Loading article…
Polygon is transitioning from MATIC to POL over four years. Recent data shows a price decline, while the network focuses on Ethereum scaling.
Polygon is currently executing a multi-year transition from its MATIC token to the new POL token, designed to power the network's Layer 2 ecosystem [1]. Despite this structural shift, recent market data indicates that the token has faced downward pressure, with a reported price decline over the past week [1].
Key takeaways
The Polygon network is undergoing a significant upgrade with the introduction of POL, which will serve as the native coin for transaction fees and staking rewards [1]. This token is designed to support a vast ecosystem of zero-knowledge-based Layer 2 chains and will gradually replace the existing MATIC token over a four-year
Coverage is mostly measured — 11 of 12 reports stay neutral.
Every Monday — the token unlocks, Fed dates & catalysts set to move crypto and markets this week. So you’re never blindsided.
Free · 3-min read · one-click unsubscribe
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jun 12, 2026 · How we report
Polygon aims to scale the Ethereum network by providing a multi-chain system that addresses high transaction fees and slow processing speeds.
The project was launched in 2017 by four software engineers: Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic.
POL is the native token used for staking to validate network transactions and serves as a settlement currency within the ecosystem.
Yes, Polygon has collaborated with companies such as JPMorgan Chase, Starbucks, Mastercard, and Reliance Jio for various blockchain-based projects.