MATIC Blockchain Explorer
blog

What Is MATIC (Polygon)?

MATIC is the native token of the Polygon network, one of the most widely used Ethereum-compatible scaling solutions in the blockchain industry. Originally launched as the Matic Network in 2017, the project rebranded to Polygon in 2021 and has since become a leading hub for DeFi, NFTs, and Web3 applications requiring fast, low-cost transactions.

What is MATIC Polygon

Key Facts About MATIC and Polygon:

  • Polygon PoS is an EVM-compatible sidechain secured by a delegated Proof-of-Stake consensus
  • MATIC (now migrating to POL) is used to pay gas fees and participate in staking
  • Total supply of MATIC is 10 billion tokens
  • Polygon processes blocks approximately every 2 seconds
  • Compatible with all Ethereum wallets including MetaMask

Polygon has grown from a simple scaling solution into a multi-chain ecosystem. The MATIC Blockchain Explorer gives you a window into all the activity taking place across the Polygon PoS chain.

— maticblockchainexplorer.com

MATIC Token Migration to POL

Polygon announced the migration of the MATIC token to a new token called POL as part of the Polygon 2.0 upgrade. The migration is designed to expand the token's utility beyond simple gas payments, making POL the staking and governance token for the broader Polygon network of chains. The MATIC Blockchain Explorer tracks both MATIC and POL on-chain activity.

How to Use the Polygon Network

  • Add the Polygon network to MetaMask using the official RPC details
  • Bridge assets from Ethereum mainnet using the Polygon Bridge
  • Use the same 0x address you use on Ethereum to receive MATIC and tokens
  • Track all activity on your Polygon address using the MATIC Blockchain Explorer