Based on AMBCrypto, Ethereum L2 Polygon is facing a branding crisis as the community is divided over a potential return to the former 'MATIC' ticker. The CEO noted that over 95% of users outside social media are unfamiliar with the new 'POL' ticker. Some community members argue that reverting would cause confusion, while others support the move for stronger brand recognition. The rebranding from Matic to Polygon occurred in 2021, with the token switching to POL in mid-2023. Santiment data shows mixed results, with a sharp drop in demand for POL in H2 2024 and a recent slight recovery.
Polygon Faces Branding Crisis as Community Splits Over Reverting to 'MATIC' Name
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