With the ever-fluctuating cryptocurrency market, keeping track of real-time prices between Polygon and Shiba Inu can be challenging. Our dedicated Polygon to Shiba Inu price converter & calculator makes this task seamless and straightforward. Whether you're an investor, trader, or crypto enthusiast, leverage our tool to get the latest conversion rates of matic vs. shib. Stay ahead of the market and make informed decisions by accessing the most up-to-date data at your fingertips
1 Polygon (matic) == 77322.982216142 Shiba Inu (shib).
Rate : 77322.982216142
Polygon (matic) Price: 0.565231$
Shiba Inu (shib) Price: 7.31E-6$
1 Polygon is 77322.982216142 Shiba Inu.
Polygon, formerly known as Matic Network, is a well-structured and user-friendly platform for scaling and infrastructure development on the Ethereum network. Its core component is the Polygon SDK, a flexible framework that enables the creation of various types of applications.
With Polygon, developers can build Optimistic Rollup chains, ZK Rollup chains, standalone chains, or any other infrastructure required. This effectively transforms Ethereum into a multi-chain system, similar to Polkadot, Cosmos, and Avalanche, while leveraging the security, ecosystem, and openness of Ethereum.
The existing ecosystem built on the Plasma-POS chain will remain unchanged. However, Polygon aims to expand its capabilities by introducing new features and scaling solutions to meet the diverse needs of developers. The $MATIC token will continue to exist and play a crucial role in securing the system and enabling governance.
Shiba Inu (SHIB) is a meme token that started as a fun currency but has evolved into a decentralized ecosystem. During its launch, 50% of the token supply was allocated to the ethereum wallet of Vitalik Buterin, the creator of Ethereum.
Vitalik chose to donate 10% of his SHIB holdings to a COVID-19 relief effort in India, and the remaining 40% was permanently burned. This donation was valued at approximately $1 billion, making it one of the largest donations ever made.
The Shiba Inu community has recently launched Shibaswap, a decentralized exchange, along with two new tokens called LEASH and BONE. LEASH is a scarce supply token that provides incentives on Shibaswap, while BONE is the governance token used for voting on proposals in the Doggy DAO.
Both Polygon (MATIC) and Shiba Inu (SHIB) are based on the Ethereum ecosystem. However, they serve different purposes and target different audiences.
Polygon focuses on scalability and infrastructure development, providing solutions for Ethereum scaling through its modular SDK. It aims to create a multi-chain system with Ethereum's security and vibrant ecosystem.
On the other hand, Shiba Inu started as a meme token and has evolved into a decentralized ecosystem. It gained attention due to the substantial donation made by Vitalik Buterin and has since launched Shibaswap and introduced new tokens for incentivization and governance.
In summary, Polygon (MATIC) offers a comprehensive platform for Ethereum scaling and infrastructure development, while Shiba Inu (SHIB) initially gained popularity as a meme token and has expanded into a decentralized ecosystem with its own exchange and governance tokens. Investors and developers should consider their specific needs and objectives before deciding which token aligns better with their goals.