Polygon, a prominent layer-2 network on the Ethereum blockchain, is undergoing a significant transition by swapping its longstanding MATIC token for a new POL token. This upgrade, set to begin on September 4, is part of Polygon's 2.0 roadmap aimed at enhancing its zero-knowledge-based ecosystem and expanding the utility of its native token. The migration is expected to provide more flexibility in token issuance and improve the network's overall functionality.
Despite the technical upgrade, MATIC's price remains volatile, with recent market activities indicating potential bullish momentum. Analysts suggest that the current price dip may be a healthy retracement, setting the stage for a possible rally above $0.70. The community retains the power to establish a deadline for token migration, ensuring a smooth transition process. This strategic move reflects Polygon's commitment to innovation and maintaining its competitive edge in the rapidly evolving cryptocurrency landscape.
Polygon's POL Token Launch: What Investors Need to Know
October 10, 2025
1 min read
Polygon, a prominent layer-2 network on the Ethereum blockchain, is undergoing a significant transition by swapping its longstanding MATIC token for a new POL token. This upgrade, set to begin on September 4, is part of Polygon's 2.0 roadmap aimed at enhancing its zero-knowledge-based ecosystem and expanding the utility of its native token. The migration is expected to provide more flexibility in token issuance and improve the network's overall functionality.