MATIC is the name of the native token of the Polygon network. This token serves as the economic foundation of Polygon and can be used to pay transaction fees, participate in governance, and as a means of staking. Additionally, the MATIC token facilitates interaction with decentralised applications (dApps) running on the Polygon platform and the entire ecosystem built around it.

Buying MATIC is appealing because this token provides access to the vast ecosystem built around Polygon, one that holds significant weight in the multi-chain DeFi world and the EVM ecosystem. Thanks to this situation and the backing of important projects, MATIC is one of the major tokens in the crypto world.

Polygon (MATIC) is a well-known Layer 2 platform focused on enhancing the scalability and interoperability of Ethereum. It operates as a second-layer solution, allowing for faster and cheaper transactions. It employs various technologies, such as sidechains and rollups, to process transactions off the main Ethereum chain, alleviating congestion and reducing costs.