Native tokens for Ethereum scaling network Polygon (POL) led profits throughout the weekend with the extensive Crypto benchmark Coindesk 20 index.
Pol surged 16% from Friday to the beginning of Monday, surpassing $0.29 for the first time since early March, Coindesk data shows. Recently, it cut some of its advance payments below $0.28.
Movement happened as CD20 remains largely changed in Bitcoin BTC$111,846.73 And the ethereum eth posts only modest benefits.
Coindesk 20 Performance August 29th – September 1st (Coindesk Index)
There was no clear catalyst behind the Pol surge, but it is possible that some positive developments have enhanced the performance of the tokens.
Polygon was one of the chains mentioned last week in the US government's initiative to release key economic data such as GDP on blockchain rails.
The network announced last week its integration with USDT0, a tether-focused stubcoin protocol.
Technically, Pol's breakouts show strong bullish momentum, Koindsk's research model showed. Despite consolidation from recent peaks, purchasing pressures in the $0.277-$0.278 range could signal ongoing support for further profits, the model said.
Read more: US government starts pushing economic data into blockchain as a “proof of concept”
