. Dr. Disrespect previously confirmed the allegations, but has since b...

by Ryan S. Gladwin · 3 min read

Sep 8, 2024

Coins

Will Polymarket Launch a Token? Why Some Traders Are Betting on an Airdrop

Will Polymarket have an airdrop? This year's staggering rise of the crypto prediction market has fueled speculation that the platform will debut its own token, and potentially reward its growing pool of users. And some of those users already appear to be making moves to improve their chances of scoring big. To be clear, Polymarket has yet to announce plans for a token, and the company did not reply to Decrypt's request for comment. But amid surging trading volume alongside the U.S. election cycl...

by Ryan S. Gladwin · 5 min read

Sep 3, 2024

Technology

Polygon Is Migrating From MATIC to POL: Here's Everything You Need to Know

Polygon Labs is making major strides toward the future of its network on Wednesday. On September 4‌‌, the Ethereum scaling network will complete a migration from its longstanding MATIC token to POL, which will then become the native token of its network. The migration forms an integral part of the Polygon 2.0 roadmap. Ahead of the shift, here’s a look at what to expect from the migration—and what you need to do if you’re a MATIC holder. What is the “MATIC” to “POL” migration? The POL migration...

by Liz Napolitano · 3 min read

Aug 29, 2024

Long Reads

How Celebrities Are Building ‘Unstoppable Communities’ With NFTs

Celebrities may seem like they have the world at their feet—but like the rest of us, they’re at the mercy of centralized gatekeepers, in their case the social media platforms that connect them with their fans. Those platforms can cut creators off from their audiences at a stroke, explained Andras Kristof, CEO of “unstoppable communities” platform Galaxis. “If YouTube gives you three strikes because their AI mistakes something, or for any reason, the owner of a platform decides that he doesn't li...

by Decrypt Staff · 6 min read

Aug 26, 2024

Markets

Crypto Bettors Still Have $6 Million Riding on Whether RFK Jr. Officially 'Dropped Out'

The twice-disputed outcome of a Polymarket contest involving Robert F. Kennedy Jr. has proven controversial and remains unresolved. And some traders have leveraged the fracas online to stage long-shot bets around the independent presidential candidate’s suspended campaign. Before Kennedy spoke about the future of his White House bid in Arizona on Friday, a market on the blockchain-based prediction platform had garnered $300,000 in total bets. The contest looked to assess Kennedy’s odds of droppi...

by André Beganski · 4 min read

Aug 21, 2024

Gaming

Move-to-Earn Game ‘Stepn Go’ Reveals G-Shock NFT Sneaker Collab

Stepn Go, the social spinoff of the mobile move-to-earn game, has teamed up with Casio’s iconic watch brand G-Shock to launch a unique collection of co-branded NFT sneakers, the companies announced Wednesday. As part of the Virtual G-Shock project that previously spanned digital watches and other collectibles, Casio will collaborate with Stepn Go maker FSL to offer a limited-edition collection of 800 NFT sneakers on Ethereum scaling network Polygon. The exclusive NFTs, which feature designs insp...

by Andrew Hayward · 2 min read

Aug 9, 2024

Gaming

How Midnight Society Moves Forward After Dr. Disrespect 'Shock'—And What's Next for Deadrop

More than a month after famed gaming influencer Dr. Disrespect was dropped by Midnight Society, the studio building the first-person shooter Deadrop, the team has broken its silence in an exclusive interview with Decrypt’s GG—to discuss removing the popular streamer from the company, and how the game can move forward without him. Dr. Disrespect, aka Guy Beahm, was alleged to have inappropriately chatted with a minor. The streamer later admitted to having conversations with a minor that “leaned t...

by Ryan S. Gladwin · 5 min read

Jul 30, 2024

NFTs

DraftKings Kills Fantasy Sports NFT Business Amid Class Action Lawsuit

The fantasy sports giant DraftKings informed users Tuesday that its Polygon-powered NFT experience Reignmakers has met an unceremonious end, effective immediately. Citing “recent legal developments,” the company wrote in an email reviewed by Decrypt that Reignmakers and its associated NFT marketplace have been discontinued. Meanwhile, users have the opportunity to “relinquish those game pieces” in exchange for a cash payment or withdraw them to a self-custodial wallet. Stemming from a 2021 agree...

by André Beganski · 4 min read

Jul 30, 2024

Law and Order

SEC Might Shelve Allegation That Solana Is a Security in Binance Lawsuit

Solana, Cardano, and Polygon can all breathe a tentative sigh of relief—the Securities and Exchange Commission (SEC) wants to table its allegation that they are unregistered securities in its lawsuit against crypto exchange Binance, according to a new court filing. The SEC wants to amend its Binance lawsuit to shelve allegations against the "third party crypto assets," it wrote in a joint status report filed early on Tuesday. But SOL, ADA, and MATIC aren't entirely out of the woods just yet. The...

by Stacy Elliott · 3 min read

Jul 26, 2024

Markets

Polymarket Crypto Bettors Place Parlays on the Paris Olympics

With an extravagant opening ceremony, the 2024 Paris Olympics are underway—and millions of dollars in crypto bets have already been placed on the wildly popular Polymarket. So much so that the decentralized crypto-powered platform now has an “Olympics” category. A total of $1.2 million has already been placed on bets predicting which country will win the most medals. After that, punters have put $1.1 million on which country will win the most gold medals. The U.S. is the favorite to scoop up...

by Mat Di Salvo · 2 min read

Jul 24, 2024

The Projects

What is Polymarket? Decentralized Prediction Markets Explained

Decentralized prediction markets such as Polymarket have rapidly gained traction in recent years. In the run-up to the 2024 U.S. Presidential election, they exploded into the mainstream, with media outlets like the Wall Street Journal and Newsweek reporting on Polymarket odds alongside traditional polls. Polymarket is currently illegal to use in the U.S., though the preponderance of bets on U.S.-centric events such as the upcoming Presidential election suggest that its users take a keen interest...

by Reza Jafery · 7 min read

Jul 24, 2024

Business

Polls Show Kamala Harris Pulling Ahead of Trump—But Polymarket Bettors Disagree

Kamala Harris has a narrow lead over Donald Trump in a recent Reuters/Ipsos poll, but crypto prediction market Polymarket has the former president winning by a sizable margin. After President Joe Biden dropped out of the race amid concerns over his odds as a candidate, Vice President Harris emerged as the most likely Democratic nominee. In a recent national poll, Harris leads Trump 44% to 42% within a 3 percentage point margin of error. That means in the worst case, Harris would be trailing Trum...

by Ryan S. Gladwin · 3 min read

Jul 18, 2024

NFTs

Reddit Is Sunsetting Animated Collectible Expressions for Polygon NFTs

Social media site Reddit is abandoning its Collectible Expressions feature, which created animations based on users' Collectible Avatars NFTs. The news was revealed on a Reddit help page, which carries a message stating that "As of August 5, 2024, Collectible Expressions will no longer be supported on Reddit. In some instances, you might be able to view them on past comments, but they can’t be used on comments moving forward." Collectible Expressions build on Reddit's Collectible Avatars, a seri...

by Stephen Graves · 2 min read

Jul 18, 2024

Markets

Polygon Will Migrate MATIC Tokens to POL During September Upgrade

Polygon developers have scheduled the MATIC to POL token swap to begin September 4, according to a July 18 blog post. The migration has been in the works for a long time—the team first announced the plan this time last year. During that time, Polygon co-founder Sandeep Nailwal said on Twitter he’s often been asked when it’ll happen. “One recurring ask from the community was to have a definitive date on MATIC [to] POL migration, he wrote. One recurring ask from the community was to have a defini...

by Adrian Zmudzinski · 3 min read