What does this mean for MATIC? MATIC has a fixed supply of 10 billion coins in network. Burning the coin would have a deflationary effect . But experts believe the deflationary pressure will benefit both validators and delegators, as rewards for processing transactions would be denominated in MATIC.16 Ara 2021
Read moreWhat happen to Matic Polygon?
MATIC, Polygon’s native token, spiked around 760% up in a four-week long surge, rising from $0.34 on 20 April 2021 to an all time-high of $2.68 on 18 May 2021 . Following its record high, MATIC plunged to $1.09 on 23 May, but soon rebounded on 26 May 2021, reaching $2.21.
Read more