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Polygon

Polygon (POL)

layer-2

Polygon is an Ethereum scaling ecosystem offering multiple solutions including PoS sidechains, zkEVM rollups, and CDK for building custom L2 chains.

Consensus: Proof of Stake (Tendermint-based for PoS chain)Launched: 2017Official Website

About Polygon

Polygon (formerly Matic Network) is an Ethereum scaling platform that provides multiple solutions for building and connecting blockchain networks. Originally launched in 2017 as a PoS sidechain, Polygon has evolved into a comprehensive ecosystem including Polygon PoS, Polygon zkEVM (a zero-knowledge rollup fully compatible with Ethereum), and Polygon CDK for building custom Layer 2 chains. In 2023, the native token was upgraded from MATIC to POL as part of the Polygon 2.0 roadmap. Polygon has attracted major enterprise partners including Starbucks, Nike, Reddit, and numerous financial institutions exploring tokenization. The network processes millions of transactions daily at a fraction of Ethereum's cost.

Technical Specifications

7,000+ (PoS chain)

TPS

~2 seconds

Block Time

$0.001–$0.05

Gas Fees

Proof of Stake (Tendermint-based for PoS chain)

Consensus

Staking

4–6%

APY

1 POL (delegated staking)

Min Stake

~3-4 day unbonding period

Lock Period

Use Cases

Low-cost DeFi trading and yield farming with EVM compatibility
Enterprise blockchain solutions and tokenization of real-world assets
Gaming and metaverse applications requiring cheap, fast transactions
Building custom Layer 2 chains using Polygon CDK

Pros

  • Full EVM compatibility makes migration from Ethereum seamless
  • Extremely low transaction fees ($0.001–$0.05) while maintaining Ethereum security
  • Multiple scaling solutions (PoS, zkEVM, CDK) for different use cases
  • Strong enterprise adoption with major brands building on Polygon
  • Growing zkEVM technology for trustless Ethereum scaling

Cons

  • PoS sidechain is not a true rollup — has different security assumptions than Ethereum
  • Token migration from MATIC to POL created some user confusion
  • Facing increasing competition from Arbitrum, Optimism, and Base
  • zkEVM still maturing with lower throughput compared to the PoS chain

Where to Buy

BinanceCoinbaseKrakenBybitOKXKuCoinCrypto.comBitfinexGate.io

Frequently Asked Questions

This content is for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk.

Quick Info

Symbol
POL
Category
layer-2
Launched
2017
Smart Contracts
Yes
EVM Compatible
Yes
Staking APY
4–6%

Last updated: 2026-04-01