A group of Polygon founders and researchers proposed a token upgrade that would replace the network’s MATIC token with POL, enabling POL to serve as a single token for all Polygon-based networks. These networks include the main Polygon blockchain, the Polygon zkEVM network, and various supernetworks (application-specific blockchains) running on top of the main Polygon network. The proposal boosted MATIC, which increased by up to 2.6% to $0.747 in the first three minutes following the announcement. If the proposal is accepted, network validators will be able to support the operation of multiple chains using a single token. The upgrade from MATIC to POL requires a simple technical operation, that is, sending MATIC to the upgrade smart contract, which will automatically return the equivalent amount of POL. If the community supports this move, token holders will have enough time to upgrade, expected to be four years or more. The community of each Polygon chain will ultimately decide which token their chain will use for gas fees; some of them may choose POL. Holders will use POL to vote on governance proposals for decentralized applications built on Polygon, and all rewards will be distributed in POL.