Convert and Swap Polygon MATIC to Russian Ruble RUB
MATIC/RUB: 1 Polygon equals RUB 47.55 RUB
Last update: 1:51 PM, December 23, 2024
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Polygon is falling this week.
The current price of Polygon is RUB 47.55 per MATIC. With a circulating supply of 1,913,783,718 MATIC, it means that Polygon has a total market cap of RUB 90,953,771,400.31. The amount of Polygon traded has risen by RUB 21,279,937.15 in the last 24 hours, which is a 4.72% increase. Additionally, in the last day, RUB 450,737,961.35 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 Russian Ruble differ
Polygon, previously known as Matic Network, is a platform that strives to simplify the development and scaling of Ethereum-based applications. It aims to tackle Ethereum's challenges such as slow transaction speeds, low transaction throughput, and high transaction fees. Polygon's native token, MATIC, serves as a payment method within its ecosystem and a settlement currency among users. On the other hand, the Russian Ruble (RUB) is the traditional fiat currency of Russia, regulated by the Central Bank of Russia, and used for all types of transactions within the country. Unlike Polygon, which operates on a dual-layer structure consisting of a proof-of-stake (PoS) checkpointing layer and a block producer layer, the Ruble's value and circulation are controlled by monetary policies and economic factors. Polygon's infrastructure supports a wide range of decentralized applications (DApps), offering high transaction speed and low cost, making it an appealing platform for developers. In contrast, the Ruble is used in a centralized financial system with no direct support for DApps or blockchain-based applications.
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MATIC to Russian Ruble conversion tables
The exchange rate of Polygon is decreasing.
The current value of 1 MATIC is RUB 47.55 RUB. In other words, to buy 5 Polygon, it would cost you RUB 237.74 RUB. Inversely, RUB 1.00 RUB would allow you to trade for 0.0210 MATIC while RUB 50.00 RUB would convert to 1.0516 MATIC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 18.76%. Meanwhile, in the last 24 hours, the rate has changed by 1.42%, and that the the highest exchange rate of 1 MATIC to Russian Ruble was RUB 50.48 RUB and the lowest 24 hour value was 1 MATIC for RUB 47.44 RUB. This time last month, the value of 1 MATIC was RUB 58.85 RUB, which is a 15.33% increase from where it is now. Looking back a year, Polygon has changed by RUB 79.19 RUB. That means that in a single year, the value of Polygon has shrank by 44.88%.
MATIC to RUB performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
RUB 49.93 RUB | -1.42% | RUB 61.08 RUB | -18.76% | RUB 58.85 RUB | -15.33% | RUB 79.19 RUB | -44.88% |
MATIC to RUB
Amount | Today at 1:51 pm |
|---|---|
0.5 MATIC | RUB 23.77 |
1 MATIC | RUB 47.55 |
5 MATIC | RUB 237.74 |
10 MATIC | RUB 475.48 |
50 MATIC | RUB 2,377.41 |
100 MATIC | RUB 4,754.82 |
500 MATIC | RUB 23,774.11 |
1,000 MATIC | RUB 47,548.21 |
RUB to MATIC
Amount | Today at 1:51 pm |
|---|---|
0.5 RUB | 0.0105 MATIC |
1 RUB | 0.0210 MATIC |
5 RUB | 0.11 MATIC |
10 RUB | 0.21 MATIC |
50 RUB | 1.05 MATIC |
100 RUB | 2.10 MATIC |
500 RUB | 10.52 MATIC |
1,000 RUB | 21.03 MATIC |
Today vs. 24 hours ago
Amount | Today at 1:51 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 MATIC | RUB 23.77 | RUB 24.29 | -2.13% |
1 MATIC | RUB 47.55 | RUB 48.58 | -2.13% |
5 MATIC | RUB 237.74 | RUB 242.92 | -2.13% |
10 MATIC | RUB 475.48 | RUB 485.85 | -2.13% |
50 MATIC | RUB 2,377.41 | RUB 2,429.25 | -2.13% |
100 MATIC | RUB 4,754.82 | RUB 4,858.49 | -2.13% |
500 MATIC | RUB 23,774.11 | RUB 24,292.46 | -2.13% |
1,000 MATIC | RUB 47,548.21 | RUB 48,584.92 | -2.13% |
Today vs. 1 month ago
Amount | Today at 1:51 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 MATIC | RUB 23.77 | RUB 28.25 | -15.85% |
1 MATIC | RUB 47.55 | RUB 56.50 | -15.85% |
5 MATIC | RUB 237.74 | RUB 282.51 | -15.85% |
10 MATIC | RUB 475.48 | RUB 565.03 | -15.85% |
50 MATIC | RUB 2,377.41 | RUB 2,825.15 | -15.85% |
100 MATIC | RUB 4,754.82 | RUB 5,650.29 | -15.85% |
500 MATIC | RUB 23,774.11 | RUB 28,251.47 | -15.85% |
1,000 MATIC | RUB 47,548.21 | RUB 56,502.94 | -15.85% |
Today vs. 1 year ago
Amount | Today at 1:51 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 MATIC | RUB 23.77 | RUB 42.96 | -44.66% |
1 MATIC | RUB 47.55 | RUB 85.92 | -44.66% |
5 MATIC | RUB 237.74 | RUB 429.61 | -44.66% |
10 MATIC | RUB 475.48 | RUB 859.21 | -44.66% |
50 MATIC | RUB 2,377.41 | RUB 4,296.07 | -44.66% |
100 MATIC | RUB 4,754.82 | RUB 8,592.13 | -44.66% |
500 MATIC | RUB 23,774.11 | RUB 42,960.66 | -44.66% |
1,000 MATIC | RUB 47,548.21 | RUB 85,921.33 | -44.66% |
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