Overview

Polygon, formerly known as the Matic Network, is a scaling solution that aims at providing an Ethereum alternative with a fast and low fee transactions.

Cryptocurrency holders can stake their assets and through validators contribute to verification of transactions and get rewards. This can be possible only in blockchains that are based on 'proof of stake'. Polygon on top of Ethereum has its own blockchain that makes staking possible. MATIC is the native token of Polygon. Users can delegate validators by staking $MATIC.

This dashboard investigates $MATIC staking over time.

$MATIC staking

The graph below shows the daily number of $MATIC staked and the daily number of unique stakers.

We can see that the number of stakes and stakers was at the highest level in the summer 2021.

The cumulative amount of $MATIC staked can be seen in the graph next to this box.

We can see the slope has been recently increased.

$ MATIC circulating supply

We can see that the current $ MATIC circulating supply is about 8,73b $MATIC.

The circulating supply has been increased recently.

The graph below shows the cumulative staking amount vs circulating supply over time.

Conclusion

This section summarizes the relationship between circulating supply and staking amount from July 1st 2022.

We can see that on both August 14th and 29th a large size staking led to increases in circulating supply.

In total the data shows the more staking executed the more minting MATIC we see.