Polygon has officially become Polygon 2.0, with the cornerstone of the upgrade being the transition from native token MATIC to POL. POL is set to introduce several new staking methods for on-chain validators. The upgrade will also alter the coin's tokenomics to improve the community's earning potential over the coming years. The highly anticipated Polygon upgrade is finally live, after more than 12 months of preparation among the community and developers. Polygon 2.0 was announced in June 2023, and the industry has watched closely to see how the transition—which includes changing the native token standard—would impact the network. Despite the exciting news, Polygon endured a rough day at the office, falling 4.7% while the rest of the market tentatively gained 0.5%. Related: Bitcoin Staking Takes Off Enabling BTC Holders to Earn Across Multiple Blockchains Polygon 2.0 to Unlock Wave of New Earning Mechanisms The biggest changes to Polygon 2.0 are tied directly to the token upgrade, with MATIC moving to a new coin called POL. It's official. The MATIC to POL upgrade is now live, after a year of community-led discussions and consensus