Convert and Swap Polygon MATIC to Philippine Peso PHP
MATIC/PHP: 1 Polygon equals ₱27.75 PHP
Last update: 3:06 AM, December 23, 2024
Refresh
Polygon market latest
Trade Polygon today
Create a Coinbase account to buy and sell Polygon on the most secure crypto exchange.
Polygon is falling this week.
The current price of Polygon is ₱27.75 per MATIC. With a circulating supply of 1,913,783,718 MATIC, it means that Polygon has a total market cap of ₱52,823,795,913.05. The amount of Polygon traded has fallen by ₱44,774,978.03 in the last 24 hours, which is a 17.59% decrease. Additionally, in the last day, ₱254,616,762.75 worth of MATIC has been traded.
Buy Polygon with Coinbase Wallet
Create a Coinbase account to buy and sell Polygon on the most secure crypto exchange.
About Polygon
Polygon was formerly called Matic Network. Polygon (MATIC) is an Ethereum token that powers the Polygon Network, a scaling solution for Ethereum. Polygon aims to provide faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain. Users can deposit Ethereum tokens to a Polygon smart contract, interact with them within Polygon, and then later withdraw them back to the Ethereum main chain. The MATIC token is used to pay transaction fees and participate in proof-of-stake consensus.
Polygon, formerly known as Matic Network, is a platform designed to facilitate the development and scaling of Ethereum-based applications. It aims to address some of the key challenges faced by the Ethereum network, including slow transaction speeds, low transaction throughput, and high transaction fees. At its core, Polygon utilizes a modular, flexible framework known as Polygon SDK, which supports the creation of multiple types of applications. The platform's native token, MATIC, is used for payment services within the Polygon ecosystem and as a settlement currency between users.
Polygon operates on a dual-layer structure consisting of a proof-of-stake (PoS) checkpointing layer and a block producer layer. The PoS layer validates blocks and periodically submits proofs (Merkle roots) of the blocks to the Ethereum mainchain, providing a high level of decentralization. The block producer layer, on the other hand, is responsible for creating blocks at a rapid pace, enabling fast and low-cost transactions. This unique architecture allows Polygon to achieve up to 65,000 transactions per second on a single side chain, with a block confirmation time of less than two seconds.
Polygon's infrastructure is designed to support a wide range of decentralized applications (DApps) without the typical drawbacks associated with proof-of-work blockchains. Its high transaction speed and low cost make it an attractive platform for developers looking to build scalable DApps. Furthermore, Polygon's compatibility with Ethereum allows developers to leverage Ethereum's existing developer community and ecosystem. The platform also supports the creation of optimistic rollup chains, ZK rollup chains, and standalone chains, providing developers with the flexibility to create the infrastructure they need.
Polygon was launched in October 2017 by co-founders Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. Prior to establishing its own network in 2019, the Polygon team made significant contributions to the Ethereum ecosystem, including the implementation of the Plasma MVP, the WalletConnect protocol, and the Dagger event notification engine. The team's commitment to enhancing the Ethereum ecosystem, coupled with their innovative approach to scalability and infrastructure development, has helped Polygon become a key player in the cryptocurrency space.
How Polygon and Philippine Peso differ
Polygon and the Philippine Peso (PHP) are two distinct forms of currency, each with its own unique characteristics and uses. Polygon, previously known as Matic Network, is a digital platform that facilitates the development and scaling of Ethereum-based applications. It aims to address key challenges in the Ethereum network, such as slow transaction speeds and high transaction fees, by utilizing a modular, flexible framework known as Polygon SDK. Its native token, MATIC, is used for payment services within the Polygon ecosystem and as a settlement currency between users. On the other hand, the Philippine Peso is the official currency of the Philippines, regulated by the Bangko Sentral ng Pilipinas, and is used for all local transactions. Unlike Polygon, which operates on a dual-layer structure consisting of a proof-of-stake (PoS) checkpointing layer and a block producer layer, the Philippine Peso is a traditional fiat currency, printed and distributed by the central bank. While Polygon's infrastructure supports a wide range of decentralized applications (DApps) and aims to achieve up to 65,000 transactions per second on a single side chain, the Philippine Peso is used in a more conventional economic system with physical and digital transactions processed through banks and other financial institutions.
Frequently asked questions
How much is 1 Polygon in PHP?
Right now, 1 Polygon is worth about ₱27.75.
How much MATIC could I buy for 1 PHP?
Based on the current rate, you could get 0.036 MATIC for 1 PHP.
How much has the price of Polygon changed?
Polygon price has been on the rise. Since yesterday, the exchange rate of Polygon has increased. Since last month, the exchange rate of Polygon has decreased. Since this time last year, the price of Polygon has decreased.
How do I calculate or convert MATIC to PHP?
You can use our MATIC to PHP calculator at the top of this page to convert any amount of MATIC to PHP. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 PHP is equivalent to 0.18 MATIC. Inversely, 5 MATIC will cost about ₱138.73
How can I buy 1 Polygon on Coinbase?
Polygon is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Polygon.
Buy Polygon with Coinbase
Create a Coinbase account to buy and sell Polygon on the most secure crypto exchange.
Buy Polygon with Coinbase Wallet
Create a Coinbase account to buy and sell Polygon on the most secure crypto exchange.
Browse related conversions
Popular Polygon conversions
A selection of other popular currency conversions of Polygon to various fiat currencies.
Convert other assets to PHP
A selection of relevant cryptocurrencies you might be interested in based on your interest in Polygon.
MATIC to Philippine Peso conversion tables
The exchange rate of Polygon is increasing.
The current value of 1 MATIC is ₱27.75 PHP. In other words, to buy 5 Polygon, it would cost you ₱138.73 PHP. Inversely, ₱1.00 PHP would allow you to trade for 0.0360 MATIC while ₱50.00 PHP would convert to 1.8021 MATIC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 23.15%. Meanwhile, in the last 24 hours, the rate has changed by 0.07%, and that the the highest exchange rate of 1 MATIC to Philippine Peso was ₱28.85 PHP and the lowest 24 hour value was 1 MATIC for ₱27.10 PHP. This time last month, the value of 1 MATIC was ₱30.97 PHP, which is a 10.64% increase from where it is now. Looking back a year, Polygon has changed by ₱47.52 PHP. That means that in a single year, the value of Polygon has shrank by 44.88%.
MATIC to PHP performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
₱27.71 PHP | 0.07% | ₱35.66 PHP | -23.15% | ₱30.97 PHP | -10.64% | ₱47.52 PHP | -44.88% |
MATIC to PHP
Amount | Today at 3:06 am |
|---|---|
0.5 MATIC | ₱13.87 |
1 MATIC | ₱27.75 |
5 MATIC | ₱138.73 |
10 MATIC | ₱277.45 |
50 MATIC | ₱1,387.27 |
100 MATIC | ₱2,774.54 |
500 MATIC | ₱13,872.72 |
1,000 MATIC | ₱27,745.44 |
PHP to MATIC
Amount | Today at 3:06 am |
|---|---|
0.5 PHP | 0.0180 MATIC |
1 PHP | 0.0360 MATIC |
5 PHP | 0.18 MATIC |
10 PHP | 0.36 MATIC |
50 PHP | 1.80 MATIC |
100 PHP | 3.60 MATIC |
500 PHP | 18.02 MATIC |
1,000 PHP | 36.04 MATIC |
Today vs. 24 hours ago
Amount | Today at 3:06 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 MATIC | ₱13.87 | ₱13.81 | +0.47% |
1 MATIC | ₱27.75 | ₱27.62 | +0.47% |
5 MATIC | ₱138.73 | ₱138.08 | +0.47% |
10 MATIC | ₱277.45 | ₱276.16 | +0.47% |
50 MATIC | ₱1,387.27 | ₱1,380.82 | +0.47% |
100 MATIC | ₱2,774.54 | ₱2,761.65 | +0.47% |
500 MATIC | ₱13,872.72 | ₱13,808.24 | +0.47% |
1,000 MATIC | ₱27,745.44 | ₱27,616.49 | +0.47% |
Today vs. 1 month ago
Amount | Today at 3:06 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 MATIC | ₱13.87 | ₱15.40 | -9.89% |
1 MATIC | ₱27.75 | ₱30.79 | -9.89% |
5 MATIC | ₱138.73 | ₱153.95 | -9.89% |
10 MATIC | ₱277.45 | ₱307.90 | -9.89% |
50 MATIC | ₱1,387.27 | ₱1,539.52 | -9.89% |
100 MATIC | ₱2,774.54 | ₱3,079.05 | -9.89% |
500 MATIC | ₱13,872.72 | ₱15,395.25 | -9.89% |
1,000 MATIC | ₱27,745.44 | ₱30,790.49 | -9.89% |
Today vs. 1 year ago
Amount | Today at 3:06 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 MATIC | ₱13.87 | ₱25.14 | -44.82% |
1 MATIC | ₱27.75 | ₱50.28 | -44.82% |
5 MATIC | ₱138.73 | ₱251.40 | -44.82% |
10 MATIC | ₱277.45 | ₱502.80 | -44.82% |
50 MATIC | ₱1,387.27 | ₱2,514.00 | -44.82% |
100 MATIC | ₱2,774.54 | ₱5,028.00 | -44.82% |
500 MATIC | ₱13,872.72 | ₱25,140.00 | -44.82% |
1,000 MATIC | ₱27,745.44 | ₱50,280.00 | -44.82% |
Buy Polygon with Coinbase
Create a Coinbase account to buy and sell Polygon on the most secure crypto exchange.
Buy Polygon with Coinbase Wallet
Create a Coinbase account to buy and sell Polygon on the most secure crypto exchange.
Discover assets similar to Polygon
Top trading volume
Browse the assets with the highest trading volume in the past 24H on Coinbase.
Buy other crypto
A selection of guides on how to buy some of the top 50 assets by market capitalization.
Explore more conversions
Advanced asset conversions
A selection of relevant cryptocurrencies you might be interested in based on your interest in Bitcoin.
More currency conversions
A selection of conversions for different assets and currencies.
Start your crypto portfolio today
Sign up for a Coinbase account today and see what the world of decentralized finance can do for you.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.