Polygon Labs announced the successful migration of its native token from MATIC to POL. This upgrade, driven by community consensus, marks a significant step in Polygon’s evolution towards becoming an aggregated blockchain network through its AggLayer. The migration applies to all transactions on the Polygon PoS network, which will now use POL as the native gas token.
After over a year of community discussions, the MATIC-to-POL upgrade has launched to align with Polygon’s long-term vision of unifying liquidity and enhancing scalability. The POL token is designed to have broader utility across Polygon’s growing ecosystem, playing roles beyond network security.
The MATIC-to-POL upgrade represents an essential milestone in Polygon’s development as it strives to create a more scalable and secure blockchain infrastructure. With the introduction of POL, Polygon positions itself for future innovations in decentralized finance and blockchain utility.
The post Polygon Completes MATIC to POL Upgrade, Expanding Network Capabilities appeared first on UNLOCK Blockchain.