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Polygon Co-Founder Floats Return to MATIC Ticker After POL Confusion

No formal proposal has been filed after last year's migration that converted about 99% of MATIC to POL.

Overview

  • Sandeep Nailwal asked for feedback on X, calling a potential reversion a “thought experiment” prompted by reports that many users still look for MATIC.
  • Community reaction is split, with some urging a return to the recognizable MATIC name and others cautioning that another switch could worsen confusion.
  • POL is trading about 89% below its March 2024 peak of $1.29, a backdrop frequently referenced in debates over branding and adoption.
  • Reinstating MATIC would require coordinated action by exchanges, wallets, and data platforms, raising the risk of fragmented ticker usage.
  • POL was introduced under Polygon 2.0 to extend utility beyond gas and staking into roles such as data availability and sequencer decentralization.