Convert and Swap Polygon MATIC to Pakistani Rupee PKR
MATIC/PKR: 1 Polygon equals PKR 124.74 PKR
Last update: 1:18 PM, January 24, 2025
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Polygon is falling this week.
The current price of Polygon is PKR 124.74 per MATIC. With a circulating supply of 1,913,783,718 MATIC, it means that Polygon has a total market cap of PKR 238,855,265,169.42. The amount of Polygon traded has risen by PKR 1,126,682,119.78 in the last 24 hours, which is a 43.72% increase. Additionally, in the last day, PKR 2,576,954,580.66 worth of MATIC has been traded.
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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 Pakistani Rupee differ
Polygon, previously known as Matic Network, is a platform that strives to facilitate the development and scaling of Ethereum-based applications, aiming to address challenges such as slow transaction speeds, low transaction throughput, and high transaction fees. It operates on a dual-layer structure, with a proof-of-stake (PoS) checkpointing layer and a block producer layer, enabling fast and low-cost transactions. The platform's native token, MATIC, is used for payment services within the Polygon ecosystem and as a settlement currency between users. On the other hand, the Pakistani Rupee (PKR) is a traditional fiat currency, regulated by the State Bank of Pakistan, and used for all types of transactions within the country. Unlike MATIC, PKR is not used in a blockchain environment and does not facilitate the development of decentralized applications. The value of PKR is influenced by economic factors such as inflation, interest rates, and public debt, while MATIC's value is driven by factors such as demand and supply in the cryptocurrency market, technological advancements, and regulatory news.
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MATIC to Pakistani Rupee conversion tables
The exchange rate of Polygon is increasing.
The current value of 1 MATIC is PKR 124.74 PKR. In other words, to buy 5 Polygon, it would cost you PKR 623.72 PKR. Inversely, PKR 1.00 PKR would allow you to trade for 0.0080 MATIC while PKR 50.00 PKR would convert to 0.4008 MATIC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 11.94%. Meanwhile, in the last 24 hours, the rate has changed by 4.08%, and that the the highest exchange rate of 1 MATIC to Pakistani Rupee was PKR 125.40 PKR and the lowest 24 hour value was 1 MATIC for PKR 118.94 PKR. This time last month, the value of 1 MATIC was PKR 143.79 PKR, which is a 13.73% increase from where it is now. Looking back a year, Polygon has changed by PKR 206.78 PKR. That means that in a single year, the value of Polygon has shrank by 40.19%.
MATIC to PKR performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
PKR 119.99 PKR | 4.08% | PKR 141.37 PKR | -11.94% | PKR 143.79 PKR | -13.73% | PKR 206.78 PKR | -40.19% |
MATIC to PKR
Amount | Today at 1:18 pm |
|---|---|
0.5 MATIC | PKR 62.37 |
1 MATIC | PKR 124.74 |
5 MATIC | PKR 623.72 |
10 MATIC | PKR 1,247.44 |
50 MATIC | PKR 6,237.18 |
100 MATIC | PKR 12,474.36 |
500 MATIC | PKR 62,371.81 |
1,000 MATIC | PKR 124,743.62 |
PKR to MATIC
Amount | Today at 1:18 pm |
|---|---|
0.5 PKR | 0.0040 MATIC |
1 PKR | 0.0080 MATIC |
5 PKR | 0.0401 MATIC |
10 PKR | 0.0802 MATIC |
50 PKR | 0.40 MATIC |
100 PKR | 0.80 MATIC |
500 PKR | 4.01 MATIC |
1,000 PKR | 8.02 MATIC |
Today vs. 24 hours ago
Amount | Today at 1:18 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 MATIC | PKR 62.37 | PKR 59.86 | +4.20% |
1 MATIC | PKR 124.74 | PKR 119.72 | +4.20% |
5 MATIC | PKR 623.72 | PKR 598.61 | +4.20% |
10 MATIC | PKR 1,247.44 | PKR 1,197.21 | +4.20% |
50 MATIC | PKR 6,237.18 | PKR 5,986.05 | +4.20% |
100 MATIC | PKR 12,474.36 | PKR 11,972.10 | +4.20% |
500 MATIC | PKR 62,371.81 | PKR 59,860.52 | +4.20% |
1,000 MATIC | PKR 124,743.62 | PKR 119,721.04 | +4.20% |
Today vs. 1 month ago
Amount | Today at 1:18 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 MATIC | PKR 62.37 | PKR 71.90 | -13.25% |
1 MATIC | PKR 124.74 | PKR 143.80 | -13.25% |
5 MATIC | PKR 623.72 | PKR 719.02 | -13.25% |
10 MATIC | PKR 1,247.44 | PKR 1,438.04 | -13.25% |
50 MATIC | PKR 6,237.18 | PKR 7,190.22 | -13.25% |
100 MATIC | PKR 12,474.36 | PKR 14,380.44 | -13.25% |
500 MATIC | PKR 62,371.81 | PKR 71,902.19 | -13.25% |
1,000 MATIC | PKR 124,743.62 | PKR 143,804.37 | -13.25% |
Today vs. 1 year ago
Amount | Today at 1:18 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 MATIC | PKR 62.37 | PKR 102.79 | -39.32% |
1 MATIC | PKR 124.74 | PKR 205.58 | -39.32% |
5 MATIC | PKR 623.72 | PKR 1,027.89 | -39.32% |
10 MATIC | PKR 1,247.44 | PKR 2,055.78 | -39.32% |
50 MATIC | PKR 6,237.18 | PKR 10,278.90 | -39.32% |
100 MATIC | PKR 12,474.36 | PKR 20,557.79 | -39.32% |
500 MATIC | PKR 62,371.81 | PKR 102,788.96 | -39.32% |
1,000 MATIC | PKR 124,743.62 | PKR 205,577.93 | -39.32% |
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