Polygon Ecosystem Token Price
(POL)
USD($)
Polygon Ecosystem Token (POL) Live Price Chart
Overview
About
Analysis
FAQ
Polygon Ecosystem Token Live Price Data
The live price of Polygon Ecosystem Token is $0.4815, with a total trading volume of $ 2.74M in the last 24 hours. The price of Polygon Ecosystem Token changed by -6.44% in the past day, and its USD value has decreased by -22.72% over the last week. With a circulating supply of 8.41B POL, the market cap of Polygon Ecosystem Token is currently 4.01B USD, marking a --% increase today. Polygon Ecosystem Token currently ranks #-- in market cap.
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Note: This data is for reference only.
Polygon Ecosystem Token(POL) Profile
Rank--
BBBExpand 
Website
Documentation
Explorer
Contract
- Ethereum 0x455e53...3f6
Audited By
- --
Code & Community
Investors
- --
$0.4579
$0.5270
- ATH
- $1.28
- Price Change (1h)
- +0.39%
- Price Change (24h)
- -6.44%
- Price Change (7d)
- -22.72%
- Market Cap
- $4.01B
- 24h Volume
- $2.74M
- Circulating Supply
- 8.41B
- Max Supply
- --
About POL
How can I buy Polygon Ecosystem Token (POL)?
Buying POL on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Polygon Ecosystem Token (POL) for more information. What Is Polygon Ecosystem Token (POL) Crypto?
Polygon Ecosystem Token (POL) is designed to gradually replace the current MATIC token over a period of 4 years as part of Polygon 2.0. This upgrade will see Polygon evolving into a Polygon zkEVM validium with its own network of interoperable application-specific blockchains.
The POL token is slated to come with added utility, including restaking, where validators can restake their POL tokens to secure other chains in the Polygon supernet and earn additional rewards.
Under the specifications of Polygon 2.0, Polygon is transforming its products to integrate zero knowledge technology and evolve into a full-suite scaling solution for the Ethereum blockchain. This transformation involves restructuring the Polygon PoS chain into a ZK validium Layer 2 network for the Ethereum blockchain and constructing a supernet architecture to power a hub of ZK L2 networks operating in a uniform ecosystem with an efficient interoperability design.
POL is an essential element in the functionality and governance of the Polygon ecosystem, and it has gained recognition and adoption within the crypto community due to its role in scaling Ethereum and enabling various DeFi and blockchain applications.
How Does Polygon Ecosystem Token Work?
The Polygon Ecosystem Token (POL) is designed to replace the current MATIC token over four years as part of Polygon 2.0. This transition aims to transform Polygon into a Polygon zkEVM validium with its own network of interoperable application-specific blockchains. It offers added utility, such as restaking, allowing validators to restake their POL tokens to secure other chains in the Polygon supernet and earn additional rewards.
According to the specifications of Polygon 2.0, the ecosystem is evolving to integrate zero-knowledge technology and become a full-suite scaling solution for the Ethereum blockchain. This transformation includes restructuring the Polygon Proof of Stake (PoS) chain into a ZK validium Layer 2 network for the Ethereum blockchain and building a supernet architecture to power a hub of ZK L2 networks.
POL is the native token upgrade for the Polygon ecosystem, intended for various activities and purposes, including network participation and security. Staking POL allows participants to contribute to the ecosystem as validators. POL shares many features with MATIC, is built on OpenZeppelin's ERC20 implementations, and supports EIP-2612 for signature-based permit approvals.
When Was Polygon Ecosystem Token (POL) Coin Launched?
The Polygon Ecosystem Token (POL) was launched as part of the Polygon 2.0 upgrade. The upgrade to POL contracts on the Ethereum mainnet was initiated on October 25, 2023, after months of development, community consultation, and a successful testnet launch. This marked the official launch of the POL token within the Polygon ecosystem.
The Polygon 2.0 upgrade was a significant development for the Polygon network, outlining plans for a scaling ecosystem with the transition from MATIC to POL and the introduction of new features and functionalities. This upgrade from MATIC to POL has initiated a new phase in the Polygon ecosystem's development, offering next-generation features to power a vast ecosystem of zero knowledge-based Layer 2 chains.
How to Use POL Token
The Polygon Ecosystem Token (POL) is designed to gradually replace the current MATIC token over a period of 4 years as part of the Polygon 2.0 upgrade. The transition to POL is a key part of Polygon's evolution into a Polygon zkEVM validium network with its own interoperable application-specific blockchains.
POL offers added utility, including restaking, where validators can restake their POL tokens to secure other chains in the Polygon supernet and earn additional rewards.
Moreover, POL aims to enable various activities within the Polygon ecosystem, such as network participation, security, and staking. Additionally, POL plays a role in incentivizing and aligning protocol participants, thus contributing to the ongoing development and growth of the open-source protocol on the Polygon network.
You can trade Polygon Ecosystem Token (POL) against other cryptos on the KuCoin Spot Market to profit from changing market conditions and volatility. Buy or sell POL against other assets or hold it long-term if you believe in the future potential of the Polygon 2.0 ecosystem. Remember to do your own research (DYOR) before trading POL or other cryptos.
Polygon Ecosystem Token (POL) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.037 | -7.13% |
| 7 Days | $-0.145 | -23.28% |
| 30 Days | $0.0457 | 10.59% |
| 3 Months | $0.1118 | 30.58% |
24H Investment Barometer
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Polygon Ecosystem Token Conversion Rate
FAQ
How much is 1 Polygon Ecosystem Token (POL) worth?
KuCoin provides real-time USD price updates for Polygon Ecosystem Token (POL). Polygon Ecosystem Token price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time POL to USD exchange rates. Is Polygon Ecosystem Token (POL) a Good Investment?
Here are some reasons why you could diversify your portfolio by investing in $POL coin:
Restaking and More Utilities
POL is set to come with added utility, including restaking, where validators can restake their POL tokens to secure other chains in the Polygon supernet and earn additional rewards. This added utility is crucial, providing more avenues for participants to engage with the Polygon ecosystem.
Enhanced Ecosystem of Polygon 2.0
The transition from MATIC to POL signifies an expanded ecosystem, reflecting improvements and developments within the Polygon network. This expansion suggests improved functionalities and use cases for the POL token, which can contribute to the potential value of Polygon Ecosystem Token.
Improved Governance and Staking
POL represents an opportunity for improved governance capabilities and staking benefits within the Polygon network. This can give investors and participants additional avenues to participate in network governance and earn rewards through staking.
Future Growth Potential of Polygon Network
Investing in POL provides exposure to the potential future growth of the Polygon ecosystem, including advancements in scalability, interoperability, and the adoption of zero-knowledge technology. This positions investors to benefit from the ongoing evolution and expansion of the Polygon network.
What Is Polygon Ecosystem Token Price Prediction?
While the volatile nature of the crypto market makes it impossible for us to provide a reliable POL crypto price prediction, you could monitor the following factors to understand the price trends in the POL coin:
Future Developments in Polygon 2.0 Ecosystem
Technological advancements and upgrades within the Polygon ecosystem, including developments related to Polygon 2.0 and its transition to a Polygon zkEVM validium network, can influence investor sentiment and contribute to an uptrend in the POL coin price.
Level of Staking and Governance on Polygon
POL's staking and governance capabilities within the Polygon network can also influence the POL to USD price. Features such as restaking and governance-related activities may impact the perceived value and utility of the token, supporting the Polygon Ecosystem Token price in the market.
Broader Market Sentiment Toward Cryptos
The overall market sentiment within the broader cryptocurrency space can impact the price of POL. Positive developments, partnerships, and news related to Polygon and its ecosystem may increase investor confidence and potential appreciation in the POL crypto price.
What Is the Difference Between POL and MATIC Crypto?
The primary difference between Polygon (MATIC) and the Polygon Ecosystem Token (POL) lies in their respective roles within the Polygon network.
MATIC is the native token of the Polygon network, and it is currently used for various purposes, such as staking and paying transaction fees on the network. However, as part of the Polygon 2.0 upgrade, the MATIC token is gradually being replaced by the POL token over four years.
On the other hand, the POL token is designed to serve as the native token in the evolved Polygon 2.0 ecosystem. It is intended to offer enhanced utility, including features such as restaking, wherein validators can restake their POL tokens to secure other chains in the Polygon supernet and earn additional rewards.
Furthermore, the transition to the POL token is a crucial aspect of the evolution of Polygon into a Polygon zkEVM validium network with its own network of interoperable application-specific blockchains. This upgrade reflects a shift towards integrating zero-knowledge technology and a full-suite scaling solution for the Ethereum blockchain, thereby differentiating POL from MATIC in terms of its intended functionalities and the ecosystem's future vision.
While MATIC has been the native token serving various purposes within the Polygon network, the POL token is being introduced as part of the Polygon 2.0 upgrade to gradually replace MATIC and offer additional utility and features within the evolved Polygon ecosystem.
What is the all-time high price of Polygon Ecosystem Token (POL)?
The all-time high price of Polygon Ecosystem Token (POL) is $1.2800. The current price of POL is down 62.50% from its all-time high.
What is the all-time low price of Polygon Ecosystem Token (POL)?
The all-time low price of Polygon Ecosystem Token (POL) is $0.2858. The current price of POL is up 68.66% from its all-time low.
How much Polygon Ecosystem Token (POL) is there in circulation?
As of 12 20, 2024, there is currently 8.41B POL in circulation. POL has a maximum supply of --.
What is the market cap of Polygon Ecosystem Token (POL)?
The current market cap of POL is $4.01B. It is calculated by multiplying the current supply of POL by its real-time market price of $4.01B.
How do I store Polygon Ecosystem Token (POL)?
You can securely store your Polygon Ecosystem Token in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your POL include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Polygon Ecosystem Token (POL) to cash?
You can instantly exchange your Polygon Ecosystem Token (POL) for cash using KuCoin's Fast Trade feature. This feature enables you to convert POL to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.