Polygon Ecosystem Token (ticker $POL) is the native utility and staking token of the Polygon Labs ecosystem, designed to power its multi-chain, Layer-2 architecture.
Key features:
It replaces the earlier MATIC token gradually as the core asset for security, staking and governance in the Polygon network.
POL is used to:
Stake and validate across different Polygon chains.
Participate in network governance and decentralised ecosystem incentives.
Enable interaction with thousands of dApps running on Polygon and handle transaction-fees across its infrastructure.
For example: One source notes POL “powers Polygon … securing billions in total value locked, fueling 40,000+ apps …”
