What to know:
- Polygon’s stablecoin market cap hit $3.55B, adding $102M in one week.
- Monthly transfer activity reached 561M transactions and $37.4B in volume.
- POL price shows stabilization near $0.09–$0.10 despite a broader downtrend.
Polygon’s network is seeing a steady rise in stablecoin usage as on-chain payments and financial activity expand. Data shared by Token Relations shows the network’s stablecoin market cap reached an all-time high of $3.55 billion this month, marking a weekly increase of $102 million.
Transaction activity on Polygon has increased significantly. In March, stablecoin transactions exceeded 561 million transactions, with a total volume of $37.4 billion.
The network is being increasingly used for finance and not just cryptocurrency-related transactions. Payment transactions, prediction markets, and foreign exchange are the major contributing factors.
Collectively, these are the primary reasons for the need for stablecoins on the Polygon network. Assets such as USDC, USDT, and DAI facilitate most of the transactions. As presented in the data, short-term trends are mixed. Daily active addresses decreased by 4.44%, totaling 708,500.
Conversely, daily transactions increased by 6.11%, totaling 10.08 million. Total value locked also increased to $1.26 billion; however, decentralized exchanges recorded a decline of 15.14%, totaling $220.29 million.
Also Read: Polygon Hits All-Time Transaction Record While POL Faces Key EMA Resistance
Polygon Sees Strong Growth In Payments and Fintech Activity
The results of Polygon’s push into the payments-focused ecosystem are becoming quite evident. Fintech platforms and neo-banks moved over $886.6 million this month.
The major contributors to this growth are the platforms connecting blockchain payments to conventional banks. Cross-border services, along with institutional settlement, moved over $320 million.
Consumer-facing apps are also expanding this reach. In Latin America, Lemon Cash processed over $114 million by allowing users to hold and spend stablecoins through cards.
Meanwhile, Revolut added $58 million in flows, offering its users direct exposure to stablecoin transfers and trading.
Prediction markets play a big role in this. Polymarket had trading volume of $3.92 billion on Polygon this month. People have been trading in sports, crude oil, international political events, and Bitcoin price movements.
This demonstrates the shift of prediction markets from crypto-based betting to more general financial applications. There is also a rise in foreign exchange. Non-USD stablecoins have a trading volume of $585.6 million.
This is led by the Forte Australian Dollar, which has a trading volume of $369.6 million. This demonstrates users settling trades in local currencies rather than just the dollar.
POL Price Stabilizes As Market Pressure Begins To Ease
As network activities are increasing, the price of Polygon’s native token POL is also reflecting a cautious market for the asset.
According to TradingView, the price of the token has been in a downtrend for a while, registering lower highs and lower lows since the end of 2025. However, the latest price action of the token is indicating a potential shift in the market for the asset.
The price of the token is trading in a range of $0.09 to $0.10, indicating a decrease in selling pressure for the asset. Bollinger Bands are also indicating a decrease in volatility for the asset’s price.
The momentum indicators also support this notion. The RSI is stuck in the mid-40s, indicating weak and stagnant momentum. The MACD is also flattening and is close to the zero line, indicating weakening bearish pressure.
The support levels for the cryptocurrency remain in the $0.089 to $0.091 range. A breakdown of this support could send the price plummeting to the $0.08 levels. Resistance levels in the $0.10 to $0.101 range need to be broken for the cryptocurrency to rise to the $0.11 levels and beyond.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Polygon Powers Bolivia’s First Real-World Automotive Blockchain Campaign
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