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Polygon (POL) price surges amid spike in network activity
Polygon (POL) has experienced a significant price rally, with reports indicating gains of over 27% to 31% within a 24-hour period. This surge occurred even as Bitcoin saw slight declines, suggesting a rotation of capital into altcoins.
On-chain metrics show a sharp increase in network activity. Weekly transaction counts rose from 407 to 2,606, representing more than sixfold growth. Additionally, active addresses doubled, and DEX volumes increased fivefold to $240 million over a two-week span. The network's stablecoin market cap reached $3.035 billion, with USDC maintaining a 54% dominance.
Long-term accumulation trends also support the rally. Data indicates that Polygon's exchange netflow has remained negative, with approximately 1 billion tokens leaving exchanges for private wallets between September 2023 and May 2026, signaling sustained holder interest.
Entities
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Polygon's weekly transaction count grew more than sixfold, rising from 407 to 2,606. bitcoinethereumnews.com · ambcrypto.com
- [● 2 SOURCES] Polygon's DEX volume increased fivefold to $240 million over a two-week period. bitcoinethereumnews.com · ambcrypto.com
- [● 2 SOURCES] USDC holds a 54% share of the stablecoin market on the Polygon network. bitcoinethereumnews.com · ambcrypto.com
- [○ 1 SOURCE] The price of POL increased by 27.44% within a 24-hour period. captainaltcoin.com
- [○ 1 SOURCE] Polygon's exchange netflow has remained around -1 billion tokens from September 2023 through May 2026. captainaltcoin.com