Key Takeaways
- Polygon’s Sandeep Nailwal is considering reverting the POL ticker back to MATIC due to community feedback.
- The ticker swap occurred as part of Polygon’s upgrade to 2.0, but many users feel more familiar with the original MATIC name.
Polygon co-founder Sandeep Nailwal is considering asking exchanges to revert the POL token ticker back to its original MATIC name, seven months after the network completed its token migration.
Nailwal said the potential change would be in response to feedback from the trading community and broader usage familiarity. The name MATIC is recognized and remembered within the community and beyond, illustrating a stronger brand identity compared to the newly adopted POL.
Polygon changed its token ticker from MATIC to POL in September 2024, as part of a major network upgrade under the Polygon 2.0 roadmap.
The transition aims to transform the network into a zero-knowledge chain and consolidate liquidity across multiple chains, with POL becoming the native gas and staking token on the Polygon PoS chain.
Source: https://cryptobriefing.com/polygon-token-ticker-matic/
