The Polygon POL token is the successor to MATIC and represents Polygon's vision for a unified, multi-chain future. The transition from MATIC to POL began in September 2023 on Ethereum mainnet.
What Is POL?
POL (Polygon token) is designed to be the native gas and staking token for the entire Polygon ecosystem, including the Polygon PoS chain, Polygon zkEVM, and any future chains that join the AggLayer. Unlike MATIC which was specific to Polygon PoS, POL is designed to work across all Polygon-connected chains.
MATIC to POL Migration
The migration from MATIC to POL follows a simple 1:1 conversion rate:
- Conversion Rate: 1 MATIC = 1 POL
- Migration Method: Smart contract on Ethereum mainnet
- Status: Ongoing — MATIC tokens remain valid
- Deadline: No official deadline announced
Holders can migrate their MATIC to POL by interacting with the official Polygon migration contract. Major exchanges including Coinbase, Binance, and Kraken handle the migration automatically for users who hold MATIC on their platforms.
POL Token Utility
POL serves multiple functions in the Polygon ecosystem:
- Gas Fees: Pay transaction fees on Polygon PoS (replacing MATIC)
- Staking: Stake POL to become a validator or delegator on Polygon PoS
- AggLayer Security: POL will secure the AggLayer aggregation layer
- Governance: POL token holders can vote on Polygon ecosystem proposals
POL Tokenomics
The POL token has an initial supply equal to the total MATIC supply of 10 billion tokens. Unlike MATIC, POL introduces an inflation mechanism of approximately 1–2% annually to fund staking rewards and ecosystem development, without capping the maximum supply at 10 billion.
Where to Buy POL (ex-MATIC)
POL can be purchased on all major cryptocurrency exchanges that previously listed MATIC, including Coinbase, Binance, Kraken, Bybit, OKX, and many others. The token is listed under both MATIC and POL tickers on different platforms.
