MATIC Outperforms Market, Surging 16% as CoinDesk 20 Index Holds Ground

Polygon’s native token POL outperformed the broader crypto market over the weekend, climbing 16% from Friday through early Monday to briefly trade above $0.29—the highest level since March, according to CoinDesk data. The rally cooled later, with the token slipping back below $0.28.

The surge came as the CoinDesk 20 Index (CD20) remained largely unchanged, with bitcoin (BTC) hovering near $111,000 and ether (ETH) showing only minor gains.

While no single catalyst drove POL’s move, recent developments may have contributed to the momentum. Last week, Polygon was highlighted in a U.S. government initiative exploring the release of economic data, including GDP figures, via blockchain technology. The network also announced an integration with USDT0, a cross-chain Tether-focused stablecoin protocol, which could enhance Polygon’s role as a hub for stablecoin liquidity.

On the technical side, CoinDesk Research models flagged POL’s breakout as a sign of bullish momentum. Analysts noted that buying interest appears to be consolidating in the $0.277–$0.278 support zone, suggesting the token may have a foundation for further upside despite its recent pullback.