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What is Polygon? MATIC Explained with AnimationsPolygon, formerly known as the Matic Network, is a scaling solution that aims to provide multiple tools to improve the speed and reduce the cost and. Polygon aims to provide faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain. Polygon is a Layer 2 blockchain that aims to help Ethereum with its scalability. MATIC is Polygon's native cryptocurrency. It is an ERC