# Polygon Network Completes Token Upgrade to POL

**Published:** 2026-06-12T11:53:37.315Z  
**Topic:** Polygon Matic  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/38693054-e951-4e9c-8174-a177a6e64bdb

Polygon's native token transitioned from MATIC to POL in September 2024. POL serves as the gas and staking token for the Ethereum scaling solution.

Polygon, a blockchain platform designed to scale Ethereum, has officially upgraded its native token from MATIC to POL. The transition, which took place on September 4, 2024, positions POL as the central gas and staking asset for the network [2]. This upgrade supports the platform's goal of providing a multi-chain system compatible with Ethereum while addressing issues like high fees and slow speeds [1].

**Key takeaways**
*   Polygon's native token transitioned from MATIC to POL on September 4, 2024 [2].
*   POL functions as the gas token for transactions and a staking token for network security [2].
*   The platform uses a modified proof-of-stake consensus mechanism to validate transactions [1].
*   Major partners include JPMorgan, Starbucks, Google Cloud, and Jio Platforms [1].

## Technical upgrade to POL token

The migration from MATIC to POL was described as a strategic move to align the network with its expanded capabilities and a revamped roadmap aimed at real-world scale and utility [2]. POL is an ERC-20 token that serves as the native gas token, powering all transactions within the ecosystem [2]. Beyond transaction fees, the token is used for staking, a process where holders lock up tokens to secure the network and validate transactions [1]. In return

## Sources
1. Wikipedia — [Polygon (blockchain) - Wikipedia](https://en.wikipedia.org/wiki/Polygon_(blockchain))
2. CoinMarketCap — [Polygon (prev. MATIC) price today, POL to USD live price ...](https://coinmarketcap.com/currencies/polygon-ecosystem-token/)

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Cite as: TrendWatcher, "Polygon Network Completes Token Upgrade to POL", https://www.trendwatcher.in/article/38693054-e951-4e9c-8174-a177a6e64bdb