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The upgrade to POL has been initiated on the Ethereum mainnet following several months of development, community consultation, and a successful testnet launch.Even though POL has been deployed on the mainnet, this does not imply that the token will automatically replace MATIC. Such a transition requires approval through governance processes and will be synchronized with the launch of the Polygon 2.0 upgrade.
Polygon Labs clarified that the upgrade does not alter active systems on either the Polygon PoS or Polygon zkEVM networks at this time. In fact, all existing contracts will continue to function as previously designed.In June 2023, Polygon Labs introduced Polygon 2.
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