Polygon (POL) is a multi—level blockchain scaling platform created to improve the performance of the Ethereum network. The project was launched in 2017, while its original MATIC token appeared in 2019. The founders of the platform were Janti Kanani, Sandeep Naival and Anurag Arjun, who sought to make the Ethereum blockchain faster and cheaper through additional "second" layers and chains that support compatibility and high performance.

In early 2024, Polygon completed the upgrade of its native token from MATIC to POL as part of the Polygon 2.0 initiative aimed at expanding network functionality and supporting multi-chain solutions. The new POL token provides opportunities for scalability and simplifies interaction with other blockchains, which allows users and developers to use the full potential of the Polygon ecosystem.

Polygon POL is focused on improving scalability, increasing security and reducing transaction costs, which makes it attractive to DeFi protocols, NFT platforms and dApps developers. In addition to these capabilities, the POL token is used to manage the network and ensure its security, which makes it a key element of the Polygon ecosystem, which continues to develop rapidly.