Polygon (POL) Leads Crypto Gains With 16% Weekend Surge as CoinDesk 20 Index Trades Flat
The native token of Polygon (POL), an Ethereum scaling network, led gains through the weekend in the broad-market crypto benchmark CoinDesk 20 Index .
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.
The move happened as the CD20 remained little changed with bitcoin and Ethereum’s ether (ETH) 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…
