Why did the price of POL go up?
POL (formerly MATIC) increased by 0.72% in the last 24 hours. While this is slightly below the overall crypto market’s 0.85% rise, POL is building on a strong 17% gain over the past 60 days. The main factors driving this include positive technical signals near important support levels, a significant reduction in leftover MATIC tokens being converted to POL, and growing use of stablecoins on the Polygon network.
- Technical Rebound – POL’s price bounced off the $0.22 to $0.23 support zone, which has held firm in three tests since August.
- Migration Progress – Nearly 98% of MATIC tokens have been upgraded to POL, easing pressure from old tokens being sold off.
- Stablecoin Growth – Polygon saw $2.56 billion in stablecoin payments in July, a 30% increase from June, highlighting growing real-world use.
Deep Dive
1. Technical Rebound (Mixed Impact)
Overview: POL’s price has tested the $0.22–$0.23 support range three times since August. Historically, this zone has triggered price rallies. Resistance now sits at the 30-day moving average ($0.256) and the Fibonacci 38.2% retracement level ($0.2697).
What this means: The repeated support suggests strong buying interest around this price. However, momentum indicators like RSI (55.38) and MACD histogram are weak, limiting upward movement. If POL breaks above $0.276, it could aim for $0.30. If it fails, the price might fall back to $0.20.
What to watch: Trading volume is important here. The current 24-hour volume is $167 million, which is 43% lower than August’s average of $295 million, indicating less market activity.
2. MATIC→POL Migration Nears Completion (Bullish Impact)
Overview: As of August 20, over 97% of MATIC tokens have been converted to POL (source). This greatly reduces the risk of old MATIC tokens being sold off and putting downward pressure on the price.
What this means: With only about 3% of MATIC tokens left unconverted, there is less chance of sudden sell-offs. This supports Polygon’s shift to POL as the main token for staking, transaction fees, and governance across multiple blockchains.
3. Stablecoin Adoption & Partnerships (Bullish Impact)
Overview: Polygon processed $2.56 billion in stablecoin payments in July, with USDC active addresses reaching 3.16 million (source). In August, Tether launched USDT and gold-backed XAUt0 stablecoins on Polygon.
What this means: Growing stablecoin use shows Polygon’s increasing adoption for real-world transactions, attracting decentralized finance (DeFi) liquidity. Big companies like Starbucks and Disney’s Metaverse are using Polygon for payments, strengthening its reputation as a reliable platform.
Conclusion
POL’s modest price rebound shows technical strength and reduced risks from leftover MATIC tokens, but weak momentum limits further gains for now. A clear break above $0.276 would signal stronger upward momentum. Keep an eye on Polygon CEO Sandeep Nailwal’s September AMA, which may provide updates on AggLayer development and plans for more institutional adoption.
What could affect the price of POL?
POL’s price depends on how smoothly the migration goes, growth in its ecosystem, and overall market trends.
- Migration Progress (Mixed Impact)
Over 97% of MATIC tokens have been migrated to POL, but some MATIC still remains on Ethereum and zkEVM networks, which could lead to selling pressure. - AggLayer Adoption (Positive Outlook)
Upcoming phases that integrate POL into cross-chain liquidity through AggLayer could increase its usefulness. - Stablecoin Growth (Positive Outlook)
Polygon’s stablecoin supply of $2.8 billion and over 11 million peer-to-peer addresses show increasing real-world usage.
In-Depth Analysis
1. Migration Progress (Mixed Impact)
Overview:
The switch from MATIC to POL was completed for Polygon PoS users on September 4, 2024, which helped reduce token fragmentation. However, about 2% of MATIC tokens still exist on Ethereum and zkEVM networks. Holders on these networks need to manually migrate their tokens through the Polygon Portal or by swapping on decentralized exchanges (DEXs), which could cause delays or prompt some to sell instead.
What this means:
In the short term, there might be price swings if holders decide to sell their leftover MATIC instead of migrating. But once the migration is fully complete, POL will become the single token used for transaction fees and staking, encouraging long-term holding and stability.
2. AggLayer Adoption (Positive Outlook)
Overview:
AggLayer version 0.3 is designed to bring together liquidity across different Polygon chains, with POL acting as the main settlement token. A staking hub planned for 2025 will allow POL to secure multiple blockchains, increasing its utility and token burn (removal from circulation).
What this means:
If AggLayer is successfully integrated, POL could become a highly productive token, attracting demand from network validators and decentralized applications (dApps). For context, after the migration, Polygon’s total value locked (TVL) increased by 43% year-to-date, reaching $1.23 billion—outperforming competitors like Optimism.
3. Stablecoin Growth (Positive Outlook)
Overview:
In July 2025, Polygon handled $2.56 billion in stablecoin payments, with USDC active addresses reaching 3.16 million. The launch of Tether’s gold-backed stablecoin, XAUt0, on Polygon has also expanded its use among institutional investors.
What this means:
The rise in stablecoin transactions supports POL’s fee-burning mechanism and strengthens its role as a payments platform. Key metrics to watch include the supply of USDT on Polygon (currently $1.29 billion) and cross-chain stablecoin flows.
Conclusion
POL’s price may face some short-term challenges due to remaining migration issues, but it has strong long-term potential thanks to AggLayer’s cross-chain capabilities and growing stablecoin adoption. Keep an eye on migration completion rates (aiming for over 99%) and AggLayer’s progress toward mainnet launch. The big question: Will AggLayer’s 2025 roadmap transform POL from a proof-of-stake token into a multi-chain settlement asset?
What are people saying about POL?
The POL community is caught between excitement for a breakout and frustration from slow progress. Here’s what’s trending right now:
- Traders are watching the $0.31 price level closely—it could be a key point for a big move.
- Nearly all MATIC tokens have been switched to POL, boosting confidence in the ecosystem.
- Mixed signals: Big investors are buying, but some market data shows caution.
In-Depth Look
1. Migration Progress and Rally Potential – Positive Signs
According to @Tokocrypto, 97.8% of MATIC tokens have been migrated to POL. This is a big milestone because it means fewer old MATIC tokens are being sold off, which helps stabilize POL’s price. It also shows that POL is being used more on Polygon’s upgraded network, which can handle over 1,000 transactions per second and holds $1.23 billion in total value locked (TVL).
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2. Staking Rewards and Airdrop Opportunities – Positive Outlook
@0xPolygon highlights that staking POL tokens not only helps secure the network but also earns rewards and qualifies holders for upcoming airdrops. With nearly all tokens migrated, staking could reduce the number of POL tokens available for trading, potentially increasing demand. Projects like Katana are using POL stakes to distribute airdrops, which encourages more people to hold POL.
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3. Price Support and Possible Breakout – Neutral View
A crypto analyst on CoinMarketCap notes that POL is holding support around $0.245. If buyers keep control, the price could break out to $0.26. However, the current price ($0.269) is still below a nearby resistance at $0.29, meaning the market might stay sideways for now.
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4. Selling Pressure and Market Caution – Negative Signals
AMBCrypto reports that POL is facing daily selling of about $263,000 on the spot market, along with negative funding rates in derivatives trading. This suggests some traders are betting against POL, which could limit price gains despite positive on-chain activity.
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Summary
The outlook for POL is mixed. Developers are excited about the growing ecosystem, which now includes 45,000 decentralized apps (dApps) and 1.6 million daily users. However, traders are cautious because liquidity is thin, making big price moves harder. Keep an eye on the $0.31 resistance level—a clear move above this could confirm a strong recovery, as suggested in August’s CMC analysis. If POL fails to break through, the token might continue its downward trend seen over the past 14 months, which averages a 28% annual loss.
What is the latest news about POL?
POL is benefiting from strong ecosystem growth and migration momentum but is currently facing some liquidity challenges. Here are the key updates:
- Migration Upgrade Live (September 7, 2025) – A new token migration feature aims to complete the switch from MATIC to POL.
- Ecosystem Milestone Reached (September 1, 2025) – Nearly 98% of MATIC tokens have been converted to POL, with $1.23 billion in total value locked (TVL) and over 45,000 decentralized apps (dApps) running on the network.
- Institutional DeFi Expansion (August 29, 2025) – Partnerships with Starbucks and Disney Metaverse, plus Tether’s expansion of cross-chain tools, are boosting Polygon’s presence in decentralized finance (DeFi).
Deep Dive
1. Migration Upgrade Live (September 7, 2025)
Overview: On August 31, Polygon introduced a new feature called the migrateTo function. This allows users to send their migrated POL tokens to any address they choose. This update completes the third phase of the migration process, with 97.83% of MATIC tokens already converted to POL. The upgrade also makes it easier for users to participate in governance and delegate staking.
What this means: This update is generally positive for POL. It lowers barriers for users who haven’t yet migrated their tokens, but there are still liquidity concerns. For example, on August 21, there was $263,000 in spot selling and nearly $10 million in derivatives unwinding. Keep an eye on the price support zone between $0.2264 and $0.2318, which has been tested multiple times since August. (0xPolygon)
2. Ecosystem Milestone Reached (September 1, 2025)
Overview: Polygon’s total value locked (TVL) reached $1.23 billion, a 2025 high that surpasses competitors Optimism and Arbitrum by 22%. The network now supports over 45,000 dApps, and stablecoin payments on Polygon hit $2.56 billion in July.
What this means: This is a strong sign of POL’s growing utility. However, the number of active weekly users dropped to 2.2 million from a peak of 3.5 million, indicating that growth is slowing amid broader market challenges. On the bright side, the Altcoin Season Index rose 117% in the past month, suggesting POL could benefit from a shift in investor interest toward altcoins. (Bitget)
3. Institutional DeFi Expansion (August 29, 2025)
Overview: Polygon has made significant strides in institutional adoption by partnering with major brands like Starbucks for NFT-based loyalty programs, Disney Metaverse for asset bridging, and Meta for social wallet infrastructure. Additionally, Tether launched USDT0 and XAUt0 tokens on Polygon, enabling gold-backed loans.
What this means: These partnerships are positive for POL’s enterprise adoption and regulatory positioning, especially with alignment to the GENIUS Act. However, Polygon faces competition from other blockchains like Avalanche and Solana, which are also pursuing similar deals. POL’s price has risen about 10.7% over the past 30 days, reflecting this momentum.
Conclusion
POL’s migration progress and growing institutional partnerships show a solid foundation for the network. However, liquidity remains thin, and recent derivative sell-offs could lead to short-term price swings. With nearly all tokens migrated, the big question is whether this will boost staking demand or make POL vulnerable to broader altcoin market pressures.
What is expected in the development of POL?
POL’s roadmap is centered on improving scalability, integrating with more blockchain networks, and enhancing governance.
- AggLayer Integration (Q4 2025) – Complete cross-chain compatibility to unify liquidity across different blockchains.
- Staking Hub Launch (2025) – Allow POL holders to help secure multiple Polygon networks and earn rewards.
- Gigagas Roadmap (2026) – Aim for 100,000 transactions per second (TPS) to support large-scale business use.
In-Depth Look
1. AggLayer Integration (Q4 2025)
What it is:
AggLayer is Polygon’s solution to connect different blockchains, allowing assets and data to move smoothly between them. By September 2025, 99% of MATIC tokens will have migrated to POL (Polygon Labs), making POL the key token for cross-chain operations. This upgrade requires approval from the community to activate POL’s role in validating transactions and sharing data.
Why it matters:
This will increase POL’s usefulness by making it essential for cross-chain activities. However, delays could happen if validators don’t reach agreement.
2. Staking Hub Launch (2025)
What it is:
The staking hub will let POL holders participate in securing not just the main Polygon network but also other chains like zkEVM and Miden. Stakers will earn rewards from multiple chains and gain governance rights. Rewards will be split evenly between validators and community projects (Tokenomics Update).
Why it matters:
This broadens how POL can be used and should increase demand. Still, if not enough users stake, reward rates might decrease.
3. Gigagas Roadmap (2026)
What it is:
The Gigagas plan aims to boost Polygon’s transaction speed to 100,000 TPS by 2026, starting with the Bhilai upgrade in 2025. This will support real-world asset transactions and small payments, using POL as the fee token. Partnerships with companies like Stripe and BlackRock suggest growing interest from big institutions (Coincu).
Why it matters:
This could attract more developers and users, but competition from other blockchains like Solana and Arbitrum might limit growth.
Conclusion
POL is evolving from a token used on a single blockchain to a key player across multiple networks. Keep an eye on how well AggLayer is adopted and how many users participate in staking after 2025. The success of the Gigagas plan will show if POL can lead in attracting institutional users compared to other Layer 2 solutions.
What updates are there in the POL code base?
POL’s latest updates focus on making the network faster, more connected, and easier to migrate.
- Heimdall v2 Mainnet Launch (July 10, 2025) – Improved consensus system for quicker and more secure transactions.
- Bhilai Upgrade (July 2025) – Boosted transaction speed to 1,000 per second with final confirmation in 5 seconds.
- AggLayer v3.0 Rollout (July 2025) – Uses advanced cryptography to enable smooth cross-chain liquidity sharing.
Deep Dive
1. Heimdall v2 Mainnet Launch (July 10, 2025)
Overview: Polygon upgraded its core consensus mechanism from Tendermint to CometBFT, cutting transaction finality time from about 90 seconds down to 4–6 seconds.
This upgrade also cleaned up the codebase, reducing technical issues and improving the reliability of cross-chain bridges. Node operators needed to update their software by July 10 to keep syncing properly.
What this means: This is a positive development for POL because faster transaction finality improves the experience for decentralized apps (dApps) and traders. The cleaner codebase also helps developers build new features more quickly. (Source)
2. Bhilai Upgrade (July 2025)
Overview: Polygon’s Proof-of-Stake network increased its transaction capacity to 1,000 transactions per second (TPS) and reduced finality time to about 5 seconds. This sets the stage for reaching 5,000 TPS by October.
The upgrade involved adjusting gas limits and node settings to support enterprise-level scalability.
What this means: This is good news for POL because faster and cheaper transactions attract more developers and users, strengthening Polygon’s role as a high-performance Layer 2 solution for Ethereum. (Source)
3. AggLayer v3.0 Integration (July 2025)
Overview: This update introduced zero-knowledge proofs, a type of advanced cryptography, to combine liquidity across different Polygon chains. This allows users to perform cross-chain swaps in a single transaction.
It’s part of Polygon 2.0’s vision to create an “Internet of Value,” making it easier to build interconnected decentralized applications.
What this means: This is promising for POL because smoother interoperability can help the ecosystem grow. However, its success depends on how quickly developers adopt these new tools. (Source)
Conclusion
POL’s recent updates focus on scaling for enterprise use and improving cross-chain connectivity. Heimdall v2 and Bhilai tackle current performance limits, while AggLayer v3.0 prepares the network for future interoperability. The key question remains: will these faster transaction speeds lead to sustained growth as we approach the fourth quarter?