POL (EX-MATIC) Soars After Major Exchange Listings

New Listings Boost POL’s Market Presence

The Polygon Ecosystem Token (POL), previously known as MATIC, has experienced a surge in activity following its recent listings on major exchanges. Announcements from Binance and Phemex have contributed to a notable rise in POL’s price.

According to the Crypto Exchange Listing Bot, POL is now available on Binance, one of the world’s largest cryptocurrency exchanges. This listing has attracted significant interest from traders and investors alike.

Additionally, Phemex has introduced POL as a USDT-margined spot trading pair, with trading set to commence on September 13, 2024. This dual exchange listing strategy has expanded POL’s reach, providing greater accessibility to a wider range of traders.

Price Performance and Trading Volume

As of the latest data from CoinGecko, POL is trading at $0.4065. This represents a notable increase of 6.83% in the last 24 hours and a 9.97% rise over the past week.

Trading volume for POL has reached $33,328,968 in the past 24 hours, reflecting strong market interest following the new exchange listings. This increase in both price and volume indicates growing engagement with the token.

Token Conversion and Ecosystem Transition

According to TerraNewsEN, MATIC tokens have been automatically converted to POL. This transition has been completed across various platforms, including BinanceTR.

The rebranding from MATIC to POL marks a significant shift for the Polygon network. This update aligns with the project’s evolving ecosystem and future development plans, reflecting its ongoing growth and strategic direction.