MATIC to ETH conversion chart
Polygon Matic to Ethereum correlation
According to the correlation analysis, MATIC and ETH have a strong relationship with each other and correlate. Whenever there is a change in the price of MATIC then ETH also tends to follow the same pattern and move together.
MATIC Price Change and Market Cap
Currently, the MATIC price is 0.000122 ETH and the 24-hour change is -2.08%. The market cap of Polygon today is $3 with a total of 2.481 MATIC in circulation. In the past 24 hours, the MATIC price peaked at 0.0001286 ETH and the lowest price was 0.0001144 ETH.
Polygon Price Prediction
MATIC hit the market in April 2019 after an Initial Exchange Offering on Binance, attracting plenty of attention. In June 2020 mainnet finally went live, though it was not until launching staking in July that the price moved. All in all, 2020 was a volatile but barely profitable year for MATIC holders, as it opened at $0.014 and closed around $0.018. After the rebrand to Polygon Network in February 2021, MATIC earned recognition and reached $2.68 in May 2021. At the very end of 2021, MATIC broke that record, too, and rose to $2.87.
In the MATIC price predictions in a year from now, experts give a very wide range of targets — from $2.84 all the way up to $8. In 2025, different predictions also give targets that have a fivefold difference: from $1.9 to $10.94. By 2030, MATIC will be trading for double-digit prices up to $70.
Polygon Wallets
Still confused about which wallet to pick?
We recommend Trezor, CoolWallet S and Exodus wallet. Each of them has peculiarities and serve different purposes. In all of these wallets, you can store MATIC, monitor live Polygon prices and also exchange it from ChangeHero without leaving the application.
MATIC to ETH exchange margin
The closing conversion rate for MATIC to ETH yesterday was {{LAST}}. Considering today’s exchange rate, a transaction of 1 MATIC to ETH would result in an output of 0.000122 ETH.
How to convert Polygon Matic to Ethereum
Polygon Matic and Ethereum comparison
The Matic cryptocurrency is used as a means of exchange for payments and settlements with the Polygon network participants. Polygon, rebranded from Matic Network, is a Layer-2 scaling solution that offers a variety of tools to increase the speed, lower the costs, and simplify payments on blockchain networks. Polygon positions itself as an extension to Ethereum, aimed at reducing the cost of transactions on Ethereum blockchain and speeding them up.
Ethereum was launched in 2014 by Vitalik Buterin. It is an open-source blockchain network with a major emphasis on smart contracts. For starters, smart contracts are pieces of code that automatically processes the transactions once the preset conditions are met. Ethereum is often praised as the Second Generation of blockchain. Ether is the native cryptocurrency of the Ethereum Blockchain.
What is Polygon?
Polygon Network is an Ethereum-based interoperability solution for Ethereum-compatible chains. The problem is, even though there are scaling solutions on Ethereum, they cannot communicate with each other properly. This is the challenge Polygon sets out to solve.
To enable faster transactions and lower gas costs, Polygon leverages the Proof-of-Stake consensus algorithm. Ethereum is only used for finality and communication between Polygon chains, and the main bulk of operations happens on Polygon.
Polygon started out as Matic Network, a L2 scaling solution for Ethereum. However, along the way developers realized that there needs not be one single scaling solution. Instead, they set out to incorporate all of them into a single system and make it more approachable for use and development. This is why in 2021 they rebranded to Polygon.
Polygon Matic to Ethereum price details
MATIC to ETH Conversion Rate and Price
Currently, the conversion rate for 1 MATIC equals to 0.000122 ETH. The 24-hour highest price of Polygon Matic in relation to ETH was 0.0001286 ETH and the lowest was 0.0001144 ETH. In short, MATIC price in relation to ETH changed by -2.08%.
Instantly Exchange MATIC to ETH
On ChangeHero you can instantly exchange Polygon Matic to Ethereum without signup. You can easily convert MATIC to ETH in a few clicks without worrying about the rates and fees. ChangeHero offers both the Best Rate and Fixed Rate for your MATIC to ETH exchange.
MATIC to ETH Best Rate Exchange
In the Best Rate exchange of Polygon Matic to Ethereum, we search through various exchanges for the MATIC to ETH pair and find the best rate available in the market. We provide you with an estimation of the amount of ETH you will receive.
As soon as you accept the terms and the MATIC is deposited, the exchange will be automatically processed. We remind you that the final amount of ETH you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of MATIC to ETH.
MATIC to ETH Fixed Rate Conversion
In the Fixed Rate exchange of Polygon Matic to Ethereum, ChangeHero finds a good rate for the pair MATIC to ETH and fix the rate for up to 15 minutes. In the Best Rate exchange of MATIC to ETH, you will receive the exact amount of ETH which was shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the mentioned ETH address. ChangeHero is the best place to exchange MATIC to ETH fast and safe at the best rates.
Frequently asked questions
How long does it take to convert MATIC to ETH?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange MATIC to ETH?
No, you do not require an account to swap MATIC to ETH on ChangeHero. There will be no registrations for your Polygon Matic to Ethereum transaction.
Do I need to go through KYC procedures for MATIC to ETH exchange?
There will be no KYC for the MATIC to ETH exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure that takes a few minutes.
Can I exchange ETH to MATIC?
Yes, you can instantly exchange ETH to MATIC on ChangeHero.