Polygon (formerly Matic Network) is a core second-layer scaling solution in the Ethereum ecosystem, enhancing transaction efficiency and reducing costs through sidechain technology. Its core architecture includes Polygon The SDK development kit supports developers in building customized blockchains compatible with the Ethereum Virtual Machine (EVM), covering various scaling modes such as ZK Rollups, Optimistic Rollups, and independent chains. The MATIC token serves as the native token of the network, fulfilling three major functions: paying transaction gas fees, participating in Proof of Stake (PoS) consensus staking, and on-chain governance voting. The current circulation is 10.42 billion tokens, with a total supply cap of 10 billion tokens, achieving a fully circulated state.
In recent years, Polygon has become the preferred infrastructure for DeFi protocols (such as Aave) and top enterprises (such as Starbucks’ NFT loyalty program and Adidas’ digital goods) due to its low fees and high throughput (theoretical peak of 65,000 TPS), gradually building a multi-chain interoperable ecosystem.
As of July 7, 2025, the real-time price of MATIC is $0.1838, down 1.1% in the past 24 hours, with a market capitalization of $2.48 billion, ranking 43rd globally in cryptocurrency. The short-term price is fluctuating in a narrow range of $0.1800 - $0.1840, showing a tug of war between bulls and bears on the technical front:
On-chain data shows that whale activity has been frequent recently: a giant whale deposited 5.64 million MATIC (approximately 2.28 million USD) into an exchange, with a potential loss of 1.32 million USD; at the same time, an address associated with the Polygon Foundation transferred 13.14 million tokens to another exchange address, raising concerns about selling pressure in the market. Currently, the 24-hour trading volume of MATIC is 129.53 million USD, an increase of 3.9% from the previous day, reflecting a rebound in market activity.
Analysts have significant divergence regarding the medium to long-term trend of MATIC, but there is a general consensus on the positive impact of its technological upgrades and increased adoption rates:
The technical indicators are currently bearish: the 14-day RSI is at 43.74 (neutral), and the 200-day SMA is suppressed at $0.295. According to institutional forecasts, CoinCodex’s target for 2025 reaches $3.56, higher than the Cryptopolitan model.
Polygon’s future growth is anchored on three core strategies:
If the regulatory environment remains stable and AggLayer achieves seamless multi-chain interaction, Polygon is expected to become Web3 The core layer of infrastructure reshapes the competitive landscape of Ethereum’s scalability.