Did you know that Klaytn is the #1 blockchain platform in South Korea? Kakao, Korea’s biggest mobile developer, founded a subsidiary GroundX, which developed this chain in 2019. The token promises to tackle the global market and expand worldwide, so is now the right to swap KLAY to MATIC?
That’s a good question that we’ll try to answer in this guide. After all, Polygon is among the top ten cryptocurrencies at the moment, so acquiring this token doesn’t seem like a bad investment. Here are the top swapping options and all the important details about this trading pair!
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Godex
Godex established itself as a user favorite among anonymous crypto exchanges and for good reasons. For starters, you don’t need to register or provide personal data, so you stay incognito during the entire process, and that’s the basic idea of the crypto market.
You don’t have to worry about losing money due to market price fluctuation, as Godex keeps the exchange rate fixed for a certain time. The platform supports all major coins, such as BTC, ETH, and XRP, as well as about 300 other tokens, including KLAY and MATIC. No limits exist on the number of trades or the amount of tokens you can swap, giving you complete freedom in this regard.
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Swapika
Swapika is another exchange with no sign-up required, which means you can visit the site and head into the exchange process immediately. The platform promises to finalize most swaps in five minutes, but that will depend on the coin’s network and other details.
You can trade over 700 different currencies on Swapika, ranging from BTC and altcoins like BNB to stablecoins like USDT. The support is available 24/7, which is convenient if you have any questions. Swapika’s team has years of experience in the industry, and that helped them create a user-friendly platform with a simple exchange process.
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StealthEx
StealthEx features a simple website layout, which is great since it’s easy to navigate and perform the desired swap. As a non-custodial exchange, it never gets access to your funds, and there’s no need to register an account or provide personal data.
You’ll find over 700 assets on StealthEx, including MATIC and KLAY. You don’t have to worry about trading limits on this platform, and if you want to swap crypto on mobile phones, the exchange has a free Android app. It’s also possible to purchase crypto, with over ten fiat currencies supported by the platform.
What Is So Special About the KLAY to MATIC Trading Pair?
Klaytn can serve enterprises but also meet gaming-related and other metaverse needs. The specific thing about this network is that it features BApps or blockchain apps. It doesn’t make the developer use the app on Klaytn’s Service Chains, and it’s even possible for centralized software to communicate with this network to benefit from its security and transparency.
KLAY entered the market in 2019, and it took a couple of years to reach its all-time high, which arrived in April 2021. At that point, the token’s value was $4.38, but that’s nowhere near compared to today’s worth of around $0.18. KLAY’s market cap is $575 million, while there are over three billion coins in circulation at this point. The total supply is 5.75 billion KLAY tokens, so the coin still isn’t near it.
As for Polygon, it has kept its position among the top ten coins, with a market cap exceeding $8.2 billion. MATIC has a total supply of ten billion tokens, with almost 93% in circulation at the moment. The token’s worth is $0.88, and it showed a positive trend in the last couple of months.
Polygon does a good job of resolving some of Ethereum’s scalability problems. Coinbase and Binance both support this Layer-2 scaling solution, which can achieve up to 65,000 transactions per second. MATIC still doesn’t support any basechains apart from Ethereum but has ambitious plans for the future.
Summing Up
At first glance, you can’t deny that Polygon is already delivering what the network initially promised. It operates on the Ethereum blockchain while resolving its scalability and other performance issues. Its success is best seen in the fact that MATIC has been in the top 15 tokens for years.
Klaytn is a newer network and one that enjoys a good reputation in South Korea but still needs to be accepted worldwide. It’s why converting KLAY tokens to Polygon might be a good idea at this point, as you’ll obtain coins that rank higher in the crypto world. That doesn’t mean you should do this with every crypto. For example, read the WAX vs MATIC comparison before you go ahead with this exchange, and remember the decision is ultimately up to you.