Convert and Swap Polygon MATIC to Turkish Lira TRY
MATIC/TRY: 1 Polygon equals TRY 11.04 TRY
Last update: 8:07 PM, February 11, 2025
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Polygon is falling this week.
The current price of Polygon is TRY 11.04 per MATIC. With a circulating supply of 1,913,783,718 MATIC, it means that Polygon has a total market cap of TRY 21,057,099,956.16. The amount of Polygon traded has fallen by TRY 51,466,489.78 in the last 24 hours, which is a 22.81% decrease. Additionally, in the last day, TRY 225,651,279.44 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 Turkish Lira differ
Polygon, previously known as Matic Network, is a platform that aims to facilitate the development and scaling of Ethereum-based applications. It seeks to address key challenges of the Ethereum network such as slow transaction speeds, low transaction throughput, and high transaction fees. Polygon's native token, MATIC, is used for payment services within its ecosystem and as a settlement currency between users. On the other hand, the Turkish Lira (TRY) is the official currency of Turkey, regulated by the Central Bank of the Republic of Turkey. Unlike MATIC, which operates on a dual-layer structure consisting of a proof-of-stake (PoS) checkpointing layer and a block producer layer, the Turkish Lira is a traditional fiat currency, subject to monetary policies and inflation rates. 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 Turkish Lira is used for conventional transactions and does not have the same scalability or speed. Furthermore, while Polygon's value can fluctuate based on market demand, the Turkish Lira's value is influenced by economic factors such as interest rates, economic growth, and political stability.
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MATIC to Turkish Lira conversion tables
The exchange rate of Polygon is decreasing.
The current value of 1 MATIC is TRY 11.04 TRY. In other words, to buy 5 Polygon, it would cost you TRY 55.19 TRY. Inversely, TRY 1.00 TRY would allow you to trade for 0.0906 MATIC while TRY 50.00 TRY would convert to 4.5300 MATIC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 1.93%. Meanwhile, in the last 24 hours, the rate has changed by 1.99%, and that the the highest exchange rate of 1 MATIC to Turkish Lira was TRY 11.86 TRY and the lowest 24 hour value was 1 MATIC for TRY 10.97 TRY. This time last month, the value of 1 MATIC was TRY 16.42 TRY, which is a 34.11% increase from where it is now. Looking back a year, Polygon has changed by TRY 18.59 TRY. That means that in a single year, the value of Polygon has shrank by 62.52%.
MATIC to TRY performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
TRY 11.23 TRY | -1.99% | TRY 11.20 TRY | -1.93% | TRY 16.42 TRY | -34.11% | TRY 18.59 TRY | -62.52% |
MATIC to TRY
Amount | Today at 8:07 pm |
|---|---|
0.5 MATIC | TRY 5.52 |
1 MATIC | TRY 11.04 |
5 MATIC | TRY 55.19 |
10 MATIC | TRY 110.38 |
50 MATIC | TRY 551.88 |
100 MATIC | TRY 1,103.75 |
500 MATIC | TRY 5,518.76 |
1,000 MATIC | TRY 11,037.52 |
TRY to MATIC
Amount | Today at 8:07 pm |
|---|---|
0.5 TRY | 0.0453 MATIC |
1 TRY | 0.0906 MATIC |
5 TRY | 0.45 MATIC |
10 TRY | 0.91 MATIC |
50 TRY | 4.53 MATIC |
100 TRY | 9.06 MATIC |
500 TRY | 45.30 MATIC |
1,000 TRY | 90.60 MATIC |
Today vs. 24 hours ago
Amount | Today at 8:07 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 MATIC | TRY 5.52 | TRY 5.64 | -2.11% |
1 MATIC | TRY 11.04 | TRY 11.28 | -2.11% |
5 MATIC | TRY 55.19 | TRY 56.38 | -2.11% |
10 MATIC | TRY 110.38 | TRY 112.76 | -2.11% |
50 MATIC | TRY 551.88 | TRY 563.80 | -2.11% |
100 MATIC | TRY 1,103.75 | TRY 1,127.60 | -2.11% |
500 MATIC | TRY 5,518.76 | TRY 5,637.98 | -2.11% |
1,000 MATIC | TRY 11,037.52 | TRY 11,275.97 | -2.11% |
Today vs. 1 month ago
Amount | Today at 8:07 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 MATIC | TRY 5.52 | TRY 8.38 | -34.12% |
1 MATIC | TRY 11.04 | TRY 16.75 | -34.12% |
5 MATIC | TRY 55.19 | TRY 83.77 | -34.12% |
10 MATIC | TRY 110.38 | TRY 167.55 | -34.12% |
50 MATIC | TRY 551.88 | TRY 837.75 | -34.12% |
100 MATIC | TRY 1,103.75 | TRY 1,675.50 | -34.12% |
500 MATIC | TRY 5,518.76 | TRY 8,377.49 | -34.12% |
1,000 MATIC | TRY 11,037.52 | TRY 16,754.98 | -34.12% |
Today vs. 1 year ago
Amount | Today at 8:07 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 MATIC | TRY 5.52 | TRY 15.10 | -63.45% |
1 MATIC | TRY 11.04 | TRY 30.20 | -63.45% |
5 MATIC | TRY 55.19 | TRY 150.98 | -63.45% |
10 MATIC | TRY 110.38 | TRY 301.95 | -63.45% |
50 MATIC | TRY 551.88 | TRY 1,509.76 | -63.45% |
100 MATIC | TRY 1,103.75 | TRY 3,019.51 | -63.45% |
500 MATIC | TRY 5,518.76 | TRY 15,097.55 | -63.45% |
1,000 MATIC | TRY 11,037.52 | TRY 30,195.10 | -63.45% |
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