PolyPrice

(POLY)

The POLY token, an ERC-20 token on Ethereum, is being phased out in favor of POLYX, the native token of the Polymesh blockchain. To migrate, users must use the official bridge provided by the project. You should check if LBank supports the automated swap or if a manual bridge is required. It is essential to use the specific bridge URL provided in official documentation to ensure the legacy POLY tokens are correctly converted to the new native POLYX tokens.

Polymath and Polymesh represent the evolution of the same ecosystem focused on Real World Assets (RWAs). Polymath originally operated as a platform on Ethereum, but the team developed Polymesh as a purpose-built, institutional-grade blockchain specifically for regulated assets. As of mid-2025, the entities consolidated into a single platform. POLY is the legacy Ethereum-based token, while POLYX is the native utility token used for staking and governance on the Polymesh blockchain.

No, they are entirely different assets. POLY is the ticker associated with Polymath, which focuses on security tokens and RWAs. POL is the ticker for Polygon's native token, which was rebranded from MATIC. This naming overlap often causes confusion for investors. When trading on LBank, always verify the contract address and the underlying project to ensure you are purchasing the intended asset, as they operate on different networks and serve different purposes.

Polygon transitioned to POL as part of the "Polygon 2.0" upgrade. Unlike the original MATIC token, POL is designed as a hyper-productive token that can be staked to secure multiple chains within the Polygon AggLayer ecosystem simultaneously. This transition supports the network's shift toward a more scalable, multi-chain architecture. Additionally, the network features a burning mechanism that impacts the token supply based on network activity and protocol upgrades.

As of early 2026, there is no official token for the Polymarket prediction platform. Many "POLY" tokens appearing on chains like Solana are unofficial imitations. While there is persistent community speculation regarding a potential airdrop for active bettors, no official announcement has been made. Users should rely solely on verified social media channels for updates and be cautious of phishing scams promising token rewards or airdrop claims.

Poly Network is a cross-chain protocol that is separate from Polygon and Polymath. It has a history of security vulnerabilities, including a major exploit in 2021. Because of these past incidents, users often express concern regarding the safety of funds on its bridge. If you are interacting with any protocol containing "Poly" in its name, you must verify if it is the Poly Network bridge or a different, unrelated project to avoid confusion and ensure your assets are secure.