What is Polygon?
Polygon is a fast, low-cost blockchain that is fully compatible with Ethereum — the same ERC-20 tokens and wallets work, but transactions cost a fraction of a cent instead of dollars.
Polygon in plain English
Polygon is a popular "EVM" blockchain — it runs the same smart-contract code as Ethereum, so any ERC-20 token, wallet (like MetaMask) or app works on it. The difference is speed and cost: Polygon settles transactions in seconds for tiny fees, which made it a favourite for tokens, payments, games and NFTs.
What is POL?
POL is Polygon's native coin (it replaced the old MATIC token in 2024). You use small amounts of POL to pay network fees — just like ETH on Ethereum or BNB on BNB Chain. A few POL is more than enough to deploy a token and make many transactions.
Why people choose Polygon
- Ultra-low fees — usually well under one cent.
- Ethereum-compatible — ERC-20 standard, MetaMask, same tooling.
- Fast — transactions confirm in a couple of seconds.
- Big ecosystem — major DeFi, NFT and payment apps.
Creating a token on Polygon
Because Polygon uses the ERC-20 standard, launching a token is the same simple process as Ethereum — only far cheaper. Our Polygon token creator deploys a verified contract in minutes with no coding. See also ERC-20 explained.
Frequently asked questions
Is Polygon the same as Ethereum?
Polygon is a separate, Ethereum-compatible chain. It uses the same ERC-20 standard and wallets, but has its own coin (POL) and much lower fees.
What coin does Polygon use?
POL (formerly MATIC). You need a little POL to pay for transactions and to deploy a token.
Is Polygon good for tokens?
Yes — it is one of the cheapest EVM chains, so it is ideal for affordable, mainstream token launches.
Ready to create your own token?
Launch a token on BNB Chain, Ethereum, Base, Arbitrum, Solana, Polygon, Optimism, Linea, Avalanche, Scroll, Sui, TON, Berachain, HyperEVM, Sonic, Unichain, World Chain, Soneium, Mantle or Cronos — no code, in minutes.
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