Polygon
MATIC
$1.01

Sector

Layer 2

Exchange Debut

2019-09-01

Market Cap

9,407,239,632

Maxim Supply

10,000,000,000

Circulating Supply

9,282,943,566

Circ. Supply(%)

92.83%
Polygon

Polygon

MATIC

Price

$1.01

Market Cap

Sector

Exchange Debut

9,407,239,632
2019-09-01

Volume 24h

High 24h

Low 24h

454587747
1.052227569955
0.989852621245

Change 24h

Change 7d

Change 30d

-3.691
4.8791
27.5239

Maxim supply

Circulating supply

Circulating supply(%)

10,000,000,000
9,282,943,566
92.83%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Polygon cryptocurrency:

Polygon, once known as Matic Network, stands out as an innovative Ethereum scaling solution, striving to shape Ethereum into a versatile multi-chain system, often likened to Polkadot and Cosmos. Backed by giants like Binance and Coinbase, Polygon blends the Plasma framework with a proof-of-stake architecture, paving the way for scalable smart contracts. The platform’s deep commitment to fostering a thriving ecosystem, combined with its foundational robustness, reflects in its commendable score of 8.37 out of 10 in a fundamental analysis of the Polygon cryptocurrency.

SOCIAL & MASS MEDIA: Score 8.5 out of 10

Polygon has made significant strides in social and media engagement. The project has demonstrated a robust presence in the media with a perfect score of 10. Similarly, its community activities and the size of its chat groups have reached peak scores. However, there’s potential for improvement in its ability to attract followers and in the activities of its social media administrators.

AUDIT & SECURITY: Score 8.73 out of 10

On the audit and security front, Polygon has displayed transparency and passed audits with commendable scores, ensuring users of its reliability. The perfect score in liquidity on exchanges further underscores its standing in the market. As part of our fundamental analysis of the Polygon cryptocurrency, it’s evident that its commitment to security is unwavering.

TOKENOMICS: Score 8.3 out of 10

Token economy plays a pivotal role in assessing the potential of a project. While Polygon’s inflationary metrics are impressive, there’s a mild concern regarding the centralization of its monetary mass.

ECOSYSTEM DEVELOPMENT: Score 7.8 out of 10

Polygon has consistently met its objectives and shows promise in introducing new developments. As ecosystems grow, maintaining this trajectory will be pivotal for long-term success.

TEAM & DEVELOPERS: Score 7.3 out of 10

An experienced team backs Polygon, as highlighted in our fundamental analysis of the Polygon cryptocurrency. While the team’s experience is commendable, the number of software developers indicates potential areas for growth and expansion.

PRODUCT & UTILITY: Score 9.2 out of 10

One of Polygon’s strongest suits is its product utility, scoring a perfect 10. The utility of tokens within its ecosystem is also notable, though there is always room for enhancement.

PARTNERS & INVESTORS: Score 8.5 out of 10

Last but not least, Polygon boasts influential investors and partnerships, strengthening its position in the crypto arena. With top-tier investors and a strong lineup of partners, its potential for growth remains significant.

Fundamental analysis of the Polygon cryptocurrency – The final conclusion

In light of the scores from our fundamental analysis of the Polygon cryptocurrency, it’s apparent that Polygon showcases immense potential as a cryptocurrency project. Its strengths lie in product utility, partnerships, and security. However, like all investments, there are inherent risks. The project could benefit from expanding its developer team and decentralizing its monetary mass. For investors, understanding these nuances is crucial. Given its achievements and the challenges ahead, Polygon represents a promising opportunity for those willing to navigate the intricacies of the cryptocurrency landscape.

The Polygon Network (formerly the Matic Network) is a structured and easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is the Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
Polygon PoS is one of the most widely used protocols in the world. The network has tens of thousands of dApps, over 3 million average daily transactions, and over $5 billion in secure assets and some of the top brands rely on it.
The $MATIC token will continue to exist and play an increasingly important role securing the system and enabling governance. Using Polygon, one can create optimistic rollup chains, ZK rollup chains, independent chains or any other type of infra requested by the developer.
Polygon efficiently transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is similar to others such as Polkadot, Cosmos, Avalanche, etc., with the advantages of Ethereum security, vibrant ecosystem and openness. Polygon (formerly Matic Network) is a Layer 2 scaling solution backed by Binance and Coinbase.
The project aims to drive mass adoption of cryptocurrencies by solving scalability issues across many blockchains.
Fundamental analysis of the Polygon cryptocurrency

Polygon - MATIC performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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