POL, a brand new asset from the largest PoS ecosystem Polygon, is entering the top 100 cryptocurrencies. Major crypto exchanges including Binance (BNB), OKX, Bybit, and Upbit have already enabled POL trading, as have some major Tier 2 platforms.
POL Posts Double-Digit Growth After Binance (BNB) Completes Upgrade
Today, September 14, 2024, Polygon’s POL became the best-performing asset in the top 100 cryptocurrencies by market cap. This impressive jump was due to the fact that POL is now available on the world’s largest cryptocurrency exchange Binance (BNB) in pairs with USDT, USDC, etc.
In a few hours, the price of the new asset jumped from $0.377 to $0.43. By the time of printing, POL quotes on leading spot exchanges had stabilized at around $0.41 after a slight correction.
Currently, the Binance POL/USDT pair accounts for 33% of the new token’s trading volume, while pairs on Bybit, OKX, and Gate.io together account for 15%.
Some exchanges have also launched POL trading in fiat pairs. Binance offers trading of the new coin against Turkish lira (TRY), Brazilian riyal (BRL), US dollar, and euro, while GoPax and Upbit have listed POL in pairs with Korean won (KRW).
The Polygon token upgrade was also completed by Coinbase, a leading US-based cryptocurrency exchange.
MATIC-to-POL transition paves the way for Agglayer
As U.Today previously reported, the migration of the MATIC token to POL will be Polygon’s most impressive achievement in 2024.
With the start of the final phase on September 4, Polygon Network is one step closer to its vision of Agglayer – a future ecosystem of interconnected heterogeneous blockchains.
POL will serve as the gas token for the new network, the basis of its staking design, and an incentive tool. The migration from MATIC to POL was largely driven by services without the need for any action from holders.
