5 Best Performing Cryptocurrencies of 2021

2. Polygon (MATIC)

Gain in Price in 2021: 14105.50%

Polygon is a platform for Ethereum scaling and infrastructure development, allowing developers to build a multi-chain system that provides the advantages of Ethereum’s security and reliability. The native token for Polygon is MATIC, which secures the platform and allows due governance. MATIC runs as an Ethereum token.

Polygon is supported by Binance and Coinbase, and was created with the idea of enabling large adoption of cryptocurrencies by addressing scalability issues on multiple blockchains. 

Polygon is structurally designed to support different decentralized finance protocols available in the Ethereum ecosystem, and uses a customized version of the Plasma framework, which is built around the proof-of-stake consensus mechanism. In addition to the PoS checkpoints, Polygon uses block producers to achieve increased decentralization, which also enhances the platform’s fraud-proof mechanisms.

MATIC tokens are released on a monthly basis, and the currently circulating supply is more than 4.8 billion tokens. Polygon offers a maximum capacity of 10 billion MATIC tokens.