Polygon MATIC — now rebranded as POL — is the native cryptocurrency of the Polygon network, one of the most widely adopted Ethereum Layer-2 scaling solutions. Originally launched as Matic Network in 2017, it supports thousands of decentralized applications across DeFi, gaming, NFTs, and enterprise blockchain.

Polygon is a blockchain platform designed to create Ethereum-compatible multi-chain blockchain systems using a Proof-of-Stake consensus mechanism.

Polygon Labs

The POL token serves three primary functions: paying transaction fees on the Polygon network, participating in network governance, and securing the blockchain through Proof-of-Stake staking. Polygon's ecosystem has attracted enterprise partnerships with Reddit, Nike, Adobe, Walt Disney, and the NFL, establishing itself as a leading infrastructure layer for Web3.