Keynote
- Polygon officially completed its transition from Matic to a new Port Token on September 3rd.
- Prior to the announcement, a massive “buy rumors” rally took place on September 2nd, priced at around $0.29.
- The new Portoken native staking is currently live, allowing holders to earn rewards and qualify for airdrops.
Polygon’s network (NC) has completed after the upgrade from Matic Token to Pol completed and the successful migration announced on September 3rd.
With the transition confirmed, the network has now enabled native staking of new port tokens directly in Ethereum ETH $4,425 24-hour volatility: 1.2% Market Cap: $534.70 b Vol. 24H: $32.23 b allowing users to earn validator rewards.
The market has expressed strong expectations for the news in the classic “buying rumors” scenario. Trading volume peaked at over $631 million on September 1st, according to historical data from Coingecko.
This momentum continued until September 2nd, pushing the token price to nearly $0.29 as trainers positioned themselves ahead of the official announcement.
Following the confirmation on September 3rd, the token price saw a slight consolidation for the $0.28 mark. This price stability suggests that the previous rally had already captured positive market sentiment surrounding the milestone.
TradingView polygon price chart. |Source: TradingView
Functional and network growth
New staking features allow the Po Holder to protect the polygon network. In return for staining the token, participants will receive a portion of the validator’s reward and will be eligible for future community airdrops.
The development positions Pol as a notable option for users who bet on the current market and explore the best crypto.
How to bet Ethereum natively in just three stages. pic.twitter.com/iukuwehzs6
– Polygon (@0xPolygon) August 5, 2025
The fundamental growth of the network is reflected in its on-chain data. Polygon’s unique addresses have been steadily increasing, reaching 527 million as of September 3rd.
This user growth is complemented by a strong defi ecosystem, with the total network value (TVL) reaching $1.23 billion in August, an increase of 43% per year.
This milestone is during the project’s leadership transition. The departure of co-founder Mihailo Bjelic in May marked the third founder’s departure from an active role, prompting discussion within the community about the long-term stability of the protocol.
Related Article: Is Pol, a polygon bullish indicator, comeback?
The continued adoption of the network by government agencies further highlights its growth. For example, the Philippine government recently adopted polygons for document verification.
In the US, Frontier Stable Token (FRNT), a Wyoming government-supported stubcoin, was also released on Polygon Network in August.
The Pol Token is designed for extended utilities as well as fastening a single chain, and is set up in Polygon’s coagulator, an interoperability solution aimed at creating a more unified cross-chain ecosystem.
The upgrade introduced a new tocononomics model with 2% annual emissions over a decade, maintaining a 1:1 swap ratio from Matic to Pol and funding network security and grants.
For users who have not yet migrated, the Matic Migration tool is available in the Polygon portal.
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