Polygon (POL) is the cryptocurrency behind one of Ethereum’s most effective scaling solutions.
Founded in 2017 by Sandeep Nailwal, Jaynti Kanani, Anurag Arjun, and Mihailo Bjelic, Polygon started as Matic Network before rebranding in 2021 to reflect its growing vision. The goal is to make blockchain scalable for DeFi, NFTs, gaming, and large-scale enterprise adoption without congestion or sky-high gas fees.
Unlike networks trying to compete with Ethereum, Polygon works alongside it as a Layer 2 scaling solution, using Proof-of-Stake (PoS) to process thousands of transactions per second at a fraction of the cost. Polygon is also building an entire ecosystem of cutting-edge scaling solutions, including zk-rollups, optimistic rollups, and modular blockchains, making Web3 smoother and more efficient. Over time, Polygon has undergone several major upgrades, including the implementation of zkEVM and enhancements to its staking infrastructure to improve security and efficiency.
Polygon's native token has been transitioned from MATIC to POL, with POL serving as the new gas and staking token. POL holders can participate in governance and staking, contributing to the network's future development. Unlike some DeFi platforms, Polygon does not focus on yield farming but provides liquidity incentives through ecosystem grants and strategic partnerships.
Polygon already powers some of the biggest projects in crypto — Aave, OpenSea, and even enterprise applications.
POL is the native token of Polygon (formerly Matic), a scalable Layer 2 and multi-chain ecosystem designed to enhance Ethereum's efficiency. It is used for paying transaction fees, staking to secure the network, and participating in governance within the Polygon ecosystem.
How many Polygon (POL) tokens are there?
Polygon (POL) has a fixed supply of tokens. As of November 29, 2025, around 10,546,973,471.49 POL are actively circulating in the market. The rest of the supply is allocated to staking incentives, governance participation, and ecosystem expansion.
When did Polygon (POL) reach its all-time high?
Polygon (POL) saw its highest-ever price of $1.29 on March 13, 2024.
What is the difference between Matic Network (MATIC) and Polygon (POL)?
Matic Network was the original name of Polygon before its 2021 rebrand. The network kept MATIC as its native token, but now it's upgraded to POL, a new token designed to support Polygon’s expanding ecosystem.
How to buy Polygon (POL) with a card?
You can buy Polygon in seconds with a credit or debit card, including Apple Pay and Google Pay.
Check out our Help Center article for step-by-step instructions.
How to buy Polygon (POL) with a bank transfer?
Move funds from your local bank to your Nexo account using a bank transfer. EUR and GBP transfers are typically completed quickly, while USD wire transfers may require up to two business days.
When your funds are available, access the Exchange tab in the Nexo app and trade them for POL.
Visit our Help Center article for step-by-step instructions on buying POL with a bank transfer.
What tools can help me with my crypto tax reporting?
We've partnered with Koinly, a leading crypto tax software provider, to help our clients easily track and report their Polygon (POL) and other crypto transactions. Through our platform's integration with Koinly, you can seamlessly import your POL trading history and generate tax reports that align with your local tax requirements.
Check out our guide on how to create a tax report via Koinly.
How does Nexo take care of my Polygon (POL)?
Your POL holdings are secured through a multi-layered custodial approach, working with top-tier providers like Ledger Vault and Fireblocks. This ensures diversified protection for your assets. In addition, we offer:
- Strong 256-bit encryption and fraud monitoring mechanisms, ensuring the integrity of your funds.
- ISO/IEC 27001:2013 accredited information management systems.
- 24/7 Client Care team providing personalized service that goes beyond the standard.
Explore more about our security approach for POL here.