Polygon Is Migrating From MATIC to POL

Polygon is switching its native token to POL, a step toward using the versatile token in transactions across its ecosystem.

Polygon Labs is making major strides toward the future of its network on Wednesday.

On September 4, the Ethereum scaling network will complete a migration from its longstanding MATIC token to POL, which will then become the native token of its network. The migration forms an integral part of the Polygon 2.0 roadmap.

Ahead of the shift, here’s a look at what to expect from the migration—and what you need to do if you’re a MATIC holder.

The POL migration will phase out MATIC as Polygon's native token.

In lieu of MATIC, POL will become the native gas and staking token for Polygon's main proof-of-stake chain, Polygon said in a July blog post.

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