Polygon’s POL Rises 6% as TVL Hits Year-to-Date Peak
Polygon’s native token POL surged intraday by 6%, reaching a high of $0.27 before settling above $0.25. The price is now up 3% in 24 hours and nearly 12% on the week, driven by renewed DeFi activity on Polygon. The network’s total value locked (TVL) jumped 43% year-to-date, climbing from $788 million in April to $1.23 billion in August.
Stablecoin use on Polygon also hit new highs: stablecoin payments topped a record $2.56 billion in July, USDC active addresses rose to 3.16 million, and USDT supply reached $1.29 billion. Integration of Agora’s AUSD stablecoin by Miomi Game further bolstered ecosystem growth.
Looking at the charts, buyers will watch supply walls at $0.26 and $0.30, while bears may test support near $0.20. Overall, POL’s price uptick and TVL surge signal bullish momentum fueled by deeper DeFi adoption and strategic integrations.
Bullish
The combined price gain and 43% year-to-date TVL increase underscore stronger DeFi adoption and ecosystem confidence on Polygon. Historically, TVL spikes on Layer-2 networks like Polygon and Arbitrum have preceded extended bullish runs as capital inflows amplify liquidity and usage. Stablecoin integrations and record payment volumes further signal deepening network utility. In the short term, POL’s momentum should persist as buyers challenge supply walls at $0.26 and $0.30. Over the longer term, sustained gains will depend on continued DeFi growth, cross-chain partnerships, and new product launches bolstering user activity.