Polygon's POL Token Surges Post-MATIC Migration, Boosting Market Metrics

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#DeFi
MATIC
POL
BNB
AmbCrypto
570Words
Sep 14, 2024
Polygon’s POL token surged after MATIC’s migration, boosting price and trading volume. The migration from MATIC to POL led to a 320% increase in trading volume and a 7% rise in price over 24 hours. POL is now listed on major exchanges like Binance and will soon launch futures trading on Coinbase. The price action shows strong bullish momentum, with potential for further gains. Key metrics like the OI-weighted funding rate have also spiked, indicating strong market interest. The market cap and trading volume for POL have significantly outpaced those of MATIC, suggesting sustained growth potential.