# Polygon (POL) Price, Market Cap, and Token Migration

**Published:** 2026-06-12T11:53:37.315Z  
**Topic:** Polygon Matic  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/ee9b6491-8143-4e1b-8b1b-a98ccc11701c

Polygon's POL token is replacing MATIC. Current price is around $0.0745 with a market cap near $794 million, according to recent exchange data.

Polygon is undergoing a significant transition as its new native token, POL (ex-MATIC), gradually replaces the previous MATIC token over a four-year period as part of the Polygon 2.0 upgrade [1]. Currently, the token is trading at approximately $0.0745, reflecting a slight decline in recent market activity [2]. This asset serves as the utility coin for the network, facilitating transaction fees and staking rewards while powering zero-knowledge-based Layer 2 chains [1].

**Key takeaways**
*   POL is replacing the MATIC token over a four-year timeline as part of Polygon 2.0 [1].
*   The token is currently priced around $0.0745, with market capitalization estimates ranging between $784 million and $794 million [1][2].
*   Trading volume has increased by 9.10% in the last 24 hours to reach approximately $41.4 million, though the price is down 3.90% over the past week [1].
*   POL reached an all-time high of $1.29 and is currently trading 94.30% below that peak [1].

## Market performance and valuation metrics
Data providers show slight variations in current valuation metrics for the Polygon ecosystem token. Binance lists the price at $0.0745046 with a market capitalization of $794.1 million and a 24-hour trading volume of $50.9 million [2]. CoinGecko reports a slightly lower market cap of approximately $784.2 million and a trading volume of $41.3 million, noting a 9.10% increase in daily activity [1]. Despite the recent volume uptick, the token has underperformed the broader crypto market, dropping 3.90% over the past week compared to a global market rise of 3.10% [1].

The token's price history highlights significant volatility from its previous highs. POL reached an all-time high of $1.29 and is currently trading 94.30% below that peak, though it remains 3.20% above its all-time low of $0.07129 [1]. Circulating supply figures differ slightly between sources, with CoinGecko listing 11 billion tradable tokens and Binance reporting 10.7 billion in circulation [1][2]. Both sources indicate a fully diluted valuation that aligns closely with the current market cap [1][2].

## Token utility and migration timeline
The shift to POL is designed to support a vast ecosystem of zero-knowledge-based Layer 2 chains, functioning as an ERC-20 token essential for network operations [1]. It is used to pay transaction fees and distribute staking rewards within the Polygon network [1]. Investors can trade the token on major centralized exchanges, with Binance identified as the most active market for the POL/USDT pair, which recorded a trading volume of nearly $4 million in the last 24 hours [

## Sources
1. CoinGecko — [POL (ex-MATIC) Price: POL/USD Live Price Chart, Market Cap & News Today](https://www.coingecko.com/en/coins/polygon)
2. Binance — [Polygon (prev. MATIC) Price Today | POL to ZAR Live Price, Market Cap & Chart](https://www.binance.com/en-ZA/price/polygon-ecosystem-token)

---
Cite as: TrendWatcher, "Polygon (POL) Price, Market Cap, and Token Migration", https://www.trendwatcher.in/article/ee9b6491-8143-4e1b-8b1b-a98ccc11701c