Polygon Labs has announced it has deployed contracts for its next-generation cryptocurrency, POL, on the Ethereum mainnet. 

The team has revealed it has migrated the POL token contract to the Ethereum network, clearing the path for it to replace MATIC in the future. 

POL Ethereum Contract Deployed 

The POL cryptocurrency is designed to evolve from the existing MATIC token and will align with the architecture for the upcoming Polygon 2.0 upgrade. Polygon completed deploying the testnet earlier this month. However, the team has clarified that MATIC holders don’t need to exchange it for POL as of now. 

“The POL token upgrade is now live on Ethereum mainnet. Polygon 2.0, released this summer, is a roadmap for scaling Ethereum to build the Value Layer of the …