Polygon Matic Network is a Layer 2 scaling solution backed by Binance and Coinbase. The project seeks to stimulate mass adoption of cryptocurrencies by resolving the problems of scalability on many blockchains. Matic Network combines the Plasma Framework and the proof-of-stake blockchain architecture.
As of April 2023 Polygon has a market cap of 10.09B. This makes Polygon the world's 10th largest crypto project.