Polygon has now begun migrating from MATIC to POL tokens, aiming to improve network functionality and support its ambitious Polygon 2.0 development plans. The Polygon network, one of the leading Layer-2 solutions built on Ethereum, is set to undergo a significant upgrade. The widely used MATIC token will transition to the new POL token, a move designed to improve network capabilities and prepare for future expansion.

As part of this migration, MATIC holders on the Polygon Proof of Stake (PoS) chain will see their tokens automatically converted to POL, requiring no further action. However, MATIC holders on other platforms, such as the Ethereum network or Polygon’s zkEVM Layer-2 network, will need to manually migrate their tokens using the Polygon Portal or by bridging to Ethereum.

While there is no set deadline for this conversion, Polygon has hinted that a timeframe may be introduced in the future.

$MATIC #PolygonEvolution #MATIC