Polygon’s POL Best Performer in Top 100 Post Upgrade

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As a researcher who has been closely following the cryptocurrency market for the past few years, I must admit that witnessing Polygon’s POL surge to become the top performer among the top 100 cryptos is nothing short of exhilarating. My first experience with Binance (BNB) was back in 2017 when it was just a baby in the crypto world, and now seeing it playing a pivotal role in POL’s success brings a sense of nostalgia.

In simple terms, the Polygon network’s latest asset, known as POL, has made its way to the top performers among the world’s hundred largest cryptocurrencies. Notable crypto exchanges such as Binance (BNB), OKX, Bybit, and Upbit have already started supporting POL trading. Additionally, some prominent Tier 2 platforms have also followed suit.

POL posts double-digit gains after Binance (BNB) finalizes upgrade

On September 14th, 2024, Polygon’s POL token emerged as the top performer among the leading 100 cryptocurrencies, based on market capitalization. This significant surge can be attributed to the fact that POL has been listed on Binance, the world’s largest cryptocurrency exchange, now accessible in multiple trading pairs such as USDT, USDC, and more.

Polygon's POL Best Performer in Top 100 Post Upgrade

Within a short period, the price of the newly introduced asset skyrocketed from 37.7 cents to approximately 41 cents. At the end of this period, the Price per Order Level (POL) on major trading platforms evened out around 41 cents following a slight dip.

Currently, about 33% of the newly traded tokens on Binance are happening in the POL/USDT market, whereas pairs on Bybit, OKX, and Gate.io collectively account for approximately 15%.

As a researcher, I’ve noticed that some exchanges have introduced Polis (POL) trading in several fiat pairings. For instance, Binance allows trading of the new coin against the Turkish Lira (TRY), Brazilian Real (BRL), US Dollar (USD), and Euro (EUR). On the other hand, GoPax and Upbit have listed POL for trading with the South Korean Won (KRW).

Polygon‘s token upgrade was also finalized by Coinbase, a leading U.S. crypto exchange.

MATIC-to-POL transition paves path for Agglayer

Previously reported by U.Today, the shift of the MATIC token to Polygon in 2024 stands out as a remarkable achievement for this platform.

Beginning September 4, Polygon Network moved a significant step forward towards realizing its vision for the Agglayer ecosystem – an intricate network of diverse, interconnected blockchains in the near future.

In this fresh network setup, POL functions as the gas token. It forms the foundation for our staking structure and rewards system. Previously, most users’ MATIC tokens were moved to POL automatically through specialized services, eliminating the need for any intervention from the token holders themselves.

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2024-09-14 18:56