The native coin you earn and spend for compute
MATRIX is the native coin of the Matrix L1 consensus chain, and the single source of truth for balances and supply. Every compute job and every LLM inference request settles in native MATRIX through consensus. A bridged wrapped ERC-20 mirror (wMATRIX) lets the same coin be represented on Ethereum for a future exchange listing, backed 1:1 by native MATRIX locked on the L1.
Native first, one currency end to end
One coin end to end. Provider earnings come from a genesis allocation and a genesis-funded reward pool - capped, supply-tracked issuance rather than minting at will.
- Native coin of the Matrix L1: the single source of truth for balances and supply
- 9 native decimals, capped at 1,000,000,000 whole MATRIX (no unlimited minting)
- All compute and inference settlement is native MATRIX applied through consensus
- The same 1,000,000,000 MATRIX maps to the 18-decimal wrapped mirror by an exact 1e9 factor
The bridge: a wrapped mirror for listing
wMATRIX is not the settlement token. It is a mirror, minted only against native MATRIX locked in escrow, so it can be represented on Ethereum. The bridge runs against local and test networks only: it is not deployed to any public Ethereum network, so there is no wMATRIX to buy or sell yet.
- Native lock to wrapped mint: minting requires a threshold of validator secp256k1 attestations that native was locked
- Wrapped burn to native unlock: a burn emits an on-chain Burned event that is decoded into an authorization to release the escrowed native MATRIX, applied exactly once per event
- Backed 1:1 by locked native, reconciled through the exact 1e9 conversion factor
- Local and test networks only, not deployed to a public Ethereum network
Understand the coin
Compute marketplace
See how native MATRIX changes hands when buyers pay providers for compute and inference.
Architecture
How supply, the reward pool, and the wMATRIX bridge fit into the wider Matrix design.
Earn and spend native MATRIX
Run a node, serve compute, and settle in the coin of the Matrix L1. Download a build or read the docs to begin.