Polygon Price

Coin Prices

ZRX

$0.34109

6.13%

Price data by

DecryptCoinsPolygon

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Polygon

matic

$0.315

3.56%

Smart Contract Platform

BNB Chain Ecosystem

Polygon Ecosystem

Harmony Ecosystem

24-Hour Range

$0.299

$0.315

Low

High

Market Cap (Mcap)

Rank

#150

Mcap

$562.96M

Fully Diluted Mcap

$3.16B

Supply

Circulating

1,783,451,941

Total

10,000,000,000

Created On

N/A

All Time High (ATH)

ATH

$2.92

ATH Change

-89.19%

ATH Date

Dec 27th, 2021

Total Value Locked (TVL)

TVL

$5.24B

MCap to TVL Ratio

0.11

FDV to TVL Ratio

0.6

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Learn about Polygon

What Are Prediction Markets? Understanding How MYRIAD Works

On-chain prediction markets such as MYRIAD have rapidly gained traction in recent years. Here’s how they work.

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.

Polygon News

Dec 13, 2024

Profiles

Decrypt's 2024 Person of the Year: Polymarket CEO Shayne Coplan

Four years ago, he was just another callow entrepreneur, hacking away in a makeshift bathroom office at his passion project—a prediction market that would blend gambling with real world events. This year that project, Polymarket, emerged as one of the most interesting and potentially valuable use cases in the burgeoning crypto industry. Shayne Coplan’s blockchain-based prediction platform captivated bettors and spectators alike this year. With each twist and turn in the 2024 U.S. presidential ra...

by André Beganski · 10 min read

Dec 11, 2024

Health

Millionaire Biohacker's Nighttime Erections Fuel Rising Prediction Market Bet

There’s a new Polymarket bet for how long Bryan Johnson’s penis stays erect during nighttime. The antics of a man who injected his teenage son's blood into his veins and underwent “penis rejuvenation therapy” has been a persistent topic on the prediction market—or more precisely, his penis has. “This market will resolve to ‘Yes’ if Bryan Johnson sustains a nighttime erection for 2 hours and 12 minutes or more based upon the highest of three readings taken during the last week of December 2024,”...

by Jose Antonio Lanz · 4 min read

Dec 8, 2024

Gaming

This Week in Crypto Games: $250K Pokémon Card Auction, 'Pixels' $4M Competition, 'Nifty Island' Token Date

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tid...

by Ryan S. Gladwin · 4 min read

Dec 6, 2024

Gaming

Ultra-Rare Pokémon Card Valued at $250K Going on Auction via Ethereum Network Polygon

A pristine, first-edition, shadowless Holographic Charizard Pokémon card from 1999 is going up for auction Friday, tokenized via Ethereum scaling network Polygon and auctioned by collectibles platform Courtyard. Polygon Labs and Courtyard have teamed up to tokenize the PSA 10-graded card, securely stored in a Brink's vault, with an estimated value of $250,000. The 30-day online auction aims to demonstrate blockchain's potential in the collectibles market, the companies said. "This auction isn't...

by Andrew Hayward · 2 min read

Dec 5, 2024

The Projects

What Are Prediction Markets? Understanding How MYRIAD Works

Decentralized prediction markets such as MYRIAD, launched by Decrypt and Rug Radio, have rapidly gained traction in recent years, enabling users to bet on the outcomes of events such as the U.S. Presidential election. So what are decentralized prediction markets, and how do they differ from conventional prediction markets? Read on to find out. What are prediction markets? Prediction markets have existed in one form or another since the 16th century. They allow users to speculate and bet on the o...

by Reza Jafery, Stephen Graves · 5 min read

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