Polygon (MATIC) and Polygon (POL)

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This news is related to the Ethereum Dencun update news. Polygon (MATIC) is a layer 1 network that competed with Ethereum. The Polygon dev team has also built a Polygon (POL) layer 2 token on top of Ethereum. It seems to have a very active development team - always at the forefront or in the mix of new advancements in the Ethereum ecosystem.

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Apparently, Polygon will be transitioning the MATIC tokens to a new POL token. From Sep. 2023:
 
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