POL Token: Polygon's POL Token Contracts Goes Live On Ethereum

Polygon Labs on Wednesday announced that the POL token upgrade is now live on the Ethereum mainnet as part of the Polygon 2.0 roadmap. The POL token will replace the MATIC token as Polygon’s next-generation hyperproductive ecosystem which includes the main Polygon blockchain, the Polygon zkEVM network, and various supernets.

POL Token Contacts Is Live On Ethereum Mainnet

Polygon Labs in a press release on October 25 revealed that POL token upgrade is now live on the Ethereum mainnet. As part of the Polygon 2.0 roadmap, the new POL token will replace the MATIC token as the ecosystem’s native token.

“Today marks a major milestone on the Polygon 2.0 journey toward building the Value Layer of the Internet. The upgrade to POL has been initiated on Ethereum mainnet, after months of development, community consultation and a successful testnet launch.”

POL token will power all Polygon networks — the main Polygon blockchain, the Polygon zkEVM network, and various supernets.

POL upgrade also prepares for the next milestones in the Polygon 2.0 roadmap. It includes the launch of a new staking layer to power Polygon L2, upgrade Polygon PoS to zkRollup, and implement an advanced, ZK-powered interoperability and shared liquidity protocol.

Also Read: Judge Torres Terminates Ripple Vs SEC Hearings, Orders New Deadline

Polygon Plan To Switch From MATIC To POL

In September, Polygon initiated the migration of MATIC to POL token with the release of three Polygon Improvement Proposals (PIPs). PIP-18 had Phase 0 plans to build a network of interconnected zero knowledge-powered L2 chains that scale Ethereum to the size of the Internet.

It will make significant changes including upgrades from MATIC to POL token as the native token for Polygon PoS and staking token for Polygon PoS.

MATIC price jumped 21% in a week, with the price currently trading at $0.62. The price is down 4% in the past 24 hours.

Also Read: Binance Set Up HKVAEX To Gain Crypto License In Hong Kong

Recommended
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.