Polygon Ecosystem Token
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Polygon Ecosystem Token in numbers
Polygon Ecosystem Token (POL) ranks #62 by market capitalization, at $1.06B. It belongs to the Networks sector (Ethereum Layer-2). It has traded since Apr 10, 2020, across 16 markets on 58 exchanges, with $156.31M of volume in the last 24 hours. Its all-time high of $1.28 was reached on Mar 13, 2024; the current price is 92.8% below that peak. Its cycle low of $0.0684417 came on Jun 25, 2026.
10.64B POL are in circulation. 42 investors are recorded as backers, including Coinbase Ventures, Animoca Brands, YZi Labs (formerly Binance Labs). 3 team members are listed. Development data lists 17 core developers and 22,648 code commits. On Ethereum, 106,600 addresses hold POL.
About Polygon Ecosystem Token
Polygon is a suite of Ethereum-based scaling solutions designed to enhance the performance of the Ethereum blockchain by moving computation and data storage off-chain into low-fee, high-speed environments. It has evolved from a single chain into a diverse network of blockchains, driven by the need for interoperability among blockchains.
Background
Polygon was initially launched as “Matic Network” in 2017. It was co-founded by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic to address blockchain scaling and usability issues. Some blockchains, like Ethereum, face higher latency and transaction costs. Layer-2 scaling solutions or external sidechain networks can act as load balances for networks that cannot inherently scale as user activity increases.
Matic Network (now Polygon PoS) launched its mainnet and core contracts on Ethereum in May 2020. At launch, all validators on the PoS chain were managed by the Matic Foundation, one of the entities behind the network's development and adoption. The foundation gradually relinquished its control by onboarding third-party validators throughout 2020 and began shutting down its nodes in February 2021.
Matic Network rebranded to Polygon in February 2021 to offer developers a suite of scaling solutions beyond its existing PoS chain. Since the pivot, Polygon acquired the ZK-rollup solution Hermez (Polygon Hermez) and the ZK-rollup solution Mir Protocol (Polygon Zero). Additionally, Polygon has worked on other initiatives, such as Polygon Miden and Polygon Nightfall, in an attempt to bring more privacy to Ethereum transactions. Based on a commercially reasonable search, only Polygon Miden is still in development (public testnet). The other initiatives have been discontinued, combined with others, or spun off as separate, independent projects.
Notable milestones in the project’s development include:
In May 2024, Sandeep Nailwal was appointed as Chief Business Officer.
In October 2025, Polygon partnered with Standard Chartered for AlloyX, a regulated tokenized money market fund that links DeFi stablecoin yields to traditional finance. With Polygon-based looping, AlloyX's tokenized money market fund (RYT) aims to bridge DeFi liquidity with a transparent, audited cash management layer.
In October 2025, VanEck's Polygon ETN and 21shares Polygon ETP were the main instruments offering institutional clients exposure to Polygon.