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Polygon Ecosystem Token

Polygon Ecosystem Token pricePOL

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POL
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USD
1 POL = 0.7011 USD
Last updated 2024-04-25 13:52:18(UTC-0)

Polygon Ecosystem Token price live data summary

The live price of Polygon Ecosystem Token is $0.7011 per (POL / USD) today with a current market cap of $109.91M USD. The 24-hour trading volume is $768,767.61 USD. POL to USD price is updated in real time. Polygon Ecosystem Token is -6.03% in the last 24 hours. It has a circulating supply of 156,761,470 .

What is the highest price of POL?

POL has an all-time high (ATH) of $1.29, recorded on 2024-03-13.

What is the lowest price of POL?

POL has an all-time low (ATL) of $0.5948, recorded on 2024-04-13.

Polygon Ecosystem Token price performance in USD

24h7d30d90d1yAll-time
-6.03%+3.79%-33.30%-6.69%----

Polygon Ecosystem Token price history in USD

TimeLowHigh
24h$0.6903$0.7438
7d$0.6264$0.7621
30d$0.5948$1.08
90d$0.5948$1.29
1y$0.5948$1.29
All-time$0.5948(2024-04-13, 12 days ago )$1.29(2024-03-13, 43 days ago )

Polygon Ecosystem Token market information

Market cap
$109,906,586.24
-6.03%
Fully diluted market cap
$7,114,705,036.6
-6.03%
Volume (24h)
$768,767.61
-1.11%
Market rankings
Circulation rate
+1.00%
24h volume / market cap
0.0069
Circulating supply
156,761,470 POL
Total supply / Max supply
10.15B POL
-- POL

Polygon Ecosystem Token ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

Polygon Ecosystem Token Social Data

In the last 24 hours, the social media sentiment score for Polygon Ecosystem Token was 3, and the social media sentiment towards Polygon Ecosystem Token price trend was Bullish. The overall Polygon Ecosystem Token social media score was 0, which ranks 816 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,318,607 times, with Polygon Ecosystem Token being mentioned with a frequency ratio of 0%, ranking 867 among all cryptocurrencies.

In the last 24 hours, there were a total of 49 unique users discussing Polygon Ecosystem Token, with a total of Polygon Ecosystem Token mentions of 20. However, compared to the previous 24-hour period, the number of unique users decrease by 27%, and the total number of mentions has decrease by 33%.

On Twitter, there were a total of 0 tweets mentioning Polygon Ecosystem Token in the last 24 hours. Among them, 0% are bullish on Polygon Ecosystem Token, 0% are bearish on Polygon Ecosystem Token, and 100% are neutral on Polygon Ecosystem Token.

On Reddit, there were 0 posts mentioning Polygon Ecosystem Token in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% . Additionally, there were 0 comments mentioning Polygon Ecosystem Token. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
3
Social score(24h)
0(#816)
Social contributors(24h)
49
-27%
Social mentions(24h)
20(#867)
-33%
Social dominance(24h)
0%
Twitter
Tweets(24h)
0
0%
Twitter sentiment(24h)
Bullish
0%
Neutral
100%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About Polygon Ecosystem Token(POL)

What Is Polygon Ecosystem Token ?

Polygon Ecosystem Token is the new native token of the Polygon blockchain. Launched in October 2023, it is the next evolutionary step in the Polygon network's journey towards creating a decentralized and scalable blockchain platform. Born out of the need to address the challenges faced by open-source projects, such as the free rider problem, the Polygon Ecosystem Token aims to align contributors and provide them with tangible value. The Ethereum protocol, with its native token, has already demonstrated how such tokens can bootstrap a thriving ecosystem, ensuring network security and incentivizing protocol participants. Taking inspiration from this, the Polygon network, which initially had MATIC as its native token, has introduced POL as a technical upgrade to further its vision of becoming the Value Layer of the Internet.

POL, or the Polygon Ecosystem Token, is designed to be the primary tool for coordination, growth, and the overall development of the Polygon ecosystem. It represents the future of the Polygon network, aiming to drive its vision forward and ensure that the network remains self-sustainable, powerful, and relevant in the ever-evolving blockchain landscape.

Resources

Official Documents: https://wiki.polygon.technology/docs/pos/assets/pol/

Official Website: https://polygon.technology/

How Does Polygon Ecosystem Token Work?

The POL token is designed to be a hyperproductive asset, a third-generation native token that builds upon the foundations laid by Bitcoin's BTC and Ethereum's ETH. Unlike these tokens, POL offers its holders the ability to validate multiple chains and assume multiple roles within each chain, thereby providing them with multiple streams of rewards. This unique design ensures that the Polygon ecosystem remains secure, coordinated, and primed for growth.

POL introduces several benefits to the Polygon ecosystem:

- Ecosystem Security: A decentralized pool of Proof-of-Stake (PoS) validators ensures the security, resilience, and neutrality of every Polygon chain.

- Infinite Scalability: POL can support the exponential growth of the Polygon ecosystem, allowing the validator pool to scale and support thousands of Polygon chains without compromising security.

- Ecosystem Support: POL provides a sustainable mechanism for ongoing support, ensuring the ecosystem's growth and development.

- Community Ownership: Emphasizing decentralization, POL enables community-driven governance, ensuring that the community has a say in the network's direction.

Validators play a central role in the POL ecosystem. By staking POL, they join the validator pool and can validate any Polygon chain. In return, they receive protocol rewards, transaction fees from the chains they validate, and additional rewards from certain Polygon chains. This multi-faceted reward system ensures that validators are incentivized to contribute positively to the ecosystem.

What Is POL Token?

POL is the next-generation protocol token for the Polygon network, introduced as a technical upgrade to the native asset. It is designed to be the major tool for the growth and coordination of the Polygon ecosystem. POL is built on OpenZeppelin's ERC20 implementations and supports EIP-2612 for signature-based permit approvals. While it shares many features with MATIC, POL is designed to offer more in terms of ecosystem participation and security.

The transition from MATIC to POL represents a shift in the network's vision and capabilities. The upgrade process is designed to be seamless, with MATIC holders being able to send their tokens to an upgraded smart contract and receive an equivalent amount of POL in return. This 1:1 conversion ensures that the transition is smooth and that the community remains at the heart of the Polygon network.

What Determines Polygon Ecosystem Token 's Price?

In the dynamic world of cryptocurrency and blockchain, the price of a token is influenced by a myriad of factors, both intrinsic and extrinsic. For the Polygon Ecosystem Token, commonly known as POL, its price is no exception to this rule. At its core, POL's value is fundamentally determined by supply and demand dynamics within the market. As more users and developers adopt the Polygon platform for its scalability and interoperability features, the demand for POL can increase, potentially driving its price upwards. Conversely, if the network faces challenges or competitors offer more attractive solutions, demand might wane, putting downward pressure on the token's price.

External market conditions also play a pivotal role in shaping POL's price trajectory. Broader cryptocurrency market trends, regulatory developments, technological advancements, and macroeconomic factors can all impact investor sentiment and, consequently, the demand for POL. Additionally, the token's utility within the Polygon ecosystem, such as its role in staking, governance, and transaction fees, can influence its perceived value among users and investors. As the blockchain industry continues to mature, understanding the multifaceted determinants of token prices, like that of POL, becomes crucial for both seasoned investors and newcomers alike.

For those interested in investing or trading POL, one might wonder: Where to buy Polygon Ecosystem Token ? You can purchase Polygon Ecosystem Token on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.

How to buy Polygon Ecosystem Token (POL)

Buying Polygon Ecosystem Token on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Polygon Ecosystem Token (POL) .

Trade POL perpetual futures

After having successfully signed up on Bitget and purchased USDT or POL tokens, you can start trading derivatives, including POL futures and margin trading to increase your income.

The current price of POL is $0.7011, with a 24h price change of -6.03%. Traders can profit by either going long or short onPOL futures.

Join POL copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or POL tokens, you can also start copy trading by following elite traders.

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People are also inquiring about the price of Polygon Ecosystem Token.

What is the current price of Polygon Ecosystem Token?

We update our Polygon Ecosystem Token to USD price in real time. Get the live Price of Polygon Ecosystem Token on Bitget.

What is the 24 hour trading volume of Polygon Ecosystem Token?

Over the last 24 hours, the trading volume of Polygon Ecosystem Token is $768,767.61.

What is the all-time high of Polygon Ecosystem Token?

The all-time high of Polygon Ecosystem Token is $1.29. This all-time high is highest price for Polygon Ecosystem Token since it was launched.

Can I buy Polygon Ecosystem Token on Bitget?

Yes, Polygon Ecosystem Token is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Polygon Ecosystem Token guide.

Can I get a steady income from investing in Polygon Ecosystem Token?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Polygon Ecosystem Token with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.
Cryptocurrency investments, including buying Polygon Ecosystem Token online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Polygon Ecosystem Token, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Polygon Ecosystem Token purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

Trade

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POL is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support POL trades.
You can trade POL on Bitget.

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POL resources

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