Matic Network (MATIC)

Tries to solve the Blockchain trilemma

#99

Marketcap Ranking

0.030300 (2.91%) arrow_drop_up

Market Price (24h change)

114,219,681

Total Market Cap

3.3

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info_outline What is MATIC

2.6

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MATIC Short Description

Matic Network is a Layer 2 scaling solution that achieves scale by utilizing sidechains for off-chain computation, while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators. Matic aims to be the de-facto platform on which developers will deploy and run decentralized applications in a secure and decentralized manner. Matic Network has been a significant contributor to the Ethereum ecosystem having worked on implementations of Plasma MVP (Minimum Viable Plasma), WalletConnect protocol and the popular Ethereum event notification engine - Dagger.

Matic intends to provide Matic wallet, payment APIs and SDKs, products and other enabling solutions that will allow developers to design, implement and migrate DApps built on base platforms like Ethereum. Matic plans to support other blockchains in the future which will enable it to provide interoperability features alongside offering scalability to existing public blockchains. Key things Matic wants to do:. - Solve scalability by providing Layer 2 solutions.

- Application platform for DApp developers on Matic (Like Stripe for DApps/payments). - Provide assets interoperability for DEXs like 0xprotocol and other DApps. - Better UX/UI for mass adoption while having better security and scalability..

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MATIC Explanation Video

Why Matic Network will reach $4 per token Next Bullrun | Brendan Skousen

Deep dive into fundamental analysis of Matic and price predictions. I specialize in forward thought, finding the best of the best projects before they become ...

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Screenshot from Website

matic.network
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Organization: Unknown
Name: Unknown
Country: Unknown
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Zipcode: Unknown
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Mail: Unknown
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build MATIC Product Analysis

4.6

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MATIC Whitepaper

Matic Network brings massive scale to Ethereum using an adapted version of Plasma with PoS based side chains.


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MATIC Competitors

  • 1.) KuCoin Shares

    Kucoin shares are used for collecting fees from participants of the Kucoin exchange, holding it, gives a holder dividend-like rewards.

  • 2.) Elcoin

    Elephant Platform Announces Ethereum-Based Cryptocurrency elCoin

  • 3.) TopChain

    Topchain is the world’s leading brand in the gaming blockchain, reshaping the game industry structure with decentralized concept to create a global de-centralized gaming ecosystem.

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MATIC Product Analysis

The exact founding date of Matic Network is unfortunately not that clear. Its source code was released publicly on github on November 2017 under the GNU General Public License v3.0 license.
Organization wise, Matic Networks Development is Centralized and is being developed under the lead of Sandeep Nailwal.

The consensus on which the Matic Network network is run is called Not mineable, while the underlying algorithm is called None.
In the current state of Matic Network currently is On-going development

group MATIC Community Analysis

2.0

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MATIC Communities & Events

There is no official MATIC-subreddit yet

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There is no official Telegram Channel for MATIC yet

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Official Twitter account for Matic Network

view_list @maticnetwork Channel
person 48,527 Followers
08.17.2020
12:32
We’re excited to host #DeFi leaders @AaveAave for our next Masterclass, powered by @Devfolioco! Aave Software Engineer @daveytea is joining us to discuss the DeFi revolution in a session entitled ‘DeFi on Ethereum’. 📅August 20, 8:30 PM IST 🌐Register: https://t.co/l10Enq3A6q https://t.co/MOi7FsqsML 69 favorite
08.15.2020
09:21
MahaDao which is a MakerDAO fork is building a stablecoin $ARTH for Indian Defi Ecosystem As a part of our upcoming DeFi push, we are happy to announce a special campaign to support Indian Defi Projects. #InDeFi 🚀🚀🚀 https://t.co/PxBWMJ5tej 214 favorite
08.15.2020
09:04
With #DeFi on the rise, Ethereum users have experienced a dramatic increase in transaction costs. Matic is here to offer a solution. DApps on Matic Network benefit from: 1️⃣ 7200+ TPS 2️⃣ Gas fees less than 1/1000th the cost on the Ethereum mainchain 3️⃣ Suite of dev tools https://t.co/ti9DHfrmAB 245 favorite
08.15.2020
08:00
1/ India’s largest exchange @WazirXIndia to launch an automated market maker (AMM) #DeFi protocol on Matic Network!🤝 The AMM DEX will enable users to swap crypto assets and earn fees by providing liquidity. 🌐Read more: https://t.co/iFkxyRngS0 https://t.co/2PSqXPCX04 445 favorite
08.15.2020
07:51
Happy Independence Day to our Indian supporters!🇮🇳 Today India celebrates its 74th Independence Day. This is a time to not only celebrate freedom & peace but also to think about building a prosperous future. Wishing you all the best from Matic Network! #JaiHind #VandeMataram https://t.co/NIATKiddn0 121 favorite
08.14.2020
13:57
We are starting the AMA in 5 minutes. Don't miss out! Join us in our telegram group: https://t.co/i2TDCdRvgj https://t.co/HN4pQqcOMi 72 favorite
08.14.2020
11:19
Gamers, don't forget to tune into today's Masterclass!🎮 @BlockadeGames' CEO @coin_artist will be joined by fellow Co-Founder @cybourgeoisie, to discuss ‘How Blockchain is Transforming Online Gaming’. 📆 Today, August 14th, at 10 PM IST 🌐 Join here: https://t.co/hMKuiYWNWW https://t.co/pfgk5chn47 76 favorite
08.14.2020
08:40
🙋‍♂️Mark your calendars for our AMA with @BlockVigil's CEO, @SwaroopH, today at 7.30 PM IST! Swaroop will be discussing MaticVigil, their new DApp creation solution #PoweredByMatic. Join us to learn about why MaticVigil is poised to be so impactful! https://t.co/DKLj5Ce5NS 92 favorite
08.13.2020
17:35
🔉Attention Matic mainnet Validators running full nodes: Bor upgrade required. We have recently upgraded our Bor version on the mainnet, containing additional opcodes. For more information, please join our Discord group: https://t.co/Uo0DOdU4et https://t.co/z3wEktq2B5 130 favorite
08.13.2020
15:50
Announcing MaticVigil by @BlockVigil🛠 MaticVigil allows developers to quickly deploy and build on smart contracts on Matic Network with minimal knowledge of the Ethereum VM or Solidity, unlocking blockchain innovation for mainstream devs. 🌐Read more: https://t.co/QeIhtQwcmR https://t.co/8QbJcfTuhW 136 favorite

There are no events for Matic Network in the next 3 Months

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MATIC Google Trends


The Google Trends chart displays the search interest on google in Matic Network relative to its peak over the last year. A rising chart shows growing interest int he project.

code MATIC Development Analysis

4.0

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MATIC Github Analysis

Code Updates (Commits)


Every change to the codebase of Matic Network is registered as a commit. More active projects have many commits, dead projects nearly none.

Code line changes (+/-)


Extending a project results in many new lines of code. Changing existing code results in nearly the same amount of additions and deletions. Projects that are growing show a large number of code additions with relatively few deletions.

Programming languages

Repository Numbers

star 84 Stars
remove_red_eye 25 Watchers
usb 40 Forks
sync_problem 12 Open Issues
border_color 17.44 % Comment Coverage
lock_open GNU General License

attach_money MATIC Price Analysis

4.6

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MATIC Price Prediction

$ 0.031952 (4.94%) arrow_drop_up

Predicted USD Market Price in 24h by Coinpaper

$ 0.037945 (24.63%) arrow_drop_up

Predicted USD Market Price in 14d by Coinpaper

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Converter MATIC - USD

Convert between MATIC and USD with the live Matic Network prices, aggregated from all big exchanges that trade Matic Network.


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Market insights

Volume from exchanges is considered untrusted if the exchange has little reputation and no License but reports suspiciously high trading volume in particular coins.

account_circle MATIC Team Analysis

4.8

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MATIC Team

MATIC Team Leader

Jaynti Kanani - Co-founder & ceo
Core contributor for the first Plasma MVP implementation. Wrote the first Node implementation of the original Walletconnect protocol. Contributed to Web3 and developer ecosystem tools like sol-trace. Previously Data Scientist with Housing.com


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MATIC Team Members (11)

Sandeep Nailwal

Co-founder & coo

Anurag Arjun

Co-founder & cpo

Siddharth Jain

Vp - operations & marketing

Delroy Bosco

Project manager

Nirbhik Jangid

Community manager

Bhavir Shah

Head, engineering

Vaibhav Chellani

Blockchain engineer

Ashish Rajpurohit

Blockchain engineer

Arpit Agarwal

Blockchain engineer

Sayli Patil

Application engineer

Vishal Gupta

Devops engineer

compare_arrows MATIC Exchanges

MATIC Markets

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# Exchange Pair Price 24h Volume Trusted
# 1 Binance MATIC/USDT $ 0.029997 $ 12,595,463 check
# 2 Binance MATIC/BTC $ 0.030009 $ 11,251,441 check
# 3 Binance MATIC/BUSD $ 0.030032 $ 379,678 check
# 4 Binance MATIC/BNB $ 0.030042 $ 273,090 check
# 5 Bilaxy MATIC/USDT $ 0.030197 $ 1,024,076 clear
# 6 BitMax MATIC/USDT $ 0.030020 $ 240,334 clear
# 7 BitMax MATIC/BTC $ 0.030128 $ 30,649 clear
# 8 Hotbit MATIC/USDT $ 0.030082 $ 10,411 clear
# 9 Binance DEX MATIC/BNB $ 0.030903 $ 1,195 clear
# 10 Catex MATIC/ETH $ 0.030649 $ 76 clear

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