Wrapped POL
WPOL
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
WPOL (Wrapped POL) serves as the canonical 1:1 ERC-20 wrapper for Polygon's native gas asset, POL (rebranded from WMATIC following the Polygon 2.0 token migration). Across the evaluation sections, WPOL functions as core utility infrastructure rather than an independent application or governance project. Active Development (6.0/10) reflects strong underlying Polygon network development, including hard fork upgrades, despite the absence of wrapper-specific code artifacts. Community Support (2.0/10) is structurally low because WPOL lacks dedicated social channels, forums, or standalone community initiatives. Tokenomics (5.0/10) is tied to POL's supply dynamics, which feature 100% initial circulation with a 2% perpetual annual emission rate split between validator rewards and the community treasury. Market and Use Case (6.5/10) and Team & Governance (6.5/10) highlight high liquidity (~$14M daily volume) and battle-tested smart contract infrastructure, though governance is fully dependent on Polygon Improvement Proposals without a dedicated wrapper team. Security and Audit History (5.0/10) reflects no smart contract exploits, hacks, or depeg incidents involving the wrapper contract, though the score reflects a mechanical cap from the >96% drawdown from all-time highs inherited from the underlying asset. No qualifying red-flag events were affirmatively established to trigger an overall score cap. The overall score of 5.2 represents the exact weighted average across all six evaluated dimensions.
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 Wrapped POL (WPOL)
Wrapped POL (WPOL) is the canonical ERC-20 wrapper for Polygon's native POL token, rebranded from Wrapped MATIC (WMATIC) following Polygon's MATIC-to-POL token migration. It operates primarily on the Polygon PoS network with canonical deployments on additional EVM-compatible networks, including Polygon zkEVM, Linea, and Astar. The contract functions as a 1:1 wrapped representation of POL, enabling Polygon's native gas asset to interact with decentralized finance applications and smart contracts requiring the ERC-20 standard.
The wrapper does not possess independent development roadmaps, dedicated community forums, or standalone tokenomics. Instead, it directly mirrors the monetary policy and governance of POL, which has an initial supply of 10 billion, approximately 10.70 billion tokens in circulating supply, and a 2% perpetual annual emission rate divided between validator rewards and the community treasury. Governance decisions and upgrades are handled at the network level through Polygon Improvement Proposals (PIPs).
In terms of market performance and risks, WPOL trades at roughly $0.11, representing an unrecovered drawdown of approximately 96.3% from its all-time high of $2.91. This decline is inherited from the market valuation of the underlying POL asset rather than any depeg or wrapper failure, as the 1:1 collateralization has remained intact. While the wrapper contract itself has no record of exploits or formal security breaches, downstream friction occurred during the bridge migration, and the underlying POL ecosystem faces structural risks associated with upgradeable emission contracts, ongoing token inflation, and application-layer incidents such as an exploit of Polymarket's integration contract in July 2026.