Polygon Price

Coin Prices

AEVO

$0.415203

-11.34%

Price data by

DecryptCoinsPolygon

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Polygon

matic

$0.526

-8.641%

Smart Contract Platform

BNB Chain Ecosystem

Polygon Ecosystem

Harmony Ecosystem

24-Hour Range

$0.519

$0.576

Low

High

Market Cap (Mcap)

Rank

#126

Mcap

$1.01B

Fully Diluted Mcap

$5.27B

Supply

Circulating

1,913,966,770

Total

10,000,000,000

Created On

N/A

All Time High (ATH)

ATH

$2.92

ATH Change

-81.93%

ATH Date

Dec 27th, 2021

Total Value Locked (TVL)

TVL

$5.24B

MCap to TVL Ratio

0.19

FDV to TVL Ratio

1.01

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Weekly Reports: A Deep Dive into Crypto and NFT alphas

If you're looking to keep up with the fast-moving world of crypto and NFTs, The Alpha Report has got you covered.
Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.

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AIRDROPS + ALPHA

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Learn about Polygon

What Are Layer-2 Networks and Sidechains? Ethereum Scaling Explained

Layer-2 networks use a variety of technologies to address the scalability bottlenecks on layer-1 blockchains such as Ethereum.

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

Nov 22, 2024

Business

Polymarket Blocks Users in France After Trump Betting Controversy

After weeks of escalating tensions between Polymarket and the French government, the popular prediction betting market opted to block France-based users on Friday—cutting out a major market for the site. Users attempting to access the site from France today found a new pop-up preventing them from doing so. “You appear to be located in the United States, France, or another related jurisdiction,” the new pop-up reads. “Trading is not available to U.S. persons, persons located in the United State...

by Sander Lutz · 2 min read

Nov 19, 2024

Gaming

Pac-Man NFTs to Fuel Pokémon Go-Like Scavenger Hunt in Tokyo

Flickplay, an NFT interactive character platform, has teamed with Bandai Namco Entertainment—one of its investors—to launch a Pokémon Go-style scavenger hunt to celebrate the 45th anniversary of classic arcade game, Pac-Man. Set to debut in February 2025, the partnership will begin with the release of two series of exclusive Pac-Man digital collectible “toys.” One series will only be available to those in the Japanese neighborhood where Pac-Man was first seen in 1980, Shibuya. Flickplay is a pla...

by Ryan S. Gladwin · 3 min read

Nov 13, 2024

Law and Order

Polymarket Founder Raided by FBI After Trump Win, Company Says

Polymarket CEO Shayne Coplan was the target of a law enforcement raid Wednesday, the company confirmed to Decrypt, describing him as the victim of "political retribution" after his phone and electronics were seized. The spokesperson claimed that Coplan is being targeted after Polymarket “correctly called the 2024 presidential election,” after bettors on the crypto prediction market platform correctly picked a White House victory for Republican Donald Trump. The seizures, conducted Wednesday in...

by André Beganski · 4 min read

Nov 8, 2024

Gaming

'Nifty Island' Ends Play-to-Airdrop Push—Here's When to Expect the ISLAND Token

Roblox-style metaverse game Nifty Island concluded its play-to-airdrop campaign last week. Over the nine-month push, the game attracted more than 140,000 unique active wallets—but now it's preparing for the ISLAND token launch and airdrop. Nifty Island entered open beta at the start of the year as a sandbox-style title, letting players create and share their own game worlds (called Islands) to keep a potentially endless flow of fresh content on the platform. Since the play-to-airdrop campaign be...

by Ryan S. Gladwin · 4 min read

Nov 7, 2024

Markets

Whales Won Millions Betting on Trump, But 86% of Polymarket Traders Have Lost Money

Prediction market Polymarket shot to prominence amid the recent U.S. election, attracting monthly trading volume just shy of $2.5 billion in October with over $1.2 billion more already racked up in November. Some users made millions betting on the election—but ultimately, data suggests that most bettors have actually lost money using the platform to date. Polymarket has allowed users to bet on most events and cultural questions circulating this year, from who will win the U.S. Presidential elect...

by Ryan S. Gladwin · 4 min read

Nov 7, 2024

Technology

Magic Labs' Newton Launches to Unify Chains on Polygon AggLayer

Aiming to solve the growing issue of liquidity fragmentation across Ethereum-compatible networks, Magic Labs and Polygon Labs have teamed up to launch Newton, described as a “chain unification network." Newton is designed to boost interoperability across Polygon’s AggLayer, which connects layer-1 and layer-2 chains with shared liquidity. Magic Labs will deploy a wallet on Newton called Passport that lets users store and transfer various digital assets across various blockchain platforms with “si...

by Liz Napolitano · 2 min read

Nov 6, 2024

Markets

Mystery Prediction Market Whale Made $47 Million Betting on Trump

As Donald Trump prevailed at the ballot box Tuesday, so did several Polymarket users, who backed the former President’s White House bid to the tune of millions of dollars. Representing the blockchain-based prediction platform’s largest market by volume and open interest, Polymarket’s U.S. presidential election contest concluded Wednesday. Overall, the contest registered $3.6 billion in total trading volume before it resolved in Trump’s favor. With Trump projected to win the country’s popular vot...

by André Beganski · 3 min read

Nov 6, 2024

DeFi

Polymarket Resolves U.S. Presidential Election Market After $3.6 Billion Volume

Donald Trump is set to become the next President of the United States. Now, crypto prediction market Polymarket—which has seen its status supercharged by political betting—has resolved its flagship market on who would win the race—after seeing over $3.6 billion worth of volume. At the time of writing, there’s roughly an hour left in the Polymarket dispute window. During this time users have the opportunity to challenge the resolution. However, this seems unlikely as the clear “resolution source”...

by Ryan S. Gladwin · 4 min read

Nov 5, 2024

Markets

Election Day Surge Drives Polymarket to New Volume, Open Interest Records

With U.S. voters hitting the polls Tuesday, a flurry of bets in the twilight of the 2024 race pushed Polymarket’s total open interest to a record-breaking $463 million on Election Day. Representing the total value of positions held on the blockchain-based prediction platform, the measure had jumped 40% over the past week from $329 million, according to a Dune dashboard. Meanwhile, much of the platform’s activity had centered on America’s imminent choice between former President Donald Trump or V...

by André Beganski · 3 min read

Nov 3, 2024

Technology Guides

What Are Layer-2 Networks and Sidechains? Ethereum Scaling Explained

Blockchain infrastructure has evolved to encompass an ecosystem of layer-1 and layer-2 networks. In this article we’ll explore the difference between the two, and how layer-2 networks and other scaling methods like sidechains attempt to address the scalability challenges of layer-1 blockchains. What are layer-2 networks? Simply put, layer-2 networks are blockchain networks that live atop a layer-1 network such as Ethereum, with the layer-1 network providing the base layer of infrastructure and s...

by Stephen Graves · 6 min read

Oct 29, 2024

Markets

Betting Markets: LA Dodgers Will Win—But Not Sweep—World Series

Bettors in the two biggest prediction markets covering the World Series—as well as the dominant sports book sites online—concur: The Los Angeles Dodgers will win the World Series. Polymarket and Manifold Markets give the Dodgers a 94% chance of winning the series, while BetOnline, an online gambling site based in Panama, shows the Dodgers favored to win with -2200 odds, compared to +1100 for the Yankees. FanDuel showed the Yankees as the underdog coming into game four with +1200 odds versus the...

by Jason Nelson · 3 min read

Oct 23, 2024

Markets

Kamala Harris Whale Shakes Up Polymarket Election Odds With $2 Million Position

Vice President Kamala Harris’ odds of winning the White House on crypto prediction market platform Polymarket rose Wednesday as a newly registered user backed her with millions of dollars. Since October 4, the once neck-and-neck Polymarket odds have increasingly tilted toward Republican Donald Trump, ascribing the former president a 66% chance of victory as of Tuesday. However, Trump’s Democratic opponent saw some gains, bringing his odds down to 63% for a second term. Conducting their first tra...

by André Beganski · 3 min read

Oct 22, 2024

Business

Mark Cuban Dismisses Polymarket Election Odds as Result of 'Foreign Money'

Billionaire investor Mark Cuban has dismissed the usefulness of the decentralized prediction market Polymarket when it comes to predicting the 2024 U.S. presidential election winner. “From all indications, most of the money coming into Polymarket is foreign money, so I don’t think it’s an indication of anything,” he said in an interview with CNBC Squawk Box. Polymarket’s odds give Donald Trump a 64.1% chance of defeating Vice President Kamala Harris, with the Democratic candidate sitting at 36....

by Will McCurdy · 2 min read

Oct 17, 2024

Business

Galaxis Teams Up With TV Show ‘Killer Whales’ to ‘Empower Creators’

Galaxis, a Web3 SocialFi platform designed to create “unstoppable communities,” has announced a partnership with Web3 entertainment ecosystem HELLO Labs to “empower creators” through high-stakes crypto reality show “Killer Whales.” The collaboration, which will see Galaxis sponsor “Killer Whales” Season 2 and beyond, will provide the firm with a “global platform” to showcase how creators can "leverage our Web3 infrastructure to build unstoppable, decentralized communities,” Galaxis CEO Gergely F...

by Decrypt Staff · 3 min read

Oct 17, 2024

Business

US Presidential Election Tops $2 Billion in Betting Volume on Polymarket

Crypto prediction market platform Polymarket has amassed more than $2 billion worth of betting volume to date for its market focused on the winner of the upcoming U.S. presidential election, with the tally doubling in less than a month. A prediction market on whether Democratic nominee Kamala Harris or Republican nominee Donald Trump will take the White House has amassed nearly $2.05 billion in betting volume as of publication time, Polymarket data shows. Trump has a 62% chance of defeating his...

by Liz Napolitano · 2 min read

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