Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,148)
  • Analysis (1,350)
  • Bitcoin (1,924)
  • Blockchain (1,113)
  • DeFi (1,321)
  • Ethereum (1,316)
  • Event (48)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,361)
  • Reddit (575)
  • Regulation (1,267)
  • Security (1,818)
  • Thought Leadership (1)
  • Uncategorized (3)
  • Videos (39)
Hand picked
  • How This Bittensor Subnet Is Reshaping Bitcoin Mining From the Ground Up
  • The court condemns us the man in a case of cryptographic financing of the Islamic State; Over 30 years old
  • Pepe Price jumps 45% powered by Ethereum Rally
  • Bitcoin holds most of its rallying gains this week at $ 100,000, altcoins become bullish
  • Best corner even to buy now with feeling in the red – high risk, higher reward?
We are social
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Facebook X (Twitter) Instagram
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
Facebook X (Twitter) Instagram YouTube LinkedIn
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Events
Altcoin ObserverAltcoin Observer
Home»Altcoins»Binance Lists POL Amid $7.14B MATIC Conversion: Now What?
Altcoins

Binance Lists POL Amid $7.14B MATIC Conversion: Now What?

September 17, 2024No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
Pol Webp 1000x600.webp.webp
Share
Facebook Twitter LinkedIn Pinterest Email


Avatar

Published: September 17, 2024

  • POL trading surged after the listing, with $7.14 billion worth of MATIC tokens converted to the new token.
  • Polygon has strengthened its role in tokenized RWA, holding $868.88 million in total value locked.

Binance (BNB) succeeded completed the transition from MATIC to POL, creating a wave of interest among traders.

With $7.14 billion worth of MATIC tokens already converted, representing 71.4% of the total supply, the market is closely monitoring the impact of this change on POL’s price movements, according to Dune.

Source: Dune

The new POL token is now available for trading on multiple pairs including POL/USDT, POL/BTC, and POL/ETH, among others.

POL performance after listing

Following its listing on Binance, POL experienced both volatility and an increase in trading volume. At press time, POL’s price was $0.3794with a 24-hour trading volume of $77,969,673.

The token has seen a decline of -6.29% over the past day, but has posted a modest gain of 0.85% over the past week. Despite this short-term decline, POL has maintained a market cap of $2.7 billion, fueled by its large circulating supply of 7.1 billion tokens.

According to Llama ChallengeTotal value locked (TVL) on Polygon was $868.88 million at press time, indicating strong engagement on the platform.

Additionally, the network’s stablecoins have a market capitalization of $1.982 billion, while the 24-hour trading volume reaches $58.59 million.

Over the past 24 hours, Polygon has seen $1.49 million inflows and 2.84 million transactions. The number of active addresses over the same period is 606,572, while new addresses have increased by 55,169.

Polygon’s Role in Tokenized RWA

Polygon has established itself as the second-largest blockchain in the tokenized real-world asset (RWA) space, with 23 assets on its platform, after Ethereum (ETH)’s 62. market analysis,

“Polygon’s position in the RWA sector, with a total market capitalization of $531.58 million, reinforces its importance in the blockchain ecosystem.”

Source: OurNetwork


Read Polygon (MATIC) Price Prediction for 2024-2025


This substantial market share puts Polygon in a strong position as it enters the POL era.

With its continued growth in the RWA market, the platform is expected to attract more projects, which could impact POL’s long-term value.

Previous: Will Solana Drop to $120? Technical Indicators Say Yes!

Next: Exploring Shiba Inu’s 300% Upside Potential as Traders Position for the Bullish



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleFinancing rates hit new lows in 2024: is a recovery still possible?
Next Article USDT reaches $1 billion authorized issuance on TON

Related Posts

Altcoins

Pepe Price jumps 45% powered by Ethereum Rally

May 10, 2025
Altcoins

XRP for health care: Welgistics secures $ 50 million in credit for pioneer blockchain payments

May 10, 2025
Altcoins

Trader says that the market has prepared a strong reversal after a bull movement – here is its target for Ethereum and Altcoins

May 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Videos

Tokenomics : The Mechanics and Magic of Decentralized Funding | Jason Fernandes | TEDxSDMIMD Mysuru

May 9, 2025

The Mechanics and Magic of Decentralized Funding explores the powerful intersection of blockchain technology, economic…

Event

Altcoin Observer – Official Media Partner for Dutch Blockchain Week 2025

May 9, 2025

30% off DBW Summit! Use code OBSERVER30 at dutchblockchainweek.com. Only for A.O and AdLunam Community …

1 2 3 … 44 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

Pepe Price jumps 45% powered by Ethereum Rally

May 10, 2025

XRP for health care: Welgistics secures $ 50 million in credit for pioneer blockchain payments

May 10, 2025

Trader says that the market has prepared a strong reversal after a bull movement – here is its target for Ethereum and Altcoins

May 9, 2025
Facebook X (Twitter) Instagram LinkedIn
  • About us
  • Disclaimer
  • Terms of service
  • Privacy policy
  • Contact us
© 2025 Altcoin Observer. all rights reserved by Tech Team.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 103,794.81
ethereum
Ethereum (ETH) $ 2,361.87
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.38
bnb
BNB (BNB) $ 663.01
solana
Solana (SOL) $ 171.75
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.223535
cardano
Cardano (ADA) $ 0.793571
tron
TRON (TRX) $ 0.262741