#pol

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The Polygon Ecosystem Token (POL) is the upgraded native token of the Polygon network, evolving from MATIC. Launched on September 13, 2024, POL aims to address the growing needs of blockchain scalability and interoperability. It functions as the gas token on the Polygon Proof-of-Stake (PoS) network, where validators stake POL to earn rewards and transaction fees. A key feature is its enhanced utility, allowing validators to secure multiple Polygon chains by restaking their tokens.

POL plays a vital role in securing the network through staking, participating in governance decisions, and paying for transaction fees. Its design supports the continuous growth of the Polygon ecosystem, including funding community-driven initiatives through a Community Treasury. The token facilitates seamless cross-chain transactions and enhances security across various Polygon chains via the AggLayer.

Currently trading around $0.24 USD (approximately ₹20.65 INR), POL has a market capitalization of about $2.5 billion USD. Its circulating supply is approximately 10.41 billion tokens. The transition from MATIC to POL is designed to be seamless for users, with automatic conversion for those holding MATIC on the Polygon PoS network.