Polygon Transitions from MATIC to POL in Major Network Upgrade

The upgrade introduces new tokenomics and expands utility across the Polygon ecosystem.

POL replaces MATIC as the native gas and staking token on the Polygon PoS chain.
The transition is part of the broader Polygon 2.0 roadmap, focusing on zero-knowledge proofs and interoperability.
Token holders on Polygon PoS will be automatically upgraded, while those on Ethereum and other networks have the option to migrate.
POL will have an annual emission rate of 2%, with 1% allocated to staking rewards and 1% to the community treasury.
The upgrade aims to diversify POL's utility, including staking services and cross-chain interoperability.