DOGE ETF

Polygon (Old)

<p>Polygon price continued its bull run, continuing a trend that started on January 1, as its transactions and burn rate soared.</p>
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   <li>Polygon price continued soaring as the bull run accelerated.</li>
   <li>The POL burn rate has continued to soar in the past few months.</li>
   <li>Other network metrics like DEX volume and stablecoin transactions have soared.</li>
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<p>Polygon (POL) has now jumped in each day of this year and is hovering at its highest level since Nov. 11. It has soared by over 80% from its lowest level this year.</p>
<p>The rally is a massive reversal after the token plunged by 66% from its highest level in September to its lowest point in December. This crash happened as the network continued to lose market share to other layer-2 networks like Base, Optimism, and Arbitrum.&nbsp;</p>
<p>Polygon’s surge is happening as its token burn accelerates. Data shows that the network has burned millions of tokens this year alone, much higher than what it incinerated in 2025.&nbsp;</p>
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   <p>Polygon scaling money without breaking the rails<br><br>During peak usage the network generated over 13.6M <a href="https://twitter.com/search?q=%24POL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$POL</a> in fees and burned more than 12.5M <a href="https://twitter.com/search?q=%24POL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$POL</a>, <br>clear signal of high demand <br><br>The Dandeli hardfork stabilized gas costs and unlocked about 30% more peak capacity per block, moving… <a rel="noopener noreferrer nofollow" href="https://t.co/XffJPTch6N">pic.twitter.com/XffJPTch6N</a></p>— Negan (@NeganWeb3) <a href="https://twitter.com/NeganWeb3/status/2010000605809639817?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 10, 2026</a>
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<p>You might also like: <a href="https://crypto.news/will-the-clarity-act-trigger-a-crypto-market-rally/" rel="noopener noreferrer nofollow"> Will the CLARITY Act trigger a crypto market rally? </a></p>
<p>The network’s fees have also soared this month. Data compiled by DeFi Llama shows that the network has made $1.7 million in fees this year alone. Its fees rose to $691,091 in December, $928,335 in November, and $538,231 in October.</p>
<p>Other metrics show that the network is doing well, with the <a href="https://defillama.com/chain/polygon?chainFees=false&amp;tvl=false&amp;groupBy=monthly&amp;dexsVolume=true" target="_blank" rel="noopener noreferrer nofollow">decentralized exchange</a> volume soaring to over $246 million on Sunday, higher than the previous day’s $245 million. Its volume rose to over $2.28 billion this month, meaning that it will cross the $5.89 billion it handled last month.</p>
<p>Polygon has also continued to do well in other areas, especially in the <a href="https://crypto.news/polygon-price-rallies-open-money-stack/" rel="noopener noreferrer nofollow">payment industry</a>, where it has been embraced by other companies like Stripe, Revolut, and <a href="https://crypto.news/polygon-price-eyes-payments-upside-as-shift4-adds-24-7-stablecoin-settlement/" rel="noopener noreferrer nofollow">Shift4 Payments</a>. It has also become a major player in the predictions market, where it is the blockchain network for Polymarket.</p>
<h2 class="wp-block-heading" id="polygon-price-technical-analysis">Polygon price technical analysis&nbsp;</h2>
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  POL price chart | Source: crypto.news
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<p>The daily timeframe chart shows that the POL price has rebounded in the past few weeks, moving from a low of $0.098 on January 1 to a high of $0.18.&nbsp;</p>
<p>It has moved above the 38.2% Fibonacci Retracement level and the bottom of the trading range of the Murrey Math Lines tool. It remains above the 50-day and 100-day Exponential Moving Averages.</p>
<p>The Average Directional Index has remained above 50, a sign that the trend is strengthening. Therefore, the most likely scenario is where it continues rising as bulls target the key resistance level at $0.20, which is slightly above the major S/R pivot point of the Murrey Math Lines tool.&nbsp;</p>
<p>However, a drop below the key support level at $0.1500 will invalidate the bullish outlook.</p>
<p>You might also like: <a href="https://crypto.news/elliot-wave-points-to-a-dogecoin-price-rebound-as-doge-etf-inflows-rise/" rel="noopener noreferrer nofollow"> Elliot Wave points to a Dogecoin price rebound as DOGE ETF inflows rise </a></p>

Polygon price bull run accelerates as POL burn rate soars

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