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POL (ex-MATIC) is the new native coin for Polygon, replacing MATIC over four years. Learn about its live price, market cap, and the Polygon 2.0 upgrade.
POL (ex-MATIC) functions as the native coin for the Polygon network, designed to gradually replace the existing MATIC token over a four-year period as part of the Polygon 2.0 initiative [2]. This ERC-20 token is utilized to pay transaction fees and distribute staking rewards across the ecosystem, powering a vast array of zero-knowledge-based Layer 2 chains [2]. Currently, the asset has a market capitalization of approximately $784 million, with 11 billion tokens reported as tradable on the market [2].
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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.