MATIC vs SOL compare

What is Cryptocurrency?

Cryptocurrency is virtual money that has no tangible expression and exists only in the digital world. Cryptocurrency payments are carried out in a decentralized network. All trading data and cryptocurrency wallets are stored in the blockchain. 

There are now more than 12,000 diverse digital currencies, and more and more appear every day. All of them have different values, properties, challenges and areas of implementation.

Differences Between MATIC and SOL

Along with the cost of the coins, the distinction between Polygon vs Solana consists in the next values:

Circulating supply

Circulating supply of Polygon is 0 MATIC coins and a maximum supply of 0 MATIC coins, whereas Solana has a circulating supply of 0 SOL and a maximum supply of 0 SOL coins.

Trading volume

The daily trading volume of Polygon is 5481703.000000000000, whereas the volume of Solana is 384824627.906431440000 per day.

Percentage price change

The Polygon rate has changed by 0 over the past 24 hours, and by [Percent_change_7d_1] over the last week. 

The rate of Solana has changed by 0 over the past 24 hours, and by [Percent_change_7d_2] over the last week.

MATIC vs SOL: Pros & Cons

Like any digital asset, MATIC and SOL have their own advantages and disadvantages, which are desirable to identify before investing in these currencies.

Pros

Solana:

• Scalable and fast - 50 000 transactions per second (TPS).
• Cheap - transaction fee is 0.000005 SOL (0.0045 USD).
• Applicable - suitable for the development of solutions for DeFi, NFT, lending protocols, metaverses and DEX exchanges.
• Eco-friendly - the Proof of Stake (PoS) algorithm used on the platform requires less computing power, which means it is less harmful to the environment.
• Transparent - the developers are open to investors and are really engaged in the further development of the platform, which they regularly report on.
• Profitable - everyone can invest in technology and get a return on staking.

Polygon:

• Fast - 65 000 transactions per second (TPS).
• Cheap -  transaction fee is $0.0005 to $0.2.
• Compatible- the platform is compatible with multiple other crypto assets and with EVM (Ethereum Virtual Machine).
• Applicable - support for DeFi, metaverses, games and NFTs.
• Scalable - high scalability is ensured by the innovative Plasma mechanism
• Convenient - smooth transition from main blockchain to sidechain.
• Profitable - users can play P2E games or get a return on staking.

Cons

Solana:

• Vulnerability - there were a series of failures and network outages for more than 48.
• Possible centralization - the hybrid system, where a large amount of the SOL cryptocurrency is concentrated in a small number of nodes, can lead to centralization.

Polygon

• Competition - high level of competition in this market segment.

MATIC vs SOL: Which Is a Better Buy?

Since both coins are fickle, the answer to this question may differ depending on the situation on the crypto market. Accordingly, you should verify the up-to-date information.

Convert Polygon to Solana at the Best Rates

The secret of the best rates that users of the Godex exchange get when exchanging Polygon to Solana lies in the fixed rate function. This means that after finding the best wager for your request, the service “freezes” it for 30 minutes. Thus, you are guaranteed to receive the amount of Solana that the converter displayed when placing an order, irrespective of market ups and downs.

How to Invest in Both Polygon and Solana

The first thing every investor should think of is a trustworthy wallet where your cryptocurrency funds will be safe. Then, choose a trustworthy exchange that has Polygon and Solana available. Deposit the cryptocurrency you have into it, for which you can then buy Polygon or Solana. Remember the main rule of an investor: invest as much as you can afford to lose.

Polygon Vs. Solana: Blockchain Capacity

Both platforms show high capacity. The Polygon network is capable of performing up to 65,000 transactions per second. Being a layer-2 solution, Polygon increases network capacity through parallel processing of data. Solana is capable of processing 50,000 transactions per second.

Best Cryptocurrency Exchanges for Polygon and Solana

Because of to the strong demand, Polygon and Solana are available on decent exchanges. Consequently, any exchange with a good reputation and competitive rates for its users is appropriate forPolygon vs Solana trading. 

Many prefer Godex.io owing to the fact that there is no trading bounds, and there is no need to prove trader’s identity and reveal personal details. Furthermore, by fixing the exchange stake for the duration of the transaction, users are immune from losses that may arise from market ups and downs.

MATIC vs SOL: Bottom Line

Both MATIC and SOL are worthy representatives of the crypto world. To understand which cryptocurrency to invest in at a certain moment, you need to watch it on the crypto market, examine and compare its crucial values.