Polygon (MATIC)

Polygon PoS is a blockchain created to complement the Ethereum blockchain and solve scalability issues including rising fees and slow processing speeds.

In September 2024, Polygon Labs, the foundation that is managing the Polygon Protocol, changed the name of the Polygon PoS-based token from Polygon (MATIC) to Polygon Ecosystem Token (POL).

Notes on Polygon (MATIC) transfers

Both Polygon (MATIC) and the Polygon Ecosystem Token (POL) exist on the Ethereum network, and bitFlyer supports both of the Ethereum-based assets. Please be aware that Polygon (MATIC) and the Polygon Ecosystem Token (POL) are two separate crypto assets and transfer addresses are not the same.