Polygon (POL) Loading...
Polygon is a family of Ethereum-compatible networks designed to make blockchain apps fast, low-cost, and easy to use. The core network most people know is the Polygon blockchain (often called Polygon PoS). In 2024–2025, Polygon completed a large token upgrade from MATIC to the POL token. POL is now the native gas and staking asset across Polygon PoS and is being designed to power a growing multi-chain ecosystem that includes zkEVM chains and networks connected by Polygon’s AggLayer. For everyday users, that means sending, swapping, minting NFTs, and playing games with quick finality and very low fees, while builders get Ethereum security and tools that feel familiar. On Polygon PoS, every transaction now uses POL as gas, and the network supports “tens of thousands of dApps,” highlighting broad adoption across DeFi, NFTs, and gaming. (polygon.technology)
POL is more than a gas token. It is designed to secure many Polygon chains, reward validators and delegators, and fund the ecosystem through a long-term community treasury. In simple terms, it’s the fuel that keeps apps running and the glue that connects a future of many Polygon-linked chains. As the ecosystem grows, dashboards and exchanges will show the latest POL price, but the token’s day-to-day utility is what drives activity across Polygon DeFi, NFTs, gaming, payments, and tokenization. (docs.polygon.technology)
As of 11/11/2025 20:00 UTC, Polygon (POL) trades at $0.174 with a -2.83% move over the last 24 hours.
The market capitalization stands at $1.9B, placing it at rank #70 by market value.
Daily trading volume is $80M. Polygon (POL) has moved +7.29% over the past seven days and -12.75% across the last 30 days.
Polygon began in 2017 as Matic Network, founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun. In 2021, the project rebranded to Polygon and welcomed Mihailo Bjelic as a co-founder. In 2023, Arjun departed to lead Avail as an independent project, and Kanani stepped back from daily operations while remaining supportive. In 2023, Marc Boiron became CEO of Polygon Labs as the organization scaled for the next phase. (theblock.co)
Polygon has also attracted major backers. In February 2022, Polygon raised about $450 million in a private sale led by Sequoia Capital India, with participation from SoftBank Vision Fund 2, Tiger Global, Galaxy Digital, Republic Capital, and others, as well as well-known individual investors. This round helped fund Polygon’s push into zero-knowledge (ZK) research and broader Web3 infrastructure. (business-standard.com)
On September 4, 2024, the Polygon network began the token upgrade from MATIC to POL. By September 2025, Polygon reported that 99% of MATIC on the Polygon network had migrated to POL, and Polygon PoS had been using POL as its native gas token since the original upgrade. Many large exchanges scheduled automatic conversions during 2024–2025 to align with the community-led transition. (polygon.technology)
Polygon is built around Ethereum. It gives users Ethereum compatibility and security while improving speed and cost.
Polygon PoS is an EVM-compatible network with quick block times and low fees. In July 2025, Polygon shipped the Heimdall v2 upgrade, bringing fast finality to roughly five seconds on Polygon PoS. A recent Bhilai hardfork increased throughput toward 1,000 transactions per second (TPS), and these upgrades are part of a broader “Gigagas” roadmap focused on payments and real-world asset (RWA) tokenization. (polygon.technology)
Polygon also developed Polygon zkEVM, an EVM-equivalent zk-rollup. Alongside it, Polygon proposed upgrading Polygon PoS to a zkEVM “Validium” architecture—keeping fees ultra-low by posting proofs to Ethereum while storing most data off-chain. The goal is to blend Ethereum-grade security with high throughput for social, gaming, and mainstream apps. (cointelegraph.com)
AggLayer is Polygon’s interoperability layer that aims to unify liquidity and state across many chains, regardless of stack. Testnets and devnets went live in late 2024, with mainnet rollout beginning in 2025. Polygon’s plan is for Polygon PoS and partner chains to connect to AggLayer so assets and experiences can move across the network more like a single chain. Gaming partner Immutable is preparing its chain to connect, showing how “Aggchains” can share liquidity and users. (u.today)
For builders who want their own chain, the Polygon CDK lets teams launch Ethereum-secured L2s that can plug into AggLayer. This helps exchanges, games, and enterprises deploy custom networks while keeping a path to shared liquidity. The CDK is evolving to support multiple stacks, with the long-term goal of “aggregate everything.” (polygon.technology)
At launch, POL mirrored MATIC’s supply (10 billion) for a smooth 1:1 migration, and it introduced a long-run emissions model aimed at network security and ecosystem growth. Community governance shaped the details through Polygon Improvement Proposals (PIPs). (figment.io)
Polygon tokenomics today follow a path set in PIP‑26: validator rewards honored the original MATIC schedule through June 2025, then transition to the Polygon 2.0 model. Long term, emissions target 2% yearly—approximately 1% to validator rewards and 1% to the community treasury—subject to governance. POL is minted and distributed via the EmissionManager contract, and updates are executed through the Polygon Protocol Council. (forum.polygon.technology)
Staking POL secures Polygon PoS and, over time, is planned to support broader roles across the ecosystem, including proving and data availability committees, reflecting POL’s design as a “hyperproductive” token. Delegators can also participate by staking with validators. (support.polygon.technology)
Polygon’s community treasury has committed to long-term builder funding, including a 10‑year, 1 billion POL initiative. In 2025, Season 2 of the Community Grants Program allocated 35 million POL across direct grants and specialized tracks (AI, DePIN, and more). Polygon also launched the AggLayer Breakout Program, where successful projects plan to airdrop a share of their native tokens to POL stakers, aligning network usage with POL holder benefits. (polygon.technology)
Polygon’s ecosystem spans DeFi, NFTs, gaming, payments, and tokenization.
Many well-known protocols are deployed on Polygon, including Uniswap v3 (on Polygon PoS and zkEVM). These apps use the network’s low fees and quick finality to deliver fast swaps, lending, and on-chain markets. (gov.uniswap.org)
OpenSea supports minting and trading on Polygon, making NFTs cheaper to create and transfer. For creators, Polygon lets fans collect art, in-game items, and membership passes without high gas costs. (support.opensea.io)
Gaming is a major focus. Immutable and Polygon Labs are building a dedicated “Gaming on Polygon” hub on Immutable Play, with more titles and features—and an AggLayer connection coming to unify liquidity. The aim is to make wallet flows, item trading, and player rewards feel smooth across multiple games and chains. (prnewswire.com)
With the Heimdall v2 upgrade, Polygon targets fast finality for stablecoin payments and RWA settlement—think near-instant confirmations for on-chain money movement and tokenized assets, supported by performance upgrades like the Bhilai hardfork. (polygon.technology)
POL is supported by many leading exchanges. Major platforms announced conversions from MATIC to POL or direct POL support during 2024–2025, including Coinbase, Kraken, Binance.US, and Bitstamp by Robinhood. If you already hold MATIC on an exchange, many platforms handled the conversion automatically at 1:1. Check your exchange’s specific timeline and support article. (help.coinbase.com)
You can also acquire POL through decentralized exchanges on Polygon, such as Uniswap or QuickSwap, using a Web3 wallet. The Polygon Portal provides an official interface to manage assets and upgrade any remaining MATIC on Ethereum to POL at a 1:1 ratio. (polygon.technology)
Popular wallets like MetaMask, Ledger, Coinbase Wallet, and Exodus support the Polygon network and the POL token. If you held MATIC on Polygon on September 4, 2024, it was automatically migrated to POL on-network; if you held MATIC on Ethereum, many wallets show both MATIC and POL separately until you upgrade. Exodus documents both paths clearly, and the Polygon Portal offers the official upgrader. (exodus.com)
Note: Real-time metrics such as POL price are displayed in your wallet or on supported exchanges and dashboards.
Polygon is open-source technology, while POL is a utility token used for network gas, staking, and governance. In the United States, earlier enforcement actions in 2023 referenced MATIC in complaints, but the U.S. regulatory landscape has continued to shift in 2025. For example, the SEC’s case against Coinbase, which involved allegations about listing certain tokens, was filed in 2023; in February 2025, Reuters reported the SEC filed to dismiss that suit, reflecting changing policy directions. Meanwhile, a federal stablecoin bill advanced in mid‑2025, signaling growing clarity on specific token types. Classification of utility tokens like POL still depends on facts and circumstances and continues to evolve. (investopedia.com)
In the European Union, the Markets in Crypto‑assets Regulation (MiCA) began phasing in from June 2024, with broader application from December 30, 2024. The European Supervisory Authorities have issued guidelines to help classify crypto‑assets consistently under MiCA, providing a framework for utility tokens, asset‑referenced tokens, and e‑money tokens. (eur-lex.europa.eu)
Dubai’s Virtual Assets Regulatory Authority (VARA) operates a dedicated rulebook for virtual assets and updated its activity-based Rulebooks in May 2025. VARA’s framework covers exchange, broker-dealer, custody, issuance, and more, with specific guidance for asset‑referenced tokens and marketing. Projects building on Polygon for tokenization or exchange services in Dubai typically align through licensed VASPs under these rulebooks. (rulebooks.vara.ae)
Singapore’s MAS finalized a stablecoin framework in 2023 for single-currency stablecoins issued in Singapore, creating a label for “MAS‑regulated stablecoins.” While POL is not a stablecoin, Polygon-based projects that handle stablecoins in Singapore often follow these rules via licensed providers. (morganlewis.com)
Is Polygon halal? Many Islamic finance analysts view Polygon’s base technology and utility-token model as permissible. POL is used for gas and staking on a decentralized network and is not tied to interest-bearing products by design. A widely read Muslim finance site (Islamic Finance Guru) explains that, similar to Ethereum, Polygon’s core purpose is neutral and compatible with Shariah when used appropriately. In short: Polygon halal is a fair description of the base layer, and POL shariah compliant is a reasonable classification for the token’s utility role. Individual dApps (especially certain DeFi models) should be assessed on their own terms. (islamicfinanceguru.com)
Polygon’s roadmap centers on three pillars: performance, interoperability, and participation.
For users and builders, this means more choices: deploy your app on Polygon PoS for mass reach, launch a custom chain with CDK, or plug into AggLayer for unified liquidity—all while using one token (POL) across the experience.
Polygon has grown from a single sidechain into a full stack of Ethereum‑aligned networks focused on speed, low fees, and shared liquidity. The POL token now powers the Polygon blockchain as gas, secures the network through staking, funds builders via long‑term grants, and is being designed to play many roles across AggLayer‑connected chains. With upgrades like ~5‑second finality, the Gigagas roadmap, and a maturing multi‑chain architecture, Polygon is positioning itself as a go‑to platform for Polygon DeFi, NFTs, gaming, payments, and tokenization. The project’s token upgrade is nearly universal across the network, exchanges have added support, and global rulebooks are taking shape around how blockchain ecosystems operate. For readers tracking POL price or exploring where to buy POL, those live details and supported venues are shown in the dynamic sections and exchange help pages; the bigger story is how POL and Polygon tokenomics underpin a builder‑first, Ethereum‑friendly network that keeps expanding what’s possible on-chain. (polygon.technology)
 Binance (CEX) | 11M | 207K/216K |
 MEXC (CEX) | 3.8M | 240K/265K |
 Coinbase (CEX) | 3.2M | 148K/207K |
 HTX (CEX) | 2.8M | 42K/56K |
 OKX (CEX) | 1.4M | 168K/213K |
 Bybit (CEX) | 1.2M | 50K/48K |
Binance (CEX) | 962K | 33K/69K |
 KuCoin (CEX) | 932K | 105K/133K |
 Bitget (CEX) | 544K | 248K/246K |
 Kraken (CEX) | 415K | 219K/398K |
 Gate.io (CEX) | 360K | 244K/185K |
Binance (CEX) | 201K | 72K/74K |
Binance (CEX) | 160K | 5.6K/7.3K |
Kraken (CEX) | 97K | 58K/175K |
Binance (CEX) | 86K | 2.1K/7K |
Binance (CEX) | 85K | 21K/39K |
Binance (CEX) | 77K | 44K/43K |
 Uniswap V3 (Ethereum) | 50K | 1.6K/1.6K |
Binance (CEX) | 33K | 20K/57K |
Binance (CEX) | 27K | 1.9K/12K |
Binance (CEX) | 13K | 64K/43K |
Bybit (CEX) | 10K | 729/2K |
Bitget (CEX) | 8.2K | 37K/53K |
