Close Menu
Altcoin ObserverAltcoin Observer
  • Regulation
  • Bitcoin
  • Altcoins
  • Market
  • Analysis
  • DeFi
  • Security
  • Ethereum
Categories
  • Altcoins (1,260)
  • Analysis (1,453)
  • Bitcoin (2,032)
  • Blockchain (1,176)
  • DeFi (1,391)
  • Ethereum (1,395)
  • Event (52)
  • Exclusive Deep Dive (1)
  • Landscape Ads (2)
  • Market (1,434)
  • Reddit (684)
  • Regulation (1,334)
  • Security (1,924)
  • Thought Leadership (2)
  • Uncategorized (3)
  • Videos (41)
Hand picked
  • The boom of the Ethereum term contract market while open interest increases to a new peak
  • Sui-based Cetus Protocol offers $6M bounty to hacker after $223M exploit
  • Bitcoin has just become larger – Top Global Firm deploys a loan program of $ 2 billion
  • “ End of Bear Market ” – The analyst says that Altcoins about to shine, updates forecasts on Bitcoin and Ethereum
  • Bitcoin enters a consolidation phase while traders make a profit
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

“ End of Bear Market ” – The analyst says that Altcoins about to shine, updates forecasts on Bitcoin and Ethereum

May 29, 2025
Altcoins

Crypto Bank Sygnum brings the chief of the former CFTC to direct regulatory efforts

May 28, 2025
Altcoins

Why did Suit Price increase by 8% today?

May 28, 2025
Add A Comment
Leave A Reply Cancel Reply

Single Page Post
Share
  • Facebook
  • Twitter
  • Instagram
  • YouTube
Featured Content
Thought Leadership

The Future of Organizations – Jason Fernandes, Co-Founder AdLunam Talks DAOs & Web3

May 28, 2025

In the latest episode of Token Money Magnet, we dive deep into the world of…

Event

Balkans Crypto 2025: A New Frontier for Web3 Emerges in Tirana

May 23, 2025

Tirana, Albania – As blockchain adoption continues its global surge, Southeast Europe is stepping boldly…

1 2 3 … 47 Next
  • Facebook
  • Twitter
  • Instagram
  • YouTube

“ End of Bear Market ” – The analyst says that Altcoins about to shine, updates forecasts on Bitcoin and Ethereum

May 29, 2025

Crypto Bank Sygnum brings the chief of the former CFTC to direct regulatory efforts

May 28, 2025

Why did Suit Price increase by 8% today?

May 28, 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) $ 108,108.97
ethereum
Ethereum (ETH) $ 2,757.47
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.29
bnb
BNB (BNB) $ 687.44
solana
Solana (SOL) $ 173.79
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.226499
cardano
Cardano (ADA) $ 0.759968
tron
TRON (TRX) $ 0.27448