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Polygon (prev. MATIC) (POL) $ 0.09704344 0.59%
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About Polygon (prev. MATIC)
POL (POL) is a next-generation governance token that has become the cornerstone of Polygon 2.0’s upgraded infrastructure. Introduced in 2023, it replaced MATIC as the primary asset used to secure multiple ZK-powered blockchains across the ecosystem. POL features a unique “hyperstaking” mechanism that allows validators to secure several chains simultaneously and earn rewards from multiple sources. The token is used to pay transaction fees, maintain network integrity through staking, and participate in decisions concerning the development of key components such as AggLayer. POL provides the foundation for building a scalable, borderless internet platform.