MATIC vs POL Token — Understanding Polygon's Transition
In September 2024, Polygon completed one of the most significant token migrations in blockchain history, replacing the MATIC token with a new POL token as part of its Polygon 2.0 roadmap. Understanding the difference between MATIC and POL is essential for anyone studying Polygon's historical price data.
Key Differences: MATIC vs POL
Migration Ratio and Process
The MATIC-to-POL migration uses a 1:1 conversion ratio — each MATIC token is exchangeable for one POL token. The migration is designed to complete gradually over a 4-year period. MATIC holders can migrate their tokens at any time through the official Polygon migration portal. The transition does not require any specific action by most users on centralized exchanges, as platforms handle the migration automatically.
Price Impact of the MATIC to POL Migration
Immediately following the migration launch on September 4, 2024, POL experienced approximately a 3% price decline driven by short-term uncertainty among token holders. This reaction was modest compared to historical token migration events. By the end of 2024, POL had recovered to around $0.68. In 2025, POL continued to decline alongside broader altcoin weakness, hitting its ticker-specific all-time low of $0.1533 in April 2025.