Polygon set to replace MATIC with innovative POL token this September
There are no immediate deadlines for MATIC holders on Ethereum and Polygon zkEVM to upgrade to POL. However, the community will have the authority to set a deadline in the future.
Tom Wan, a research strategist at 21.co, said these processes would increase the progress of the token migration to more than 50%. Dune analytics data pegs the token migration progress at 0.1% as of press time.
The POL upgrade testnet launched on July 17. This testnet allows users and developers to familiarize themselves with the upgrade ahead of the mainnet migration.
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