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Polygon Holds 3% Advance, Outperforming Broader Market
POL surged in early U.S. trading amid above-average volume, but selling pressure capped gains.
Aug 5, 2025, 8:31 p.m.
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What to know:
- Polygon’s POL token surged as much as 9% before pulling back, with trading volumes nearly doubling the 24-hour average.
- The token is currently outperforming the broader market, up3% over the past 24 hours while the CoinDesk 20 Index dropped 2.4%.
- Despite its short-term gain, POL remains down over 90% from its all-time high as Polygon pivots toward scaling cross-chain tools and real-world asset applications.
Polygon (POL) rose 9% in early U.S. morning trading hours from $0.206 to $0.225 before selling emerged in the afternoon, CoinDesk Analytics data shows.
STORY CONTINUES BELOW
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The token saw significant volatility overnight as volume surges to 708,489 and 804,401 units, crushing the 24-hour average of 410,606, before heavy selling pressure emerged, establishing critical resistance for near-term action.
POL is currently trading at $0.221, up about 3% over the past 24 hours. It is outperforming the broader market as tracked by the CoinDesk 20 Index, which is down about 2.4% over the same period.
The token is down more than 90% from its all-time high of $2.92 in December 2021 even as other cryptos such as bitcoin and XRP have surged to new highs recently.
Polygon is currently focusing on scaling AggLayer, an application that helps users connect to other blockchains, in addition to advancing payments and real-world assets tools, its CEO and co-founder Sandeep Nailwal, told Bloomberg in an interview recently.
Nailwal was appointed CEO of the foundation in June with the goal to strengthen its strategy in order to compete with other projects.
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.
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