Polygon (POL) price is $0.2025

Polygon (POL) Live Price Data

The live Polygon (POL) price is $0.2025, with a 24 hours Blynex trading volume of 277.58 K. The price of POL changed by -0.93% in the past 24 hours. With a circulating supply of 8.36B POL and a maximum supply of 10.32B POL coins. POL currently ranks #30 in market cap. You have the option to purchase Polygon (POL) on the Blynex exchange.

Market	Price	24h %	24h High	24h Low	24h Volume
POL/USDT	$0.2025	-0.93%	0.2065	0.2005	275.85 K	Trade

Market

Price

24h %

24h High

24h Low

24h Volume

POL/USDT

$0.2025

-0.93%

0.2065

0.2005

275.85 K

Trade

Polygon (POL) is a utility token within the expansive Polygon network. Buying POL on Blynex Exchange is easy: create an account, verify your identity, deposit funds, and start trading. Check out our guide on How to Buy Polygon (POL).

What is Polygon (POL)?

The Polygon Ecosystem Token serves as the backbone of the Polygon network, enabling numerous operations and services within its ecosystem. Central to its utility is staking, where holders secure the network by locking their tokens. This staking mechanism supports the network's consensus processes, rewarding participants with additional tokens for their contributions. This feature bolsters network security and incentivizes active participation from the community.

Empowering Governance and Unlocking Exclusive Services

Holders of the Polygon Ecosystem Token play a pivotal role in shaping the network’s future through governance rights. By voting on proposals and key decisions, they help steer the ecosystem’s growth and evolution in a direction that aligns with community priorities. Additionally, the token offers access to exclusive services and features within the Polygon ecosystem, granting users unique benefits that enhance their engagement and utility within the network.

Potential for Growth and Market Impact

The token's potential for increased value is tied directly to its wide-ranging applications and the continuous expansion of the Polygon ecosystem. As the network integrates more applications and services, the demand for the token is expected to grow. However, given the inherent volatility of cryptocurrency markets, prospective investors are advised to thoroughly evaluate its potential while acknowledging the risks involved.

Robust Security Mechanisms

The Polygon Ecosystem Token’s security is underpinned by a proof-of-stake (PoS) consensus model. Validators must stake tokens, which not only secures the network but also disincentivizes malicious activities, as dishonest actions could result in forfeited stakes. Complementing this, the network employs rate limits to curb spam and abuse, and checkpoints, which anchor blockchain snapshots to the Ethereum main chain, ensuring swift recovery in the event of a breach.

Privacy, Fairness, and Community-Driven Security

The ecosystem’s privacy-focused architecture prioritizes user anonymity and token integrity, supported by a transparent and equitable token distribution model. Furthermore, an active community enhances vigilance against vulnerabilities and drives innovation to keep the platform secure. With multiple wallet options—spanning web, mobile, and hardware solutions—users have the flexibility to choose the security level that best meets their needs. Together, these efforts form a comprehensive, multi-layered security strategy that safeguards both the Polygon Ecosystem Token and its holders.

POL

Polygon

Polygon (POL) Live Price Data

Markets

About Polygon (POL)

What is Polygon (POL)?

Empowering Governance and Unlocking Exclusive Services

Potential for Growth and Market Impact

Robust Security Mechanisms

Privacy, Fairness, and Community-Driven Security

POL to local currency

POL to crypto currency