MATIC to GBP Live Price Converter
Polygon (formerly known as Matic Network) is a Layer 2 scaling solution and a blockchain project that’s built as a sidechain to Ethereum. Polygon is based on the Polygon SDK, a modular, adaptable framework that can be used to create a wide variety of apps. Because of Polygon, Ethereum can function as a true multi-chain platform (aka the Internet of Blockchains). The system is similar to Polkadot, Cosmos, and Avalanche but comes with Ethereum’s security, transparency, and thriving ecosystem.
Polygon also combines the Plasma Framework and the proof-of-stake (PoS) blockchain architecture. Unlike traditional proof-of-work (PoW) blockchains, Polygon’s Plasma architecture could potentially host an infinite number of decentralized apps. So far, Polygon’s PoS-protected Ethereum sidechain has attracted over fifty dApps.
Polygon’s native token, MATIC, is an ERC-20 token that runs on the Ethereum blockchain. Users can pay in MATIC for transaction fees and services on Polygon or use it in settlement with other users.
Real-time MATIC Price Rates in GBP
MATIC Price Information
MATIC Live Data
The current MATIC price is £ 0.41, which is 3.82% change in the past 24 hours and -5.30% in the past 7 days. MATIC’s live market cap is £ 793M. The 24-hour trading volume is £ 6.9M.
The conversion rates are calculated using the Live MATIC Price Index along with other digital asset price indices. The MATIC/USD exchange rate is updated in real-time.
Bitsgap’s Polygon converter and crypto calculator is a good place to start following the MATIC market and other crypto markets' live updates.
MATIC Supported Exchanges
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The exchange rate of Polygon is increasing.
The current value of 1 MATIC is 0.41 GBP. Inversely, 1.00 GBP would allow you to trade for 2.46 MATIC, not including platform or gas fees.
In the last 7 days, the exchange rate has decreased by -5.30%. Meanwhile, in the last 24 hours, the rate has changed by 3.82%. This time last month, the value of 1 MATIC was 0.45 GBP, which is a 9.75% increase from where it is now. Looking back a year, MATIC has changed by -0.31 GBP.
MATIC to GBP
| Asset | Today at 02:15 PM |
| 0.5 MATIC | 0.2 GBP |
| 1 MATIC | 0.41 GBP |
| 5 MATIC | 2.03 GBP |
| 10 MATIC | 4.07 GBP |
| 50 MATIC | 20.33 GBP |
| 100 MATIC | 40.66 GBP |
| 500 MATIC | 203.32 GBP |
| 1000 MATIC | 406.64 GBP |
GBP to MATIC
| Asset | Today at 02:15 PM |
| 0.5 GBP | 1.23 MATIC |
| 1 GBP | 2.46 MATIC |
| 5 GBP | 12.3 MATIC |
| 10 GBP | 24.59 MATIC |
| 50 GBP | 122.96 MATIC |
| 100 GBP | 245.92 MATIC |
| 500 GBP | 1 229.59 MATIC |
| 1000 GBP | 2 459.18 MATIC |
Today vs. 24 hours ago
| Asset | Today at 02:15 PM | 24 hours ago | 24H Change |
| 0.5 MATIC | £0.2 | £0.2 | +3.82 % |
| 1 MATIC | £0.41 | £0.39 | +3.82 % |
| 5 MATIC | £2.03 | £1.96 | +3.82 % |
| 10 MATIC | £4.07 | £3.91 | +3.82 % |
| 50 MATIC | £20.33 | £19.55 | +3.82 % |
| 100 MATIC | £40.66 | £39.11 | +3.82 % |
| 500 MATIC | £203.32 | £195.55 | +3.82 % |
| 1000 MATIC | £406.64 | £391.09 | +3.82 % |
Today vs. 1 month ago
| Asset | Today at 02:15 PM | 1 month ago | 1 month Change |
| 0.5 MATIC | £0.2 | £0.22 | -9.75 % |
| 1 MATIC | £0.41 | £0.45 | -9.75 % |
| 5 MATIC | £2.03 | £2.23 | -9.75 % |
| 10 MATIC | £4.07 | £4.46 | -9.75 % |
| 50 MATIC | £20.33 | £22.31 | -9.75 % |
| 100 MATIC | £40.66 | £44.63 | -9.75 % |
| 500 MATIC | £203.32 | £223.14 | -9.75 % |
| 1000 MATIC | £406.64 | £446.28 | -9.75 % |
Today vs. 1 year ago
| Asset | Today at 02:15 PM | 1 year ago | 1 year Change |
| 0.5 MATIC | £0.2 | £0.36 | -75.03 % |
| 1 MATIC | £0.41 | £0.71 | -75.03 % |
| 5 MATIC | £2.03 | £3.56 | -75.03 % |
| 10 MATIC | £4.07 | £7.12 | -75.03 % |
| 50 MATIC | £20.33 | £35.59 | -75.03 % |
| 100 MATIC | £40.66 | £71.17 | -75.03 % |
| 500 MATIC | £203.32 | £355.87 | -75.03 % |
| 1000 MATIC | £406.64 | £711.73 | -75.03 % |
Trading Bots
FAQ
Due to its importance in the evolution of the Ethereum ecosystem, MATIC is widely traded on DeFi-centric exchanges, such as Binance, KuCoin, HTX, and Coinbase, among others.
Bitsgap’s built-in cryptocurrency calculator allows you to check the current price of Polygon in your preferred fiat currency. The most traded MATIC pairs are MATIC/USD, MATIC/GBP, MATIC/AUD, and MATIC/EUR.
By subscribing to Bitsgap, you can trade MATIC on as many as 15 exchanges within a single interface. Subscribe today and trade seven days for free!
Staking is a key part of the Polygon protocol’s architecture because it is a Layer 2 solution that relies on PoS validators to keep digital assets safe. To participate in the network’s PoS agreement process, MATIC token holders will need to pledge their tokens as security.
Network participants who aren’t interested in validating transactions can still participate in staking and receive rewards by delegating their MATIC to another validator.
Polygon uses both PoS checkpoints and block producers at the block producer layer to make it even more decentralized. With the help of checks and fraud-proof systems, these block makers ensure the integrity of the main chains.
Yes. Firstly, after you sign up for Bitsgap, you’ll have a seven-day free trial on the PRO plan that you can extend or modify after your trial expires. However, should you wish to practice first, you can do so by switching to the Demo mode on the platform. Demo mode is available for both spot and futures markets, which is a fantastic opportunity to see the difference between the two and develop your strategies risk-free.
Come back to Bitsgap’s crypto converter for live price updates and information on major cryptocurrencies.