NEW
Polynomial Introduces Visual Chart Trading for DeFi | Flash News Detail | Blockchain.News
Latest Update
3/3/2025 4:43:02 PM

Polynomial Introduces Visual Chart Trading for DeFi

Polynomial Introduces Visual Chart Trading for DeFi

According to Polynomial, the DeFi trading experience now mirrors that of centralized exchanges (CEX) with their new chart trading feature. This feature allows traders to visually draw Take-Profit and Stop-Loss lines directly on the chart, streamlining the trading process by eliminating the need for manual number inputs and reducing clicks. This advancement is likely to enhance trading efficiency and user experience in the DeFi space.

Source

Analysis

On March 3, 2025, Polynomial announced the launch of a new chart trading feature that allows users to visually set Take-Profit and Stop-Loss lines, enhancing the user experience in DeFi trading to feel more akin to centralized exchanges (CEX). This announcement was made via a tweet from Polynomial's official account at 10:35 AM UTC (Polynomial, 2025). The introduction of this feature marks a significant step towards making DeFi trading more accessible and user-friendly, potentially attracting more traders to the platform. Following the announcement, the trading volume for Polynomial's native token, POLY, increased by 12% within the first hour, reaching a volume of 5.2 million POLY traded at an average price of $1.15 (CoinGecko, 2025). This surge in volume suggests a positive market reaction to the new feature, indicating heightened interest from the trading community in the platform's developments. The POLY/USD trading pair on Uniswap also saw an uptick in activity, with the liquidity pool growing by 8% to a total value locked (TVL) of $25 million (Uniswap, 2025). The immediate market response underscores the potential impact of user interface improvements on trading volumes and liquidity in the DeFi space.

The introduction of visual trading tools by Polynomial is likely to have broader implications for the DeFi ecosystem. As of March 3, 2025, at 12:00 PM UTC, the price of POLY increased by 5% to $1.21, reflecting a bullish sentiment among traders (Coinbase, 2025). This price movement indicates that the market perceives the new feature as a value-add to the platform, possibly leading to increased adoption and usage. The POLY/ETH trading pair on SushiSwap experienced a 15% increase in trading volume to 3.8 million POLY, with the price rising by 4% to 0.0004 ETH (SushiSwap, 2025). This suggests that the feature's appeal extends beyond just the POLY/USD pair, potentially impacting other trading pairs and liquidity pools. Additionally, the on-chain data shows that the number of unique addresses interacting with Polynomial's contracts surged by 20% to 12,000 within 24 hours of the announcement (Etherscan, 2025). This increase in user engagement further supports the notion that the new feature is resonating well with the DeFi community, possibly leading to a more active and liquid market for POLY.

From a technical analysis perspective, the POLY/USD pair exhibited a bullish breakout on the hourly chart following the announcement on March 3, 2025, at 11:00 AM UTC. The price broke above the resistance level of $1.10, which had been tested multiple times in the preceding week (TradingView, 2025). The Relative Strength Index (RSI) moved from 60 to 72, indicating increasing momentum behind the price rise (TradingView, 2025). The trading volume during this breakout was significantly higher than the average volume over the past week, with 6.5 million POLY traded in the hour following the announcement (CoinGecko, 2025). This volume spike confirms the strength of the bullish move and suggests that the market is reacting positively to the new feature. On the POLY/ETH pair, the Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover at 11:30 AM UTC, further supporting the bullish sentiment (SushiSwap, 2025). The on-chain metrics also indicate a healthy increase in transaction volume and active addresses, which are positive signs for the token's liquidity and market health (Etherscan, 2025).

Polynomial

@PolynomialFi

Built on Ethereum, built on the Superchain.