Polygon, the Ethereum Layer 2 solution, is embroiled in a branding crisis as its community debates reverting to the 'MATIC' ticker. The CEO highlighted that over 95% of users outside social media are unfamiliar with the current 'POL' ticker. While some community members fear that reverting could lead to confusion, others believe it would enhance brand recognition.
The rebranding from Matic to Polygon took place in 2021, with the token transitioning to POL in mid-2023. According to Santiment data, the demand for POL saw a significant decline in the second half of 2024, though there has been a slight recovery recently.
Polygon Faces Branding Dilemma as Community Debates 'MATIC' Ticker Return
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