Polygon’s token, POL, rose 9% in early U.S. trading but faced selling pressure later. Volume surged significantly overnight, reaching 804,401 units. Currently trading at $0.221, it’s up 3% in the past 24 hours, outperforming the CoinDesk 20 Index by 2.4%.

Despite being down more than 90% from its December 2021 all-time high, Polygon is focusing on scaling AggLayer, advancing payments, and real-world assets tools. CEO Sandeep Nailwal aims to strengthen the project’s strategy to compete with other projects after his recent appointment.

Read more at Yahoo Finance: Polygon Holds 3% Advance, Outperforming Broader Market