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The new kid in town (Polygon) has been on the rise lately. Many "De-Fi" lending platforms that were on the Ethereum blockchain have switched to Polygon (MATIC). The reasons for such a move are quite obvious. Ethereum's high fees and slow processing times makes it unsuitable for "De-Fi". It's why some people are moving into alternative smart contract platforms like the one mentioned earlier. If the trend keeps up, Ethereum might lose market dominance as its rivals gain traction in the mainstream world. First it was Polkadot, then it was Binance Chain, and now it's Polygon (MATIC). Which of these platforms will beat Ethereum is yet to be seen.

What do you think? Is Polygon (MATIC) better than Ethereum? If not, why? Do you think Polygon has a chance of overcoming Ethereum in the future? Isn't the market saturated with many smart contract platforms already? Your input will be greatly appreciated. Thank you. :)

Ethereum fee and scaling issue will be the reason for its demise. After so many month now the Gas fee has gone drastically down. I still believe in Ethereum but they need to act on their issue fast. In the meantime I think BSC will take a lead as it is an exact copy of Ethereum.

I don't think any platform will be able to overtake ethereum anytime soon. There is very little time left before the problem of high transaction fees on the ethereum network is solved. This should happen in July. In addition, after the fall in prices in the cryptocurrency market, the payment for gas in the ethereum network is already 30-50 Gwei, which is already quite acceptable. In the near future, most likely, we will see the return of projects to the ethereum platform and a significant increase in demand for this coin.

Matic is obviously rising up, it's the only one we have seen in the past few days that got back up again quickly which suddenly brings them to the top 20. But I certainly doubt it will rival ETH. BSC still is going to improve as well. There's a lot to bring down before they could even picking up the momentum and get more projects into their platform.

I think it still too early to talk about ETH and Matic, the issue will be fix it by ethereum after they do the major upgrade on ETH 2.0. I think the real contender for ETH right now is only BSC, but we better wait how good it is ETH 2.0.

ETH 2.0 will certainly help Ethereum resolve it's issue but when will it happen? In the meantime BSC has been gaining momentum, which actually is a loss for ETH. There are a lot of projects that are now using both ETH and Matic network, that is why matic is now pumping.

At the present time it is clear that new platforms are exploiting limitations that Ethereum has not been able to solve. Personally, I think now that these new platforms all show that they bring users more convenience in use, but to surpass Ethereum is another story, I don't think there will be a project to replace the position that Ethereum has, the problems of Ethereum will soon be solved.

ethereum weakness be main key product that developted by ethereum competitors. they think network scalability and transaction fee will be main feature to attract community and build ecosystem.  matic and binance smart chain successfull to adopt this feature and now alot investors hold and put huge allocation in their bag.

It is hard to say that Matic will beat ethereum because Matic is a new token and needs times before it can do that. It's like what ethereum did before because every potential coin needs to work hard and proves to the investor before the coin can become worth it to invest. We need to give more time for Matic and if that coin really has big support from the investor and people, Matic will increase at the right time. Otherwise, it is just like most coins that will not give a big result in the future.

Polkadot, polygon, and BSC I think have capabilities that should be considered to compete with ethereum in the future.
now all offer something cheaper and faster. while Ethereum has not been able to solve its problems for quite a long time.
The BSC will probably stand out even more because of the impact of strengthening binance on the crypto market. but METIC and DOT are quite good assets with a strengthening market and a growing community. all set to heat this market.

Polygon was a second layer solution for ethereum and it doesn't even compete with ethereum. It was also providing the bridge for the polygon asset to the ethereum asset easily. that being said that if ethereum was not competing with polygon as polygon has the vision to fix ethereum scalability problem through its protocol.

It can be said that polygon is still below ethereum and ethereum is still number 1 of other cryptocurrencies, so the ethereum blockchain will never be beaten by other platforms.

Recently I started using Polygon and basically everything is fine. But Ethereum remains the best option for me. Commissions will be lower and they have already shown it.

Maybe MATIC can really leave Ethereum behind in the future. Because it has limited supply (which is 10 billion though  ;D) rather than Ethereum. However, Ethereum's supply is 116 million which helps it become much more valuable than MATIC. But the factors you indicated are also very important. I believe this is just a start for MATIC. But I have doubts about whether it can reach Ethereum's level.

we never know ethereum could beaten or or not by another platform. the thing i know only many developers working to developt blockchain or platform with easinest in smart contract creation and also low transaction fee. the lastes point was be the weakness of ethereum so core team must as soon as solved this or project will migrate to this platform.

I feel that there are more and more smart contract platforms in some altcoins that allow us to have many options to find hidden gems, while matic is currently too early to compete with ETH because I feel that matic is still too new to this market whose strength has not been tested when the market is bearish struck.

At this moment, it is evident that new platforms are taking advantage of flaws that Ethereum has yet to address. I believe that these new platforms have demonstrated that they provide consumers with greater ease of use, but that surpassing Ethereum is a different story. I do not believe that a project will emerge to take Ethereum's place, and that Ethereum's difficulties will be resolved soon.

The correct thing must be there was no competition between ethereum and matic. Matic as a second layer solution for ethereum try to bring the best solution for the ethereum users to be able to send their ethereum asset with the cheap fees through use the matic chain that will be bridged again back to the ethereum. That means it's the same like RSK with bitcoin chain.
RSK has become a side solution for bitcoin chain.

True, I don't agree that Polygon(Matic) compares to Ethereum. Ethereum is extremely far from Polygon(Matic), as we all know Polygon is later 2 sidechain on Ethereum, so it's useless to compare it.
If there is no Ethereum, 100% there is no Polygon(Matic) now.

There's other reason as well, network scalability and transaction fee isn't really the main thing that makes a project succesful exploiting that weakness which ethereum has, BSC could become so big because it was advertised like crazy by binance while matic
giving 2nd layer solution to ETH's lack of ability to scale, but what's make me curious is how things gonna unfold when ETH 2.0 phases fully rolling out, it's gonna change the blockchain circumstance significantly I think.

I have some small stash of Matic since a very low price but I will sell it as soon as ETH2 arrival is imminent. ETH2 will kill Matic but I am riding the hype wave till ETH2 comes.

Agreed. It appears not many people in the forum has properly researched these next generation projects. The cryptospace has been evolving very quickly since the last bull market with Defi moving up in market capitalization. I speculate by the end of the bull market we might have 3 Defi tokens in top 10.

However, what would happen to Polygon and other commit chains on Ethereum when Eth 2.0 is completed?

Polygon has different usecase than ETH so I dont think comparing this two coin is a good idea Polygon is a scaling solutions to blockchains like eth to solve scalability and interoperability and avle to solve transaction fees so its not more on competing eth but to solves some of its issues. 

Yes and because of this it will become unneccessary when ETH2 is here. This is soon so I don't intend to become stuck with a bag of matic.

It is clear to everyone that Ethereum is not perfect and there is still a lot of work to be done to achieve great results (although Ethereum is still one of the best coins on the market).

Polygon is fast, works well and transactions with it are less than a cent. These are all good reasons for the rapid growth of users of the Polygon.

Honestly, I can't predict whether Polygon will overtake Ethereum, but as you said - if things continue in the same direction, Ethereum has a real chance of losing its dominance.

All projects that come from layer 2 have one thing in common: a redundancy operation. I admit Polygon has the best features for the high demand of the crypto industry. However, Ethereum still has friendliness and ease, along with massive supported liquidity. While, Polygon needs one more step from Accendex or MXC or simply Sushi, Quick... Most exchanges like binance, okex, kucoin do not yet support Matic mainnet. Therefore, I rate Ethereum still in a superior position.

But all that could soon change when the layer 2 rally is already on fire.

The same goes for Lightning network and Bitcoin network. Without Bitcoin network, which basement Lightning Network will work on?

Polygon (MATIC) is upgrade to be a layer-2 scaling solution (https://coinmarketcap.com/alexandria/article/what-is-polygon-matic) on Ethereum. Polygon is as a derivative and support for Ethereum but it can not be better than Ethereum or replace Ethereum.

It is difficult to compare Bitcoin network and Lightning network then make judgement which one is better.

$NEAR is a better solution than MATIC

If indeed that strategy can be very good for you to run, then just continue, because in general ETH will always be more useful, especially if ETH2 is fully usable by everyone, automatically Matic will be devoid of enthusiasts.

I don't think this is a fair comparison
better compare Polygon with Binance smart chain or fantom

polygons like bsc which are just trying to improve the erc which has recently been charging users extraordinary fees
for the convenience of the fee charged, I prefer polygons which are the cheapest and faster than ethereum

it's also not necessarily true. ETH wins a huge asset but such a lengthy renewal could miss these good market moments.
because if you look at this year belongs to MATIC, BSC, and DOT. you can see how their development keeps the market running quite well.

Ethereum was a unique coin.It can't compared by any other coin including the Matic.Matic is the good potential coin,no doubt on that.Matic made a many millionaire in a short period.The people who brought at 0.3$ are the luckiest one.Now the matic price was 1.8$,1.5$ per token was the huge rise in altcoin.So they may get huge rise for their brought token.But it can't take the place of Ethereum.

Actually in general ETH has had a very good development in the cryptocurrency space, even though it feels so long and looks so slow, but the development is very certain, even though you think they missed a good market moment.

If that's the case, then Polygon will only become a complement to the Ethereum blockchain than a replacement. It seems to me that ETH will remain as the "King of Altcoins" for a long time, as no other blockchain network will be able to compete with it. What matters here is decentralization/censorship-resistance above convenience/ease-of-use. Ethereum may have high fees and slow transaction processing times, but it's the most decentralized smart contract platform available in the world today. I guess that's what has kept it going even with competitors like Binance Chain and Polkadot gaining traction in the mainstream world.

With ETH 2.0 and Sharding along the way, there may be no need to use an alternative smart contract platform to enjoy low fees and blazing-fast transaction confirmation times. ETH will solidify its position as the second-largest cryptocurrency by market cap as it becomes bigger and stronger than ever. As some dApps have begun using Polygon (MATIC) for scalability, Ethereum will only grow higher in mainstream adoption over the long term. I'd bet MATIC will become much more valuable than what it is right now if demand continues to soar towards new ATHs. Just my opinion :)

No and no. It will not overtake ethereum, and it's not better. It's just a currently preffered choice to combat high gas fee's and recent "dog" caused congestion.
And you're right, having SC is now a buzzword, and everyone has it.

MATIC is good but still it's not as good as other Chain like BSC, We still need to interact with Ethereum Network and it cost high fee beside that confirmation time through checkpoint it's really long (Around 3 hours) I personally already use matic to swap TAP Token before and i suppose BSC Still better since it's much simpler and lower fees.
As i said before it's was good and have lower fees but i don't think it's going to overcome Ethereum, We have another option like BSC or TRX, Just my personal opinion. What do you think guys?

Polygon is good for ethereum network  and as it is,  it's not taking over from ethereum  rather,  it bearing ethereum load so ethereum could function well in terms of fee on ethereum network!  Polygon literally is a side chain to ethereum!  So,  I do not see polygon overtaking ethereum!

MATIC is a kind of technology and it is based on Ethereum so it depends on Ethereum. The need to use MATIC is also the need to use Ethereum, so it will always be a follow-up, a shadow of Ethereum.
Comparing the value of MATIC to Ethereum is a false comparison.

https://decrypt.co/resources/what-is-polygon-matic-and-why-it-matters-for-ethereum

In my opinion, ethereum is still on the top in the alternative cryptocurrencies especially now that the fees in ethereum transactions go down so I think ethereum is making their move to keep it stable as on the top in altcoins. Polygon has a great potential to be one of the good coins but not too good to be compared to ethereum.

Polygon scales Ethereum and it's complementary. I think NEAR will be the winning chain that scales Ethereum though. It can run Ethereum on a single shard in a smart contract without breaking a sweat.

NEAR is not a scaling solution similar to Polygon. It’s another blockchain secured by their own type proof of stake called Nightshade. I am not quite certain what the difference is, however, NEAR is not receiving the hype like Binance smartchain, Cardano and Solana.

In any case, wait for the release of Arbitrum. It is another scaling solution for Ethereum that did not issue their own token and it uses ETH to pay for fees. This is the right way to develop a real scaling solution, I reckon.

https://arbitrum.io/

Yes. It's a good thing MATIC is rising in mainstream adoption, especially when the main Ethereum blockchain is highly congested. Since MATIC depends on Ethereum, its success will be Ethereum's success. Many dApps are beginning to use Polygon (MATIC) to solve the scalability bottlenecks on Ethereum. People will be able to enjoy low fees and blazing-fast transaction processing times using their same ETH balances on MATIC. It's a win-win situation for both projects.

I'd say that the real Ethereum competitor is not MATIC, but Binance Chain itself. BNB quickly became the third-largest cryptocurrency by market cap because of its high transaction throughput and scalability. The fact that it's backed by the biggest crypto exchange in the world (Binance) gives BNB a certain advantage over Ethereum. What I don't like about BNB is the high degree of centralization. It's why both MATIC and Ethereum would be a better choice for those looking into decentralization/censorship-resistance above all else. We'll see how everything unfolds in the future as crypto/Blockchain tech continues to grow in popularity worldwide. Just my opinion :)

What happens to this project when Ethereum normalizes their fees and becomes really cheap fees? And you should understand that MATIC is a protocol and not a blockchain.

There will be an important role to play for both, especially as Matic has broadened their focus in their rebranding as polygon. but Matic will take the more centralized things built on top of Ethereum, which like it or, is always going to be a significant part of the blockchain.

if matic main thing is layer 2, what role with matic play when Eth 2.0 runs on level 2?

I think so too, precisely because ETH is the king of altcoins，so if there is a new full of potential coin appears, people like to compare it to ETH, but no one can overtake ETH at least until now.
It's the same reason people tend to compare other currencies to BTC.

Polygon is a layer 2 network of Ethereum. It is technically not a competitor but since they created their own token it would be interesting if it could someday overtake ethereum's market cap. Unlike Liquid and RSK for Bitcoin, Polygon uses it's own native token to pay for gas instead of using ETH which makes ETH completely unnecessary.

I am waiting for that time when the capitalization of Polygon will be able to rival or even greater than that achieved by ethereum.
although it is relatively new, when the market sees Polygons with their own coins as a solution and more attractive than ethereum, we will see how this is achieved.

And when ETH2 comes, there is no Matic either. For the moment I am in a romance with Matic but I shall part with it in time. I am worriied about Matic security and centralisation but for the time being I am pushing the worries aside. Meanwhile BSC and ADA will overtake a share and Binance will also start publicly endorsing  Harmony One as most scalable blockchain with high TPS, decentralisation and security.

there is no vs between Ethereum and Polygon, Polygon is working on Ethereum and for Ethereum success, so there is no room for competition

Polygon will capture L2 solutions to Ethereum, since that is an aggregator, and that will be great for future development on Ethereum, since there will be less fragmentation due to several different L2 solutions
price wise, it is the best to do your own analysis prior to investment, do not just listen people from the internet

Yes. For once, I've thought Polygon was going to challenge Ethereum directly. But after reading more about the project, I've realized that it's all the other way around. With Polygon's scaling solutions, Ethereum could go all the way to the moon in terms of mainstream adoption. This means lower gas fees and greater performance for ETH-based dApps. Several projects begun using MATIC for their own benefit. The more projects use MATIC, the less burden there will be on the main Ethereum blockchain. Imagine how everything would be once ETH 2.0 comes into fruition. MATIC + PoS + Sharding will make alternative smart contract platforms like Binance Chain a thing of the past. Who knows how high MATIC will go in terms of price within a couple of years from now? Just my opinion :)

No doubt Polygon is a good project. But you must understand that Polygon is just a protocol whereas Ethereum is a blockchain.  So no comparison at all.

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Haha, well said. People need to understand ethereum will fix its flaws, as we know vitalik and his team is working on it.

I am so sad for ETH, always being use to compare with other currencies, today compared with this currency, tomorrow with that currency, as years went by, the second place in the crypto market is still stable.

No problem because people who don't like this coin will always try to find the problems it is having.
I also see that a lot of coins follow the current ETH strength as a target, and in fact we all agree that it still holds the position.

IMO, 
Polygon (MATIC) is over pumped and over hyped.

The two worth watching are Algorand and Cardano.   :)

if not eth who do you think is the crypto that is perfect for this comparison .
 no not btc or anything but it was the eth that use that have the feature that they are comparing but sadly eth gone bad  .
 you will understand it if your one of the people that use it before but eth could still be better in some aspects because the coin remains in the second spot .

Actually it will be crazy for anyone to think that matic will replace Ethereum, matic is a L2 on ethereum, so it doesn't stand a chance if we even compare both by their respective marketcap, Ethereum gas fee is no doubt a major issue for eth and while the issue is still not yet resolved other blockchains have used the opportunity to gain attention e.g BSC, at the moment about 98% of all new projects are choosing bsc over eth because of the gas fee issues, when the gas fees issue is resolved we will see projects running on ETH network again.

Being the first is the reason why it become the gold standard when it comes to smart contract., ETH are always being compare to every new smart contract platform that being launch to public, But with all these years, ETH remains the gold standard in the token market.

It's true that the Polygon Matic has a huge potential to perform so well in the long run. But it has to do so well even to get closer. Ethereum has proven to be the best of all alts and it is predicted to reach 5 digit value in next few years. Also people are looking forward to see the impact of ETH 2.0as well. Therefore, I still prefer ETH over Matic under prevailing circumstances.

Even if we put it that way, ethereum will not lose its dominance that easily to the coins you have mentioned despite the advantages that they may currently have to offer to start up projects and the general public. This is because ethereum has already been in this industry too long and has already gained a lot of publicity just like how bitcoin did. And with this logic, even if better platforms emerge suddenly out of the blue like the ones you have mentioned, ethereum will most likely take the same direction as bitcoin and become a store of value too. At least that is the direction in which I think ethereum would be heading if ever its utility gets too far behind the new generation.

I don't think we can compare Ethereum to Polygon. If we force a comparison between Ethereum and Polygon, I think this is an irrelevant comparison. Polygons can only be compared with Polkadot and its equivalent coins.

So far, many projects have competed with Ethereum. None of them could win against Ethereum. MATIC is a really great startup, but it can't compete with Ethereum. I hope the MATIC project will proceed successfully, but I think Ethereum will be unrivaled and market leader.

At the moment, very few projects have been created on the Polygon blockchain, so you can't compare Matic with the Ethereum network. There are so many blockchains that have very low fees on the network, but none of them even came close to ethereum to be called a competitor.

poligon / matic is a project too new to be able to think of annoying and taking the place of eth at the top of the altcoins, meanwhile the fees on transactions on the eth blockchain have decreased a lot and in any case the most likely candidate to be able to replace eth is bnb on bsc

matic is for now a lot of people who idolize it and it was proven when the matic shot up but I think this matic is very good but only for the short or medium term, not for the long term.
other than that comparing it to ethereum I think it's too early for that, even though ethereum is still having problems in gas but ethereum is still the prima donna among altcoin lovers and it's too early for polygon to compare with eth especially it is claimed to be better it's still too early

ethereum will not be shifted because polygon and bsc use erc20 as a reference and fix fees only.  although ethereum is classified as a "blood-sucking coin" because of its high fees, the trading volume of ethereum every day is very large and active on almost all existing exchanges.  

And now this is the comparison? We had eth vs bnb for like a year now and now it is time for matic vs eth? Can we just stop with comparison and hope that they all do great? I want matic to do great, I want ethereum to do great and I want bnb to do great, while we are at it I want bitcoin to do great, and litecoin to do great, hell even doge to do great even though I dislike it personally because every single coin doing great would mean that we are talking about something that is beneficial for everyone.

One of those coins going up usually means the market is going up, I haven't seen too many times when a coin goes 100% higher while all others stay the same or go down, that means in most probable situations if a coin goes up too much then all others are going up as well. Which is why I hope ALL coins go up, not just some, and I do not compare them, I want them all to succeed.

In theory, changing matic to polygon is of course a special attraction because with this indirectly the fee problem on the eth blockchain is at least slightly resolved with this. besides that, matic also creates a second layer on the ethereum network, so that DeFi users can transact in collaboration with polygons, and at a lower cost and don't leave the ethereum network. I think this is very good and of course I'm not the only one who thinks like that because this is the main attraction for the fans.
but even though it's like that for now, I think matic is only good for trading and for short-term investment, because with things like this and the pump that has happened before, I think it's too risky to do it in the long term.
and regarding matic, which is better than eth, I don't think this can happen yet and the possibility is very small for matic to beat eth. even though eth is too big in terms of gas but polygons are also more or less still referring to him besides that there are still many people who like eth therefore it is very unlikely that matic beats eth

What I do know is that, the team of a platform will always choose what they think is right, and in most cases they end up doing the right thing and in some cases, the wrong thing. Having this in mind, one will see clearly that the issue is not actually moving from one blockchain to another but the main focus is achieving whatever aim and objective the team already sets out.
Now, if we remember clearly, this year or late last year, BSC chain took the center stage and some projects from Ethereum blockchain migrated to it, new projects found it easier because of low case fee and some projects knowing that Ethereum will always remain the king of smart contracts created a sort of token bridge hence having their token both on Ethereum and BSC.
Nevertheless, as time goes on, it became evident that the reason for migration is to pump their token price at that juncture and after that, no much development again.
The reason for all these Is, same thing is going to be experienced in Polygon as only few projects will migrate to achieve their goals and many doing so just to create hype, pump their token and that's it.
In my opinion after all said and done, a lot of these projects will still go back to Ethereum moreover, Ethereum gas fees is reducing drastically. And No, Polygon do not stand a chance at overtaking Ethereum, BSC tried after all hype and yet it didn't.

Although many people move to Matic, it doesn't mean that Matic is better than Ethereum. I am sure that because of the lower fee, many people choose this and how they see the fundamentals of that coin itself. However, recently, Etherum platform also has decreasing fee, so that it may be mean that Eth will be back to its good condition  :)

And of course, many people will also say so, like what happens to previously such as DOT, NEO, EOS, and others, said that they are better than ETH, will replace Ethereum, but in fact, they still can't. Not know if in the future.

Are you talking about trading pairs with ETH, they are planning for the upgrade for a long time and the change they are planning to implement is really complex and it will take a long time for them to implement everything but we are yet to see how a major platform moving to POS will perform and whether they will be centralized like we expect all POS coins are.

Do not trust the rankings as everything can change easily, example is Doge and it is was no way near the top ten and one rally and it raked well above some of the top coins we thought will never change, so rankings means nothing and we will see changes according to the market movement.

For me that is a natural process for now. People move to Binance Smart Chain and Matic because it is cheaper to interact with the network. There is nothing weird about it. Those networks currently offer the most favorable conditions from a user perspective and the user is what counts. Think about the mobile phone sector back when Apple had its debut. People just saw that the phone's usability is better than the usability of any other phone. Ethereum needs to improve quickly.

We will see if there will be such improvements this coming month when they implement this EIP 1559. Right now, some crypto users are using BSC or this Matic because of economical fees. But ETH network is still the popular one. Also, I haven't seen a lot of Matic users here, more on BSC users. Matic right now may have the advantage in terms of network fees over ETH, but it doesn't mean that they are popular than ETH. We will know if there will be a lot of projects creating under Matic network. But right now, ETH is still leading among them.

comparing polygon and ethereum or ethereum with another platform will not get certain answer. all of platform have their advantages and disadvantages to applied, most investors or project developers concern on transaction fee not in simplicity in token creation. creating smartcontract in ethereum, bsc, polygon or other platform need high skill programming. And now how about  comparing all platform with Hathor network which provide feature smart contract creation in only single click and zero fee.

I trade 0xMR and WasabiX on Polygon but I think $NEAR will make Polygon obsolete.

Polygon looks more attractive compared to other platforms because its interface is compatible with Ethereum and does not require any complex configuration. Polygon's liquidity is very good across major trading directions.
I don't see any reason to use other decentralized platforms yet.