The MATIC token is available on well-known centralized and decentralized trading exchanges, such as Bybit, Coinbase and Kraken. Since its rebranding in February 2021, MATIC has seen a substantial increase in value due to an uptake in its usage rates. MATIC tokens can be used for payments or stored securely to protect the Polygon network. MATIC is the native token of the Polygon platform. Its ultimate goal is to eliminate the technological and ideological differences that separate most existing blockchains. Polygon envisions the possibility of individual blockchains exchanging value and information freely and easily. The platform provides an easy-to-use framework that allows developers to create custom Ethereum-compatible blockchains with a simple click. Polygon aims to create 'Ethereum's internet of blockchains' - essentially, a multi-chain ecosystem of Ethereum-compatible blockchains. While Matic Network was a Layer 2 scaling solution for Ethereum, Polygon features the infrastructure necessary to support a network of collaborative and self-sovereign blockchains. Polygon was initially named “Matic Network.” As the project's scope expanded, however, it was rebranded to “Polygon,” a name many crypto enthusiasts today are familiar with. It helps solve key challenges faced by Ethereum, such as low transaction throughput, high fees and poor user experience. Polygon is a scaling solution that offers tools for increasing the speed on the blockchain, while decreasing the cost and complexity of transactions.

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