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| Polygon 
| #MATIC
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| MATIC Price: | $0.67 | | Volume: | $10.5 M | | All Time High: | $2.92 | | Market Cap: | $1.8 B |
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| Circulating Supply: | 2,693,751,723 |
| Exchanges: | 32
| | Total Supply: | 9,971,951,070 |
| Markets: | 71
| | Max Supply: | — |
| Pairs: | 68
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The price of #MATIC today is $0.67 USD.
The lowest MATIC price for this period was $0, the highest was $0.674, and the current live price for one MATIC coin is $0.67375.
The all-time high MATIC coin price was $2.92.
Use our custom price calculator to see the hypothetical price of MATIC with market cap of SOL or other crypto coins. |
The code for Polygon is #MATIC.
Polygon is 5.6 years old. |
The current market capitalization for Polygon is $1,814,908,271.
Polygon is ranked #73 out of all coins, by market cap (and other factors). |
There is a large daily trading volume on #MATIC.
Today's 24-hour trading volume across all exchanges for Polygon is $10,457,124. |
| The circulating supply of MATIC is 2,693,751,723 coins, which is 27% of the total coin supply. |
How Zero Knowledge Proofs, Aggregation Layers, and Light Nodes Can Improve Web3 Experience and…
How Zero Knowledge Proofs, Aggregation Layers, and Light Nodes Can Improve Web3 Experience and Structure? - — A Deep Dive Into Web3 Infrastructural Needs For A Decentralized, Censorship-Resistant, Secure, and Private Future. — In the great crypto circus, liquidations and Chapter 11 filings have become so common that people consider them almost synonymous with cryptocurrencies. But is that really the case? All of the multi-billion dollar hedge funds, firms, market makers, and trading exchanges that went bankrupt had one thing in common — opacity in their balance sheets enabled by an opaque ‘centralized’ system rather than a system of transparent ‘decentralized’ ledgers. To create truly decentralized, accessible, self-custodial, and censorship-resistant systems that can withstand attacks and fraud, we need more than a system of conventional settlement layers. This research explores the intricacies of Web3 infrastructure or middleware to identify existing challenges and future opportunities. We shed light on the utility of aggregation layers; various types of nodes; and Zero Knowledge Proofs (ZKPs) to further the mission of decentralization across the crypto ecosystem. This research is carried out and authored by 0xlol, and edited by ThePsychGuy. They can be reached on Twitter at 0xlol and ThePsychGuy respectively. — tldr; - A robust and resilient Web3 Infrastructure is necessary to sustain decen... 
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Best Practices for Building Decentralized Option Vaults
Some Suggestions on Building the Crypto Structured Products in Best Possible Way! Decentralized Options Vaults (DOVs) are structured products offered on-chain, closely related to TradFi counterparts that combine several financial instruments to create a whole new payoff curve. The core function of DOVs is to use investors’ capital and employ options trading strategies in a completely automated and decentralized manner. These strategies may include covered calls, protective puts, or straddles. Before DOVs, option strategies were only available to accredited investors through over-the-counter (OTC) trading or by self-execution on option exchanges like Deribit or FTX. DOVs allow their investors to earn true return on investment (ROI), not just passive income from liquidity provision. The capital is being actively invested in trading strategies, and is independent of the amount of trading being conducted i.e. there is no token “yield” in the traditional DeFi sense. From scratch, DOVs have grown exponentially to become the dominant part of the ~$1 Billion DeFi option TVL, with notionals trading in billions of dollars every month.Picture Source: Ledger Prime Over the past several months, DeFi ecosystems across different blockchains have witnessed a massive surge in new projects focused on structured product vaults with the objective of offering users sustainable yield. Given the infancy of these popular products, we aim to...
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What’s Up With DeFi Before Merge?
A Compilation of all the Important Findings from Different DeFi Forums. — The Ethereum Merge is a cryptocurrency event that will significantly change the way Ethereum operates. With this hard fork, Ethereum will operate on a new consensus mechanism “Proof of Stake (PoS)” from the originial “Proof of Work (PoW)”. It will also have an impact on the narratives surrounding ETH. The debate on ETH’s eco-friendliness shall take a new turn making it more ESG compliant, along with its utility as a long term debt (if you consider it as a bond). In this article, we shall cover the important proceedings taking place at various decentralized finance (DeFi) governance forums. We will not go into the intricacies of the merge as there has already been a considerable amount of debate and writing on the topic. This article is based on findings by our DeFi researchers Akhil Vajjhala and Jack, and has been edited for relevancy and readability by 0xlol. — Some Useful Resources to Learn about the Intricacies of ETH Merge: - On the Merge. Quick Takes | by Amber Group What to Expect from Ethereum’s Merge Upgrade | Galaxy — Engineering a new economic paradigm. A Step-By-Step Overview of Ethereum’s Merge Upgrade and Associated Risks | Galaxy ETHEREUM MERGE — The Most Anticipated Event In Crypto Explained — Lido - Lido offers liquid staking for ETH holders who wish to earn yield on staked ETH2.0, but do n...
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Decentralized Social Media: The Future of Connections or an Unnecessary Niche?
People increasingly rely on social media for news, publication, and entertainment. However, centralized players such as Facebook, Tiktok, and Twitter have come under fire for exploiting users’ data and biased moderation. Web3 solutions have entered the space and competing decentralized social media platforms are now vying to solve this 21st-century problem. With scalability and mass adoption obstacles, questions surround the possibility of a great transition to decentralized social media. — Where are we now? - Today, there are roughly 3.8 billion social media users, and with the proliferation of cheaper mobile devices worldwide, the number of users expands yearly.Source: Statista While a part of everyday life, social media in its current form is almost as addictive and toxic as it is beneficial. Existing networks face criticism about biased moderation, exploiting user data, addictive algorithms, and siloed ecosystems. Truly ‘fixing’ social media requires a complete paradigm shift, and decentralized social media solutions are the closest we’ve come to a truly democratized social sphere. — Reimagining Social Media from the Ground Up - While web2 companies focus on social media as a single product, web3 expands the idea of social networks into multiple layers. The base layer is a social graph: it maps profiles, followers, and their connections. Next is the app layer, where users can consume content and in...
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Black Scholes Merton Model to Price DeFi Options (Part -2): Analyzing the Pricing ‘Systems’
A Systems Review of Adjustments Made to Black Scholes Merton Model by Various DeFi Protocols. — In part -1 of this research series, we tried to analyze the various problems associated with the Black Scholes Merton Model’s (BSMM) assumptions as well as certain associated fractals. Now we will analyze how such problems are being solved in practical environments. It must be noted that it’s not appropriate to study a ‘mathematical model/equation operating in an engine’ as an ‘isolated entity’. This equation/model gets impacted, as well as impacts other parts of the system, and hence a ‘systems overview’ is required to get a comprehensive evaluation. Through this article, we 0xlol and Akhil Vajjhala try to investigate the adjustments made to standard BSMM by DeFi Protocols to increase its accuracy in pricing option positions on the blockchain. You can connect with us on twitter at 0xlol and Akhil.Summarizing Part — 1Read part -1 here BSMM is based on the concept of dynamic replication of a portfolio such that the price of a derivative should be equivalent to the cost of replicating this portfolio. The model theoretically estimates the price of European-style options on a stock/asset that doesn’t pay any dividends (during the lifetime of that option). It takes into account certain assumptions which makes it ‘kind of’ unfit to price on-chain options. The model assumes that this portfolio can finan...
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Black Scholes Merton Model to Price DeFi Options (Part 1): A Tale of The King with Torn Clothes
A Deep-Investigation into Suitability of Black Scholes Merton Model with DeFi Options. — So, let’s suppose, you are an aspiring options buildoor. You are excited about your hand-crafted option contracts trading on the blockchain one day. But you don’t know how to price your DeFi options. What do you do? You go ahead and look for some popular pricing mechanisms. One fine day, under an apple tree, in a garden full of butterflies and velvet flowers, you come across the Black Scholes Merton Model, which immediately sends you in a state of epiphany. You are excited about using a valuation model for on-chain price discovery! Epiphany fades, and the realization hits. Realization of it not being perfect for DeFi, and the blockchain infrastructure. Realization that the model’s assumptions are not in line with the blockchain’s intricacies. What adjustments do you gotta make now? Through this article, we 0xlol and Akhil Vajjhala try to investigate the appropriateness of the Black Scholes Merton model (crafted for ancient traditional financial markets) in the context of decentralized finance (built on advanced blockchain technology). You can connect with us on twitter at 0xlol and Akhil.Before getting started, if you would like a quick review of on-chain or DeFi Options ecosystem, you can read our research article here.Black-Scholes-Merton ModelIf you are aware of Black Scholes’ intricacies, then you can skip this secti...
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The Benevolent Dictator
A case study into the revival of ve(3,3). — Power corrupts; absolute power corrupts absolutely. This adage holds true in politics, but what about in a decentralized, trustless financial system? Can dominating powers use their influence for good, or are they destined to fall from grace like so many past leaders? This research article by Jack McCarthy attempts to see if smart contracts and DAOs can be the secret weapon needed to fight against corrupted despots. The one exception to the absolute power sterotype is that of a “Benevolent Dictator.” Throughout history these leaders have wielded absolute political power, yet ruled for the benefit of the population as a whole. These rulers, while autocratic, tend to produce economic and cultural prosperity. Take for example, Lee Kuan Yew, who along with the People’s Action Party ruled over Singapore from 1959 until 1990. Following the Island’s independence in 1965, under Yew the country rapidly grew from an agrarian society into one of the 4 Asian Tigers and now has the second highest GDP per capita in the world.The Country So what country does the benevolent dictator rule in this story? Dystopia Swap. A ve(3,3) decentralized exchange (dex) that improves upon all of Solidly’s downfalls. Different from other ve-dexes like Curve, Dystopia offers swaps for both stable and volatile token pairs. Meaning in one place, you can provide FRAX-WETH in a Uniswap v2 style AMM and...
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The Crypto Loan Economy
A deep-dive into the Undercollateralized Crypto-Lending Ecosystem. — Overcollateralized lending is a popular form of loan in crypto. It is a great option for individuals who need exposure to new assets without selling their current position. Here, a question arises: in a world plagued by income disparity, how does overcollateralization fulfill the very purpose of taking a loan? Besides the issue of issue of capital efficiency, overcollateralization prevents one from accessing cheap capital to achieve their financial goals. Meanwhile in a trustless financial system, undercollateralization is only going to make your liquidity providers poor. So what’s the solution? This research article is a collaborative effort of Jack and 0xlol for Polygon, who can be reached on twitter at Jack and 0xlol. Humans have been involved in the lending-borrowing dynamic from time immemorial. Earliest examples can be traced back to 2000 BCE Mesopotamia, where farmers borrowed seeds and animals to generate agricultural yield. Such social dynamics introduced the complexity of trust and risk, but opened up the horizon for a quantum leap in economic growth. Those with wealth found a new mechanism for earning yield on their assets and those who lacked wealth gained the ability to borrow it and produce their own wealth. Simple, but nothing short of genius! Leverage is the cornerstone of entrepreneurship and creation, allowing individuals to take o...
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DeFi vs. Goliath
Can Decentralized Finance Survive the Inevitable Battle with Central Bank Digital Currencies?. — As central banks sound the alarm against decentralized finance (DeFi) and its currency (stablecoins), a new David vs. Goliath battle is catching fire. While the former has the advantage of regulation, institutions, and government oversight, the latter has decentralization and a community built against the overreach of government. As central bank digital currencies (CBDCs) take economies by storm, can the DeFi survive? This article has been written in collaboration with Tommy La for Polygon, you can connect with us on twitter at Tommy La and 0xlol.This article was originally published at https://medium.com by @0xlol on April 14, 2022. In the Biblical story, champion fighter Goliath decimated the armies of Israel. His strength was unmatched, leaving only death in his wake. As he destroyed David’s homeland, David took the mantle to challenge him. Armed with the inferior weapons of a simple shepherd — a slingshot — but empowered by unique combat strategies, David killed the “invincible” Goliath. Often, David’s Biblical victory over Goliath is seen as an exception, an abnormality in a world where Goliaths always seem to win. In a society where the “little guy” always seems to lose, the tale of a shepherd whose five smooth stones topple a giant seems increasingly out of reach. Today, a new ‘David vs. Go...
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A Game of Premiums Through A Myriad of Complexities! — A Deep-Dive into On-Chain Option Protocols
A Game of Premiums Through A Myriad of Complexities! — A Deep-Dive into On-Chain Option Protocols — Are Decentralized Derivative Markets the New Meta?. — On-chain derivatives are a tough nut to build. From pricing mechanisms to assimilation of collateral in the engine — everything has to be done in a sophisticated manner to ensure liquidity in the system. The work doesn’t end at maintaining liquidity, you have to keep it from getting fragmented. Market sentiments go south, and that fragmented liquidity blows your system out of proportion into an absolute chaos! So what do you do as a protocol? You go ahead and lock it for the time being. But what about your liquidity providers? As an LP or an options writer, your time is running, and your capital keeps accruing an opportunity cost. There’s nowhere to go, your precious collateral is at the risk of those positions being exercised at in-the-money! But wait, this sounds confusing right? So how does one figure out a way through rabbit-hole of on-chain options? Before we move forward, you can connect with me on twitter at 👉 0xlolEntering the Rabbit Hole… To dig into this hole deeper, we have to first make an effort to understand what actually are ‘options’, and are they really worth our time? Option contracts are one of many types of derivatives. So, what’s a derivative? Derivatives are financial instruments, which in the form of contracts d...
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Crypto Coin Prices and News 