PolygonPOL

The fee and staking token of Polygon, a payments-focused network compatible with Ethereum.

Rank #75Since September 2024 (as MATIC from April 2019)

Price on 31 Oct 2026

C$0.1291 +29.0% since 31 Jul 2026 · 92.6% below its all-time high

The short version

Polygon is a network of Ethereum-compatible chains focused on payments and stablecoins; POL, which replaced MATIC in Sep 2024, pays fees and is staked to secure it. Polygon Labs and the Polygon Foundation, led by co-founder Sandeep Nailwal, develop it. The prediction market Polymarket generates most app fees on Polygon, and a 100M POL burn was announced on 18 Sep 2026. On 31 Oct 2026 one POL cost C$0.1291. From 31 Jul 2026 to 31 Oct 2026 its price changed +29.0% in Canadian dollars, and it was 92.6% below its all-time high of C$1.73 set on 13 Mar 2024.^[1]

Checked 31 Oct 2026 · 12 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$0.2700 (3 Nov 2025) · low C$0.0974 (1 Jul 2026) · -49.9%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$0.1291	US$0.0925
30 Sep 2026	C$0.1673	US$0.1176
31 Aug 2026	C$0.1347	US$0.0971
31 Jul 2026	C$0.1005	US$0.0716
30 Jun 2026	C$0.1005	US$0.0708
31 May 2026	C$0.1241	US$0.0899
30 Apr 2026	C$0.1262	US$0.0930
31 Mar 2026	C$0.1271	US$0.0914
28 Feb 2026	C$0.1491	US$0.1090
31 Jan 2026	C$0.1508	US$0.1118
31 Dec 2025	C$0.1407	US$0.1028
30 Nov 2025	C$0.1874	US$0.1336

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$0.1291^[1]
3-month change: +29.0% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 92.6% below its high of C$1.73 (13 Mar 2024)^[1]
Market rank: #75, market value about C$1.4B^[1]
Kind: Token · Ethereum (ERC-20); gas and staking token of Polygon PoS
Started: September 2024 (as MATIC from April 2019)

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?NoOnly the emission contract mints, within a cap that needs a 10-day timelock to change^{[2, 3]}

Can anyone freeze or take coins from holders?NoNo blacklist or seize function; GoPlus flags pausing, but no pause function was found^{[2, 3]}

Can the token's contract code be changed?NoFixed contract code on Ethereum, not a proxy^[2]

Is the supply capped?NoNo maximum supply^[4]

Any scheduled unlocks in the next 12 months?NoNo vesting cliffs; DefiLlama lists no locked POL^[5]

Does a team or foundation hold over 10% of supply?Not disclosedNo locked allocations remain; team, investor and treasury holdings unpublished^[5]

Do network fees reach coin holders?YesBase fees are collected for burning; a first 100M POL burn was announced 18 Sep 2026^[6]

Main network hacked or halted in the past 2 years?NoNo exploit or halt of Polygon PoS found since Oct 2024^{[7, 8]}

Is a regulator or court case targeting the coin itself?NoNo live regulator case naming POL or Polygon Labs found^[6]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: Polygon Labs and the Polygon Foundation; Foundation CEO Sandeep Nailwal; team spread globally^{[6, 9]}
Mint control: Only an emission contract can mint, capped at 13.37 POL a second; cap changes pass a 10-day timelock^{[2, 3]}

Supply

In circulation: 10.64B POL^[1]
Maximum supply: None set^[1]
Supply: 10.64B POL circulating, equal to total; no maximum supply^[4]
New coins: About 2% a year (about 200M POL), partly to a community treasury^[6]
Planned burn: 100M POL burn from collected base fees announced 18 Sep 2026; execution not confirmed^[6]

Use and fees

Main use: Payments and stablecoins on Polygon PoS (US$2.87B of stablecoins); POL pays gas and is staked^{[10, 6]}
Network fees: US$30.5M in the past year; apps took US$386.3M, of which Polymarket about US$265M^[10]
Who gets fees: Base fees collect in a wallet for burning; staking rewards come from new issuance^[6]

Trading

Daily trading: About C$103.1M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 6.31% of its market value changes hands each day^[1]
20-week average: 3.7% above its 20-week average price^[1]
1-year change: -51.3% in C$^[1]^[11]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later^[12]

Typical result: Median -25% after a year; 45% higher after two years
Lost half or more: 38% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

No red flags found

Polymarket, the largest app on Polygon, made about 76% of daily app fees in Sep 2026 and is blocked in France.^[6]
Security releases Bor v2.10.3 and Heimdall v0.12.1-0.12.2 shipped on 14-16 Oct 2026 for the Lugano hard fork.^[8]
Polygon zkEVM Mainnet Beta is being shut down during 2026.^[8]
Polymarket International lost about US$2.7M in a supply-chain attack on 29 Oct 2026.^[7]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.