Polygon (formerly Matic Network) is a blockchain scaling solution designed to address Ethereum's network congestion and high transaction fees. As a multi-chain framework, it enables various scaling technologies like Plasma, Optimistic Rollups, and zkRollups to work together while maintaining high compatibility with Ethereum.
POL Upgrade: Official Mainnet Launch Scheduled for September 4, 2024
The Polygon Foundation announced on July 18, 2024, that after community consensus, the MATIC token will officially rebrand to POL on September 4, 2024. Initially, POL will replace MATIC as the native gas and staking token for Polygon PoS, later playing a key role in AggLayer, a core component of Polygon 2.0.
👉 Learn more about POL's upgrade roadmap
Polygon (POL) Key Metrics
| Metric | Value |
|---|---|
| Token Symbol | $POL |
| Market Cap | $2.52B (as of April 2025) |
| Category | Layer 2 Scaling Solution |
| Blockchain | Ethereum (ERC-20) |
| Circulating Supply | 10.41B POL |
| Total Supply | 10.41B POL |
Source: CoinMarketCap
What is POL Used For?
- Gas Fees: Covers transaction costs on Polygon networks.
- Staking & Security: Validators and delegators stake POL to secure the network.
- Governance: POL holders vote on ecosystem upgrades.
Polygon (POL) Price History
POL has experienced significant volatility since 2021:
- All-Time High: $2.93 (December 2021)
- 2025 Price: ~$0.24 (April 2025)
Polygon Chain vs. Other L2 Solutions
| Chain | Protocols | Active Users | TVL |
|---|---|---|---|
| Base | 503 | 864K | $3.09B |
| Arbitrum | 798 | 195K | $2.27B |
| Polygon | 608 | 432K | $837M |
Source: DeFiLlama (May 2025)
👉 Discover Polygon's AggLayer technology
FAQs About Polygon (POL)
Q: How does POL differ from MATIC?
A: POL introduces governance features and will power Polygon’s AggLayer for cross-chain interoperability.
Q: Where can I buy POL?
A: Major exchanges like Binance, OKX, and Bybit support POL trading.
Q: What’s next for Polygon?
A: Focus includes AggLayer expansion and ZK-proof adoption via Plonky3.
Final Thoughts:
Polygon’s transition to POL marks a pivotal shift toward becoming a unified multi-chain network. With AggLayer and enhanced governance, it aims to redefine scalability in Web3.
Do you have questions about POL? Drop them below! 👇