Polygon’s new ZK-based token is live on Ethereum mainnet

The new native token of Ethereum scaling solution Polygon has gone live on Ethereum mainnet. 

Polygon first revealed its intention to revamp its native MATIC token in July this year. This new token is designed to support a vast ecosystem of various zero knowledge layer-2 chains through a native re-staking protocol.  

This means that POL holders will be able to use the token to validate various chains across Polygon, including Polygon PoS and Polygon zkEVM. 

Polygon PoS is currently one of the largest blockchain ecosystems today. It has a $758.28 million total valued locked (TVL) and a stablecoin market cap of almost $1.7 billion, according to information available on DeFiLlama….

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