MATIC (migrated to POL)
MATIC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
MATIC is the deprecated legacy token of the Polygon network, having completed an orderly 1:1 migration to POL that commenced on September 4, 2024 (with approximately 99% migrated). Because the token is obsolete, four evaluation sections (Active Development, Community Support, Market and Use Case, and Team and Governance) lacked sufficient active data and were excluded from scoring. For the scored sections, Tokenomics scored 1.5/10 due to complete loss of utility and staking roles alongside dilution from POL's ongoing issuance, while Security and Audit History scored 3.5/10 reflecting an unrecovered historical drawdown, June 2023 SEC regulatory classification claims against third-party exchanges, and deprecated status despite having no underlying smart contract exploit. The resulting weighted average score across the available sections is 2.4/10.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About MATIC (migrated to POL) (MATIC)
MATIC (MATIC (migrated to POL)) is a deprecated legacy token of the Polygon network that formally began migrating to POL on September 4, 2024. Polygon is an EVM-compatible scaling network settling to Ethereum, co-founded by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic. The project initiated a 1:1 migration process to replace MATIC with POL as the native gas, staking, and governance token, with approximately 99% of MATIC tokens migrated by September 2025.
Historically, MATIC operated with a capped supply of 10,000,000,000 tokens on Ethereum as an ERC-20 token and as the native gas asset on the Polygon PoS chain. Following the transition to POL, MATIC has experienced a total loss of on-chain utility. Staking and network fee functionality have shifted entirely to POL, which introduces a 2% perpetual inflation rate that structurally dilutes any remaining unmigrated MATIC holdings.
MATIC has been subject to notable market, regulatory, and ecosystem events. In June 2023, the U.S. Securities and Exchange Commission (SEC) labeled MATIC as a security in legal complaints against third-party exchanges, prompting a public dispute from Polygon Labs and contributing to a weekly price drop exceeding 33%. Following the migration, major exchanges including Kraken and Bitstamp wound down MATIC trading support or auto-converted user balances to POL. Additionally, while the MATIC token contract itself experienced no security exploits, ecosystem applications experienced incidents, such as Polymarket's UMA CTF Adapter deployed on Polygon being exploited for over $520,000.