Polygon Network Token

POL

0x455e...ffc3f6

BUY POL

$0.1166

-$0.004731(-4.06%)Today

Market cap

1.24B

Total volume (24h)

159.99M

Volume / Market cap

0.1292

Circulating supply

10.62B

Day range (24h)

$0.112$0.1248

All-time low

$0.0677

All-time high

$1.29

About Polygon Network Token (POL)

What is Polygon (POL)? Polygon is an Ethereum Layer 2 network—it extends Ethereum's capacity by processing transactions on a dedicated blockchain and settling them back to Ethereum for security. The Polyon network is EVM-compatible, so it works with the same wallet addresses, token standards, and apps as Ethereum, including MetaMask’s multichain wallet. The network's token was originally called MATIC and was renamed POL in September 2024 as part of a broader protocol upgrade. If you see "polygon crypto," "MATIC crypto," or "POL" in different places, they're all referring to the same network and the same token—POL is simply the current name. The current Polygon price is $0.12, with a 24-hour trading volume of $159,987,145.

The project started in 2017 as Matic Network, founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun—three Indian software engineers who set out to make Ethereum usable at scale. Mihailo Bjelic joined as a fourth co-founder shortly after. The team rebranded to Polygon in February 2021 to reflect an expanded vision beyond a single sidechain. Today Polygon Labs operates the network, with Marc Boiron as CEO and Sandeep Nailwal as Executive Chairman.

POL at a glance

Token type	Native ecosystem token (gas, staking, governance)
Network	Polygon (PoS, zkEVM, CDK)
Previously	MATIC (migrated September 4, 2024, 1:1 swap)
EVM compatible	Yes
Layer type	Ethereum Layer 2 / commit blockchain
Founded	2017 (as Matic Network)
Rebranded	February 2021 (Matic → Polygon)
Founders	Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, Mihailo Bjelic
Initial supply	10,000,000,000 POL
Emission	2% yearly (staking rewards + community treasury)
Fee mechanism	Base fees burned (EIP-1559 style)
Circulating supply	10.62B
Current price	$0.12
Market cap	$1,238,467,636
All-time high	$1.29
24h volume	$159,987,145

HOW TO BUY POLYGON NETWORK TOKEN

Price history

Today (September 28, 2026)	$0.1166	-4.06%
24 hours ago (September 27, 2026)	$0.1215	-4.06%
1 week ago (September 21, 2026)	$0.1125	+3.61%
1 month ago (August 29, 2026)	$0.1047	+11.31%
1 year ago (September 28, 2025)	$0.2249	-48.15%

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POL market moves

24h change: -3.21%. From $0.1205 to $0.1166.

Polygon executed an on-chain burn of 100 million POL from its fee collector contract. This represents approximately 1 percent of total supply and was confirmed by foundation CEO Sandeep Nailwal. The network has been deflationary since early 2026 with plans for community-triggered quarterly burns going forward. The action aims to strengthen tokenomics as network usage grows.
Polygon tested a system using off-chain payment channels and the x402 protocol that handled over 11 million verified payment updates per second across 25 hubs. Settlements batch on the Polygon chain. This supports high-frequency use cases such as AI agent micropayments without individual on-chain transactions. It is part of ongoing development of the Open Money Stack for scalable payments infrastructure.
Polygon disclosed fixes for denial-of-service and validator resource issues through the Austin and Kyoto hard forks. The Lugano hard fork is live on Amoy testnet with mainnet targeted for October 1 following governance discussions. The 46th Polygon Protocol Governance Call also covered PIP-92 on POL distribution to delegators. These upgrades require node operators to update clients.

September 28, 2026

24h change: +1.45%. From $0.1189 to $0.1207.

Polygon Foundation executed a permanent on-chain burn of 100 million POL tokens drawn from the base fee collector contract. This accounts for roughly 1 percent of total supply and follows the network being net deflationary since January 2026 despite 2 percent annual emissions. The permissionless mechanism now lets any community member trigger future quarterly burns of accumulated fees. The action ties real network usage more directly to supply reduction and was highlighted alongside revenue and activity metrics.
The Lugano hardfork is live on Amoy testnet with mainnet deployment targeted for October 1. It introduces consensus hardening, improved transaction handling, node reliability fixes, and better logging. This continues Polygon's series of upgrades focused on stability for payments use cases. PPGC 46 also discussed PIP-92, a proposal to adjust POL distribution to network delegators and stakers.
Polygon reports capability for 11 million payments per second, 461,000 daily stablecoin users, and significant Polymarket perpetuals volume. Protocol revenue reached $24.5 million year-to-date, outpacing some competitors per foundation statements. These figures accompany launches like stablecoin subscriptions on the Open Money Stack. The focus reflects Polygon's pivot toward enterprise payments and real-world utility.

September 27, 2026

24h change: -2.80%. From $0.0781 to $0.0759.

The Ithaca hardfork activated on July 30 2026 introducing automatic failover mechanisms and transaction safeguards. This is part of Polygon's focus on building reliable infrastructure for stablecoin and fiat-linked payments. The change aims to reduce disruptions and support broader adoption for payments use cases on the network.
Mento Protocol launched on Polygon for local currency stablecoin payments. Kansai Electric Power's loyalty program now converts reward points into JPYC stablecoin on the network. A Lawson convenience store completed Japan's first POS-integrated stablecoin payment settled on Polygon in seconds.
POL trades near $0.076 with market cap around $810 million after small daily moves. The network recorded high transaction counts active addresses and token burns in recent weekly data. Analysts note ongoing disconnect between on-chain utility growth and token valuation.

August 11, 2026

24h change: +0.70%. From $0.0773 to $0.0778.

The ithaca hard fork went live on july 30 2026 bringing automatic failover that keeps transactions processing if a block producer stalls. It adds safeguards and better visibility for node operators to support consistent payments performance. This follows the giugliano upgrade earlier in 2026 that reduced finality times. The changes make the chain more resilient for real-world applications without disrupting users.
New integrations include mento protocol for local currency stablecoin payments and kansai electric power converting loyalty points into stablecoins on the polygon chain. Polygon open money stack now supports moving value between solana and polygon along with ethereum base and other evm chains. These launches demonstrate continued real-world adoption for payments and stablecoins in emerging markets. POL functions as the gas token and staking asset across this growing payments infrastructure.
Polygon continues work on the agglayer to connect evm chains for shared liquidity and atomic cross-chain transactions without traditional bridges. Full maturity is targeted throughout 2026 with integrations expanding to more chains and institutional participants. Recent examples include support for compliance blockchains backed by firms like apex group. This infrastructure positions POL with increased utility as the staking and settlement token across an interconnected ecosystem of chains.

August 10, 2026

24h change: +3.20%. From $0.0752 to $0.0776.

The Ithaca hard fork went live on July 30, 2026 at block 50185000. It introduces automatic failover to keep transactions flowing if a block producer stalls, new limits on oversized transactions that could strain the network, and better visibility for node operators. These changes make Polygon Chain steadier for the payments and stablecoin use cases you rely on. The upgrade is part of ongoing work to position the network as a dependable home for money movement.
Mento Protocol launched on Polygon to support local currency stablecoin payments. Kansai Electric Power now converts loyalty points into stablecoins usable on the chain. These integrations add to billions in stablecoin transfer volume and millions of active addresses. They demonstrate practical ways you can move value between traditional programs and onchain payments across regions.
Polygon Labs announced its second round of layoffs in 2026 while finalizing the acquisition of Coinme. The changes support the transition from a blockchain foundation into a blockchain-enabled payments company. This aligns with the emphasis on stablecoins, reliability upgrades, and real-world money movement across recent announcements. It reflects operational adjustments as the ecosystem matures.

August 9, 2026

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MetaMask automatically displays popular tokens like Polygon Network Token（POL）within your wallet. If you are not seeing your POL in MetaMask, you can manually add it using the "Add to MetaMask" button above, over the price chart. Please remember that you first need to install MetaMask extension if you are on a PC or Mac (desktop computer). If you are on mobile, please check out our MetaMask Support guide for more info.
You can buy Polygon Network Token (POL) directly in your MetaMask wallet in seconds. MetaMask supports credit cards, debit cards, bank transfers, Apple Pay, Google Pay, PayPal, and local payment options based on your country or region worldwide, including the US, UK, EU, Türkiye, Japan, Korea, Venezuela, India, China, Taiwan, Brazil, Nigeria and more. This approach lets you skip extra steps and centralized exchanges, save on fees, and add Polygon Network Token (POL) instantly and securely to your wallet.
You can swap Polygon Network Token (POL) for thousands of tokens across hundreds of networks like Ethereum, Bitcoin, Solana, Linea, Base, and Arbitrum, right from your MetaMask wallet. Gas fees, AKA network fees, are included in every quote for complete transparency on the total cost. Just pick your input token, choose your output token, review the all-in rate, approve the transaction, and complete the swap in seconds.
You can easily bridge Polygon Network Token (POL) across networks with MetaMask's Swap aggregator, which finds the fastest and cheapest routes available. MetaMask cross-network Swaps combine bridging and swapping into one transaction: Send Polygon Network Token from network A and receive a different token on network B without any wrapping required. This makes the process secure, simple, and cost-effective for users everywhere in the world.
POL is the direct successor to MATIC. On September 4, 2024, Polygon completed a token migration that swapped every MATIC token for POL at a 1:1 ratio. The ticker changed, the contract changed, but the value and function carried over. If you held 1,000 MATIC before the migration, you now hold 1,000 POL worth the same amount.
The rename wasn't cosmetic. The original MATIC coin was an Ethereum ERC-20 token that only worked on one blockchain—Polygon PoS—through bridge contracts. POL was designed from the ground up to work natively across multiple Polygon networks, including Polygon PoS, Polygon zkEVM, and any future blockchains built with the Polygon CDK. It can secure multiple networks simultaneously, which MATIC couldn't do. Major exchanges (Binance, Coinbase, and others) handled the conversion automatically for users who held MATIC on their platforms.
It depends where you hold it. If your MATIC was on the Polygon network itself (in a wallet like MetaMask), the conversion to POL happened automatically—you don't need to do anything. Your balance already shows as POL.
If you held MATIC on Ethereum as an ERC-20 token, you need to manually swap it using Polygon's migration contract. The swap is still 1:1 and there's no deadline, but until you migrate, your tokens remain as MATIC on Ethereum and won't function as POL on the Polygon network. For step-by-step instructions, see MetaMask Support's Polygon network guide.
POL serves three roles on the Polygon network. It pays transaction fees—and like Ethereum's EIP-1559 model, base fees are burned rather than paid to validators, permanently removing POL from circulation. It secures the network through staking, with validators and delegators earning rewards from a 2% yearly emission. And it participates in governance decisions for the Polygon ecosystem. In recent periods, POL burns have exceeded new issuance from staking rewards, making the token net deflationary when network activity is high.
Yes. Polygon PoS—the original and most widely used blockchain network—processes transactions independently and posts checkpoints to Ethereum for security. Polygon zkEVM uses zero-knowledge proofs to bundle transactions and verify them on Ethereum with cryptographic guarantees. Both are EVM-compatible, so dapps and wallets that work on Ethereum work on Polygon with the same addresses and token standards.
POL launched with an initial supply of 10 billion tokens (matching MATIC's 10 billion). Unlike MATIC, POL has a built-in 2% yearly emission that's split evenly between staking rewards and a community treasury. This emission is offset by the fee burn mechanism—every base fee paid in POL is permanently destroyed. Whether the net supply grows or shrinks in a given period depends on the balance between emissions and transaction volume.
POL has dropped to $0.12 from its all-time high of $1.29 (set when the token was still called MATIC) despite the Polygon network consistently hitting record usage—processing hundreds of millions of transactions per quarter and settling tens of billions in monthly stablecoin volume across partnerships with PayPal, Mastercard, Stripe, and Revolut. This disconnect between network activity and token price is a recurring theme: transaction fees on Polygon are extremely low (fractions of a cent), which means even record-breaking usage doesn't generate massive fee revenue or burn volume relative to the token's market cap. Broader crypto market sentiment, the ongoing adjustment from the MATIC to POL rebrand, and the 2% annual emission adding to circulating supply all contribute to price pressure.