Validators process transactions and receive fees from users (supply-side fees).

Polygon is a smart contract platform for decentralized applications & interoperability platform for blockchains. Polygon was founded by Jaynti Kanani, Sandeep Nailwal & Anurag Arjun and launched in 2017.

MATIC holders own and govern the protocol. They currently take a cut of the total transaction fees paid by users (revenue). Polygon’s investors include Coinbase Ventures, ZBS Capital, MiH Ventures, etc.

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Blockchains (L1)

Polygon

# Polygon Price Methodology

## 1. Overview

This metric tracks the USD price of Polygon's native token (MATIC) over time. The calculation provides standardized daily price data for the MATIC token, which serves as the native currency for transaction fees and staking on the Polygon network. The metric answers the business question: "What is the current and historical USD value of MATIC tokens?" This data supports portfolio valuation, market analysis, and financial calculations across Token Terminal's Polygon ecosystem metrics.

## 2. Data sources

The calculation relies on:
- **Native token price feeds**: End-of-day price data for MATIC tokens sourced from external cryptocurrency data providers
- **Price aggregation services**: Third-party price feed providers that aggregate MATIC pricing data from multiple cryptocurrency exchanges
- **Historical price data**: Complete time series of MATIC token prices with timestamp granularity for daily aggregation

## 3. Step-by-step calculation

### Component A: Price data extraction
- **Purpose**: Extract MATIC token price data from external price feeds
- **Logic**: The system queries native token price feeds and filters specifically for Polygon chain data. Each record contains a timestamp indicating when the price was recorded, a timestamp grain for aggregation purposes, the chain identifier confirming this is Polygon data, and the USD price value for MATIC tokens at that point in time
- **Key fields**: `timestamp` (price recording time), `timestamp_grain` (aggregation period), `chain_id` (set to 'polygon'), `price` (USD value of MATIC)

### Final aggregation
- **Combining components**: Since this is a single-source metric, no component combination is required
- **Currency conversion**: Prices are already provided in USD from the external price feeds, so no additional currency conversion is needed
- **Time aggregation**: The metric uses the timestamp grain from the source data to maintain consistent daily price reporting
- **Final calculation**: The final metric value is the direct USD price of MATIC tokens, standardized through the finalization process which applies a 'fill zeros' strategy to handle any gaps in the price data by inserting zero values for missing time periods. This ensures continuous time series data for downstream analysis and visualization.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Current USD value of a project's governance or native token.

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