Following its listing on the South Korean exchange, the Polygon token's price increased by 25%: RBC crypto

Exchange of cryptocurrencies On the morning of October 15, Upbit announced the start of altcoin trading. After that, the cost surpassed $ 1.6

The value of the Polygon token has increased by 25% and now exceeds $ 1.6 after the altcoin began trading on Upbit, one of the largest South Korean exchanges. On the morning of October 15th, the trading platform announced the listing of Polygon. Upbit has also begun trading in the Solana and NuCypher tokens.

According to CoinGecko, Polygon is trading at $ 1.54 as of 2:00 p.m. Moscow time, with a market cap of $ 10.6 billion. Altcoin's price has risen by 37% in the last two weeks.

In October, the number of transactions on the Polygon network halved after the protocol developers raised transaction fees. Back in early October, about 6 million transactions were made daily in the Polygon network. As of October 15, this figure fell to 3.5 million transactions.

Polygon is an Ethereum-compatible second level sidechain powered by PoS (Proof-of-Stake) algorithm. This network is faster and with lower fees than the main Ethereum network.

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