KEY TAKEAWAYS
- 99% of MATIC on the Polygon network has successfully migrated to POL, marking a significant transition in the network’s token usage.
- POL now serves as the native gas token for Polygon PoS, enhancing its utility and integration within the Polygon ecosystem.
- The migration facilitates future functionalities like staking rewards and community airdrops, expanding POL’s role beyond a single network.
- Users can stake POL on Ethereum, contributing to network security and earning validator rewards.
Almost a year after the MATIC to POL upgrade, 99% of MATIC on the Polygon network has successfully migrated to POL. Since September 2024, all transactions on Polygon PoS have utilized POL as the native gas token.
For users still holding MATIC on Ethereum, the Polygon Portal interface offers a 1:1 migration. More details can be found here.
The community-led upgrade has not only expanded the utility of the native token on the Polygon network but also paved the way for future utility within Polygon Labs’ cross-chain ecosystem, Agglayer.
POL’s Role in the Polygon Ecosystem
With community consensus, Polygon PoS is set to connect to Agglayer, integrating POL into the broader aggregated network. POL, as a utility token, may support additional functionalities beyond securing a single network, subject to future community consensus.
These functionalities include accruing rewards through staking and eligibility for community airdrops via the Agglayer Breakout Program, which features projects like Katana, Billions, and Miden.
Users can start natively staking POL on Ethereum in three steps, helping secure the Polygon network and receiving a portion of validator rewards. More information on staking can be found here.
Future Prospects for POL
In the first phase of the POL migration, POL has replaced MATIC as the native gas and staking token for Polygon PoS. The next steps will be determined by the community. Details on the “hyperproductive” design of POL can be read here.
As Polygon PoS continues to scale payments and real-world assets globally, the network’s native token is positioned to help secure and support this growth vision.
For further insights into the migration process, visit the dashboard here.
Why This Matters: Impact, Industry Trends & Expert Insights
The Polygon network has completed 99% of its migration from MATIC to POL, establishing POL as the native gas token. This transition marks a significant milestone in Polygon’s evolution and sets the stage for enhanced utility and integration within the network.
A recent Ainvest report highlights that after the migration from MATIC to POL, Polygon 2025 trends show strong growth potential with increased network activity and expanded utility for POL. This aligns with the successful migration, which has redefined POL’s role in Polygon’s architecture.
As per insights from Gate.com, expert opinions on Polygon’s POL migration generally view the transition as a strategic advancement for the Polygon ecosystem, with POL’s expanded functionality marking it as a next-generation utility token. This supports the impact of the migration in enhancing Polygon’s strategic positioning in a stagnant crypto market.
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