Share this article
Polygon Leads Crypto Gains With 16% Weekend Surge as CoinDesk 20 Index Holds Steady
Technical models flag bullish momentum, with support emerging around $0.277–$0.278.
Sep 1, 2025, 3:52 p.m.
What to know:
- Polygon's native token, POL, surged 16% over the weekend, reaching $0.29 for the first time since March.
- The surge occurred despite the broader crypto market remaining steady, with bitcoin and ether showing only modest gains.
- Positive developments, such as the U.S. government's blockchain initiative and a new integration with a Tether-focused protocol, may have supported POL's performance.
The native token of Polygon (POL), an Ethereum scaling network, led gains through the weekend in the broad-market crypto benchmark CoinDesk 20 Index (CD20).
POL surged 16% from Friday through early Monday, topping $0.29 for the first time since early March, CoinDesk data shows. Recently, it pared back some of the advance slipping below $0.28.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The move happened as the CD20 remained little changed with bitcoin and Ethereum's ether posting only modest gains.
While there wasn't any clear catalyst behind POL's surge, some positive developments may have bolstered the token's performance.
Polygon was one of the chains mentioned last week in the U.S. government's initiative to release key economic data such as GDP on blockchain rails.
The network also announced an integration last week with USDT0, a Tether-focused cross-chain stablecoin protocol, that could help boost the network's position as a key liquidity hub for stablecoin flows.
On the technical front, POL's breakout signals strong bullish momentum, CoinDesk's Research model showed. Despite the consolidation from its recent peak, buying pressure in the $0.277-$0.278 range could signals continued support for further gains, the model said.
Read more: U.S. Government Starts Pushing Economic Data Onto Blockchains as 'Proof of Concept'
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Sizin için daha fazlası
Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Sizin için daha fazlası
Fed’s Hammack tilts hawkish on rates, questions CPI drop as distorted
"My base case is that we can stay here for some period of time," Cleveland Fed President Beth Hammack told the WSJ.
Bilinmesi gerekenler:
- Cleveland Fed President Beth Hammack, who will be a voter on the central bank's policy-making FOMC in 2026, says interest rates need to remain on hold for several months.
- She threw shade on last week's surprisingly soft CPI report, noting data-collection distortions created by the government shutdown.
- Other things being equal, bitcoin would typically benefit from easier Fed monetary policy, but that hasn't at all been the case in 2025.
Top Stories
