Polygon's co-founder Sandeep Nailwal is weighing the potential of reverting the POL token ticker back to MATIC, following community feedback. The recent switch to POL was part of the Polygon 2.0 upgrade, yet many users still feel a stronger connection to the original name, MATIC, which offers historical context and brand recognition within the cryptocurrency community.
In his recent communication, Nailwal acknowledged that many traders express nostalgia for the MATIC ticker. This name not only has significant traction among existing users but also resonates well with prospective investors unfamiliar with the new POL designation. The original ticker symbolizes a more decisive identity in the rapidly evolving crypto landscape, underscoring a brand that people can readily recall.
The initial change to POL was implemented in September 2024 as part of a strategic upgrade aimed at enhancing the network's capabilities, particularly its evolution toward a zero-knowledge chain. This transition intended to streamline liquidity across multiple blockchain platforms and redefined POL as the native gas and staking token for the Polygon Proof of Stake chain. The decision to alter the ticker arose during this important upgrade, but the underlying sentiment suggests a reevaluation may be prudent given the strong calls from the community to restore the original identity that many found familiar and reliable.