Market cap
$20.88M
1.83 %
Volume (24h)
$60.27K
1.83 %
Circulating supply
201,852,194 WMATIC
Total supply
201,852,194 WMATIC
Wrapped Matic (WMATIC)
$ 0.10
1.83 %
Main info
News
Comments
Markets
Analytics
Key data
updated $0Market cap$20.88M
Volume 24h$60.27K
Circulating supply201.85M
Wrapped Matic (WMATIC) is the wrapped, ERC-20 version of MATIC, the native coin of the Polygon network. In plain terms, it's the same MATIC placed inside a smart contract so that DeFi applications can work with it — much like Wrapped Ether (WETH) on Ethereum. Every WMATIC is backed 1:1 by regular MATIC, and you can move between the two at any time.
Frequently asked questions
What is WMATIC and how is it different from regular MATIC?
WMATIC is simply MATIC in ERC-20 form. The native MATIC coin doesn't fully follow the ERC-20 standard, which most DeFi smart contracts on Polygon require, so wrapping fills that gap. Economically they are identical — 1 WMATIC always equals 1 MATIC.
How does the wrapping technology work?
When you wrap MATIC, your coins get locked in a smart contract and the same amount of WMATIC is minted to your wallet. Unwrapping reverses the process: WMATIC is burned and the locked MATIC is released back to you. The contract enforces the 1:1 peg automatically, while the Polygon network itself runs on proof-of-stake consensus maintained by validators.
How is WMATIC issued, and does it have a max supply?
WMATIC has no mining or emission schedule of its own — new tokens are minted only when someone wraps MATIC and burned when it's unwrapped. Its circulating supply is elastic and simply mirrors the amount of MATIC currently locked in the contract. So the long-term supply rules come from MATIC, not from WMATIC.
Where can I store and use WMATIC?
Any wallet that supports the Polygon network will do — MetaMask, Trust Wallet, Rabby and similar. WMATIC is used across Polygon DeFi: adding liquidity, lending, posting collateral, and trading on decentralized exchanges. If you need plain MATIC to pay gas fees, you can unwrap or swap it back in seconds.