Polygon MATIC All-Time High: $2.92 on December 27, 2021
Polygon (MATIC) achieved its all-time high price of $2.92 on December 27, 2021. This peak came at the height of the 2021 crypto bull market, driven by explosive growth in DeFi, NFTs, and Ethereum Layer-2 adoption.
In February 2021, Matic Network rebranded to Polygon, signaling its broader ambition as a multi-chain Ethereum scaling ecosystem. This triggered a massive rally: MATIC surged over 7,000% in just three months, hitting an initial peak of $2.68 in May 2021.
After briefly correcting to $0.70 in July 2021, MATIC resumed its upward trajectory thanks to strategic partnerships with Uniswap, Aave, and other blue-chip DeFi protocols. By December 27, 2021, it reached its final ATH of $2.92.
Key Factors Behind the ATH
- Polygon's rebrand from Matic Network in February 2021 sparked initial bullish momentum
- Ethereum network congestion and high gas fees drove users to Layer-2 solutions like Polygon
- Integration with major DeFi platforms including Uniswap, Aave, and SushiSwap
- The broader 2021 bull market and NFT mania further amplified demand for MATIC
- Polygon's market cap peaked near $20 billion during this period
ATH vs Current Price
From its ATH of $2.92 in December 2021, MATIC (now rebranded to POL) has declined significantly. As of early 2026, the token trades around $0.095–$0.10, representing roughly a 97% decline from the all-time high. The token is currently ranked around #54 by market capitalization with a market cap near $1 billion.