Is Matic on Ethereum?

MATIC is the native cryptocurrency of the Polygon network and is used to help drive development across the network and can be used for staking and paying for transaction fees . Users can earn MATIC tokens by providing computational resources and services to the Polygon network.

MATIC is the network’s native cryptocurrency , which is used for fees, staking, and more. You can buy or sell MATIC via exchanges like Coinbase. The Ethereum blockchain is home to a vast range of economic activity — from NFT markets and games to the growing DeFi ecosystem.

Polygon is to Matic as Ethereum is to ETH . There are 10 billion total possible MATIC crypto coins, and as of December 2021, 7.16 billion of them are in circulation. The rest will be minted by stakers – users who deposit their MATIC crypto tokens into a staking smart contract in order to become validators.3 Oca 2022