Polygon price soars: POL becomes the best performing cryptocurrency in the top 100

Over the past week, Polygon (POL) has risen to the top of the cryptocurrency market rankings after recording impressive growth, standing out among the top 100. Notably, the price rally of POL is driven not only by investor interest but also reinforced by fundamental factors such as strong network activity, increasing revenue, and a new long-term strategy announced by the project leadership.

Current POL Price Outlook

The current POL price is trading at its highest in several months, with a nearly 40% increase in a short period. This upward momentum has allowed POL to surpass many other major cryptocurrencies during the same period.

Daily trading volume has also surged, reflecting the strong appeal of this token on the market. However, despite the robust recovery, POL’s price remains significantly below its all-time high, down about 88% from the peak recorded during the previous growth cycle. This gap has led investors to split into two camps: one viewing this as an initial recovery phase, and the other remaining cautious, waiting for more signals to confirm a sustainable upward trend.

Currently, POL’s market capitalization is around $1.78 billion, with daily trading volume exceeding $400 million, indicating active and substantial buying and selling activity, not just short-term volatility.

A notable point is that the fully diluted valuation is equivalent to the market cap, meaning the entire supply has already been reflected in the current price. Short-term price movements suggest that buying pressure mainly stems from real demand on the network, rather than social media hype.

The next trend for POL will depend on its ability to retain users, applications, and developers actively operating on-chain. The market is currently reflecting the practical values occurring on the network, rather than future expectations.

Drivers Behind POL’s Price Rally

The recent price increase of POL is closely linked to on-chain data. At the time of writing, POL is trading at $0.1673, up 16.61% in 24 hours. Over the past seven days, POL has led large blockchains in network revenue.

Key milestones of the Polygon network | Source: Wise AdviceThis is especially important because revenue reflects actual usage, not just token transfers between wallets. A significant milestone occurred on January 5th, when over 3 million POL tokens were burned in a single day – the highest ever recorded on the Polygon PoS network.

Token burning reduces circulating supply, and combined with increased network activity, it helps reinforce the price growth. Rising revenue indicates that applications on Polygon are being used regularly, generating real cash flow for the ecosystem.

Transaction fees paid by users are fed into the network, with part of that value being removed from circulation through token burning. This model helps POL maintain stable growth, differentiating it from price surges driven solely by news or short-term trading.

Additionally, the complete transition from MATIC to POL has been finalized, allowing the new token to take on clearer roles in staking, governance, and network fees. This transparency helps users and developers better understand the flow of value within the Polygon ecosystem.

Breakthrough with the Open Money Stack Initiative

Polygon’s recent strength also stems from an important announcement by the leadership: the launch of the Open Money Stack plan. This strategy aims to build a comprehensive on-chain ecosystem supporting applications, financial services, payments, and blockchain infrastructure.

Polygon’s Open Money Stack | Source: Sandeep NailwalCEO of Polygon, Sandeep Nailwal, emphasized that the project’s goal is to enable money to move freely like information on the Internet. To realize this, Polygon is working to reduce fragmentation by developing synchronized tools that operate within a unified system. This strategy marks a shift for Polygon from a short-term trading project to a long-term infrastructure platform.

Controlling multiple parts of the system allows Polygon to improve operational efficiency and support larger actual transaction volumes. As the network is widely adopted for payments and financial tools, revenue is expected to grow significantly.

Increased activity also means more token burning, creating a close link between value and network performance. Although the plan is still in progress, it has provided a clear context for recent growth, demonstrating Polygon’s focus on building sustainable utility rather than chasing short-lived trends.