MATIC is the cryptocurrency of the Polygon blockchain and is used to drive development across the network. It can be used for so-called staking, to pay transaction fees and to mint NFTs. MATIC is built on one of Ethereum's token standards, ERC-20, and has a cap of ten billion. Users of the Polygon chain can earn MATIC tokens by providing resources and services to the network.
Written by SafelloUpdated over a week ago