POL goes live after transitioning from Polygon MATIC. The upgrade has resulted to increased whale activity and trading volume
MATIC has been upgraded to POL as the network token for Polygon. With the upgrade, every transaction on Polygon POS, will use POL as native gas token.to POL has finally gone live as planned by Polygon developers. According to the team, it has taken a year of community discussion to upgrade POL as the native token for Polygon.
Notably, this is a technical upgrade that sets the path for the ecosystem’s future as an aggregated network. Besides its utility for gas, the token will also be used to fuel the grants ecosystem and community treasury. However, the trading volume has experienced an exponential surge, increasing by 928.5% to $10.2 million. Additionally, the crypto’s market cap also saw an increase, according to the
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