POL Specifications

Type

COIN

Algorithm

Protocol

Start Date

25/10/2022

Max Supply

Circ. Supply

8,462,869,548

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Info

Polygon (POL) is a versatile blockchain protocol designed to enhance Ethereum'=s scalability and usability. It offers a high-performance platform for fast, low-cost transactions and token swaps. POL is essential for staking, governance and powering the Polygon ecosystem, which supports a wide range of decentralized applications (dApps) and financial systems.

Market Impact

POL has significantly influenced the blockchain landscape by enabling cost-effective token swaps and powering scalable decentralized applications. Its growing adoption on major exchanges has increased liquidity and accessibility for developers and users. As a key player in decentralized finance (DeFi), POL continues to drive innovation in cross-chain connectivity and Web3 solutions.

History

Polygon was originally launched in 2017 as MATIC, focusing on solving Ethereum's congestion and high transaction fees. The rebranding to POL in 2024 introduced advanced features aimed at unifying liquidity across networks and expanding multi-chain connectivity. This evolution was part of the Polygon 2.0 upgrade, which positioned the network as a leader in interoperability and blockchain scalability.

Features

Enhanced Scalability
POL supports thousands of transactions per second, ensuring real-time token swaps and efficient dApp operations.
Affordable Transactions
The Polygon network offers low fees, making it ideal for decentralized exchanges and accessible to users globally.
Interoperable Framework
POL enables seamless asset exchange between blockchains, fostering collaboration across diverse ecosystems.

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*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.