POL
POL Rank #72
Layer 2Ethereum Ecosystem
₹10.63
▼ 1.44%
24h
Market Cap
₹113,562,191,617
24h Volume
₹9,672,983
All-Time High
₹123.31
All-Time Low
₹6.50
Circ. Supply
10,679,863,412
Fully Diluted
—
Price Chart
24h Price Range
INR
₹10.52
₹10.99
Overview
About POL
Polygon is a scaling network built to make transactions on Ethereum faster and cheaper, while still relying on Ethereum for underlying security. Its token, POL (formerly MATIC), is used for fees and staking.
Polygon was founded in India in 2017 as Matic Network by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun, becoming one of the most successful crypto projects to emerge from the country. It rebranded to Polygon in 2021 as its scope expanded from a single sidechain to a full suite of Ethereum scaling technologies.
Polygon's flagship proof-of-stake chain processes transactions cheaply while anchoring security checkpoints to Ethereum, and the project has invested heavily in zero-knowledge technology, including its zkEVM. The POL token, which replaced MATIC in 2024, is designed as a hyperproductive asset that can secure multiple chains in the ecosystem simultaneously, coordinated through the AggLayer interoperability framework.
POL pays gas on the Polygon PoS chain, is staked by validators to secure the network, and will underpin security across the broader AggLayer ecosystem of connected chains. Polygon's low fees made it a favorite for mainstream brand deployments, with companies from payments to social media building on its rails.
Key Facts
Market Rank#72
Circulating10,679,863,412 POL
SymbolPOL
