Polygon’s MATIC to POL upgrade set for September

Polygon Labs has announced Ethereum Layer 2 blockchain Polygon’s technical upgrade for MATIC to POL will go live on September 4, 2024.
The Polygon (MATIC) price traded lower amid the news, although the losses also reflected the downside pressure across other cryptocurrencies.
MATIC to POL transition
Polygon’s transition from MATIC to POL is an upgrade that first surfaced in July last year and made to community governance via PIP-17 in September.
In this proposal, the key idea is the