Get a better idea of what to HODL and what to let go
The MATIC token is the native digital currency of the Polygon Network. Formally the Matic network. Polygon is a Layer-1, EVM compatible scaling solution for Ethereum that found significant traction in the DeFi and Gaming categories throughout 2021.
Ultimately, dapps on the Polygon Network are powered by MATIC, where it’s used to fund transactions and offer the same services as Ethereum dapps for a fraction of the cost. At the height of the bull run in 2021, MATIC and The Polygon Network were buoyed by overly high gas fees on Ethereum forcing users to look elsewhere, further helped by a sudden spotlight on NFTs and play-to-earn games.
Put bluntly, Polygon is essentially a poor man’s Ethereum. This is certainly not a bad thing to be when the mainstream crowd looks for fast and cheap transaction fees, and devs are looking for scalability, speed, and security for their dapps. This blockchain fills a gap for the Ethereum…
