Polkadot’s New DeFi Token Surges High by 10x on its First Day

The decentralized finance (DeFi) boom is not over yet as it continues to bring more and more new projects. The network protocol Polkadot has launched a new token known as POLS. The newly-released token succeeded in getting traction in terms of price value as well as in trading volume on its first day. POLS has surged high by 10x on its first day of launch as per the announcement.

POLS token now holds the fourth spot on Uniswap’s volume list

As soon as the POLS token was launched by the Polkadot network, it started gaining traction in the community. Within just one day, the coin’s price soared 10x. The price value of the token surged as high as to reach $0.41. POLS price is continuously climbing up since that. At the time of writing, its price is trading at $0.45.

Not only the Polkadot’s POLS token’s price surged high but also its trading volume on the decentralized exchange Uniswap also skyrocketed. Because of the rapid surge in the trading volume, the POLS token is now available on the fourth spot on the Uniswap exchange. As the announcement from the company reveals:

“With only 15 hours into our life with the $POLS token, we are now at #4 on the Uniswap volume list over the past 24 hours!!! We would have never thought we’d see more volume than top-notch #DeFi projects like $YFI $DAI $UNI even on our first trading day. What a (Polka)start!”

POLS powers Polkastarter a cross-chain decentralized exchange. It is currently available on the Uniswap exchange in the form ETH pair at the moment. Just a few hours after its launch on Uniswap, the cryptocurrency exchange Poloniex had announced the listing of the POLS token on its platform. However, it has not been yet listed on major cryptocurrency exchanges such as Binance and Coinbase.

Since the launch of POLS, its price is up 600%. While on the other hand, the price value of Polkadot’s other native token DOT is still trading down 2.34% in 24 hours while hovering at $4.37.