Stader MaticX (MATICX) is a cryptocurrency that operates on the Matic Network, a layer 2 scaling solution for Ethereum. MATICX aims to improve scalability, reduce transaction costs, and increase transaction speeds on the Ethereum network through its technology. The project utilizes a proof-of-stake consensus mechanism and offers various decentralized finance (DeFi) applications and services. MATICX has gained popularity among users looking for faster and cheaper transactions within the Ethereum ecosystem.