what's polygon?
Polygon is a blockchain platform designed as a Layer-2 scaling solution for Ethereum, enabling faster and cheaper transactions while maintaining security through proof-of-stake consensus. Its purpose is to create a multi-chain ecosystem compatible with Ethereum, supporting decentralized applications (dApps) in DeFi, NFTs, gaming, and real-world assets (RWAs). The native token, POL (formerly MATIC), facilitates staking, governance, and liquidity across Polygon chains, with recent upgrades enhancing tokenomics for better scalability and interoperability. Key features include native support for stablecoins like USDT0, high TVL in RWAs ranking third among chains, and innovations in payment solutions such as MCP and x402 for global and developing-world applications. Polygon powers millions of daily transactions and integrates with major institutions for staking and asset tokenization.
AggLayer v2 unifies liquidity; sPOL launched; stakers gain from increased priority fees.
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AggLayer v2 went live on mainnet, unifying liquidity across more than 12 chains.
Launched sPOL, the first canonical native liquid staking token for POL, enabling staked holders to utilize positions while earning rewards.
Priority fees on Polygon increased 1000% since PIP-65 implementation
PIP-85 increases the portion of priority fees distributed to stakers and delegators
Polygon's co-founder invested in OpenGradient, a decentralized AI execution layer project, alongside a16z and Coinbase Ventures.
Features as one of five networks in Tether app, enabling transfers of USD₮, USA₮, and XAU₮.
Enables fee-free 1:1 mint and redeem between Polygon USDC and USDH on HL through Native onboarding.
Reached an all-time high monthly transfer volume of $17.9 billion for native USDC on the network in March 2026, representing a ~150% year-over-year increase.
Deployed on Polygon as one of multiple chains (alongside Avalanche and Solana) for Franklin Templeton's BENJI token, which has $996M onchain market cap.
Shubham Bhargava departed from his role at Polygon to join Humanity Protocol as Head of Ecosystem.
Processed between 700 million and 720 million transactions in Q1 2026.
Orbitals launched international stablecoin DEX pools on Polygon.
Hadron and Ignyte launched a $100,000 builder incentive program on Polygon.
P2P stablecoin volume on Polygon reached $7.52 billion in March 2026.
Raised $612M in capital during Q1 2026, more than double the combined total of all other ecosystems in the top 10.
Generated $55,900 in chain revenue over 24 hours ending April 11, 2026.
USDT and USDC deposits and withdrawals are now supported on Polygon through the grvt_io platform.
JPYC market cap on Polygon increased by 132.8% over the past month.
Frax Finance launched six Curve Finance FX pools on Polygon for global currencies (Brazilian real, Korean won, Indonesian rupiah, British pound, Australian dollar, US dollar), making frxUSD the default base pairing, with DFB providing market-making.
Launching Open Money Stack, a composable toolkit for businesses building payment infrastructure, scheduled for end of 2026.
Partnered with Coinme and Sequence in January 2026 to compete in the payments space with firms like Stripe.
Seeks to raise $100M equity funding for stablecoin payments, led by CEO Marc Boiron.
Launched pUSD, an ERC-20 collateral token backed 1:1 by USDC on Polygon on 2026-04-07, upgrading CTF Exchange V2 and replacing its deposit system with a more capital-efficient settlement layer. Plans migration to its own layer.
Reached $1.171B in TVL with a 1.41% increase over 24 hours on April 8, 2026.
Revolut integrated Polygon infrastructure to support sending, receiving, and holding crypto at scale within their fintech app.
Supported as a destination chain for Circle's CCTP crosschain forwarding service, which automates destination-chain execution for crosschain USDC transfers.
Integrated as a supported network for EVM trading in MyAgnt's AI agent platform, enabling token swaps alongside Base and Ethereum.
Processed $81.6M in JPYC stablecoin transaction volume on Polygon, representing over 60% of its $136M total volume.
Reached 156 million addresses and hosts over 7,000 dApps in its ecosystem.
Handles 35% of all global USD stablecoin transfers and 89% of local-currency stablecoin activity in LATAM.
T-REX chose Polygon CDK for building chains for tokenized securities, citing control, compliance tooling, and security options.
Rise Pay brings payroll onchain with Polygon
Mayan has moved over $300M on Polygon to date
Pagga chooses Polygon as its first EVM chain
Blockops brings Africa's financial rails onchain with Polygon
Ranked #4 among EVM chains by monthly active wallets in March 2026, behind Ethereum, opBNB, and Sei.
Processed 168M USD-based stablecoin transfers in 7 days, capturing 35% of global USD-based stablecoin market share.
Integrated with bridgedgg, offering 0% fees for cross-chain transfers among 11 supported chains.
POL token declined approximately 7.0% in Q1 2026, from around $0.10 on January 1, 2026 to $0.093 on March 31, 2026, representing the smallest decline among major L2 tokens tracked.
Euclid Protocol launched on Polygon, enabling unified liquidity across 40+ chains with native asset swaps.
L2 admin key can upgrade smart contracts, allowing any rule change including theft of all user funds.
Received $108M in inflows via Jumper Exchange over a 30-day period ending April 9, 2026.
Experienced a 234% week-over-week increase in whale transactions ($100K or more) for DAI on Polygon network.
Joined x402 foundation under the Linux Foundation as a founding member alongside Google, AWS, Stripe, Mastercard, Visa, integrating Coinbase's CDP facilitator for HTTP 402 to enable ERC-20 payments for AI agents.
Processed 178 million transactions in March 2026.
Launches AI-powered stablecoin vaults on Polygon, enabling non-custodial USDC yield via Morpho with cross-chain routing.
Enabled onchain merchant payments via Stripe, processing over $120M in Q1 2026.
Scaled loyalty and NFT programs in partnership with Nike and Starbucks.
Integrated with DeCard, reaching over 150 million merchants globally.
Activated Giugliano Hardfork on April 8, 2026, at block 85268500, bringing private mempools, native MEV protection, reduced transaction finality by 2 seconds, increased P2P throughput by 4x, and onchain gas fee transparency.
Reached all-time high stablecoin supply of $3.611 billion, nearly doubling while market average grew 46%, ranking 8th among all chains.
Active addresses crossed 6M, the highest level in 3 years.
TokenPocket extended zero-gas transfers to USDC, USDT, and DAI on Polygon.
POL token is now available on Mercuryo payment platform.
MoonPay launches zero-fee stablecoin onramps for agents on Polygon, enabling POL and stablecoin purchases 850% faster.
Processed $730 billion in annual crypto volume and captured 89% of local-currency stablecoin activity in the LATAM region.
Reached approximately 45,000 unique senders for non-USD stablecoins in February 2026, leading among competitors in active users for this category.
Integrates into Walmart-backed OnePay crypto platform to support blockchain-based financial services.
Reached $170 million monthly stablecoin volume by Fintechs in March 2026; holds 22.1% of global USD stablecoin transaction volume.
Reached new record highs: 3.7 million monthly active USDC addresses in March 2026 and peer-to-peer stablecoin senders, up 28%.
Reached $2.3 trillion in lifetime transaction volume as of March 2026; moved $2.4T in stablecoin volume.
Introduced Polygon Agent CLI for wallets, identity, settlement, cross-chain movement, and ERC-7715, enabling dApps and AI agents to request scoped, time-bound permissions from MetaMask.
Reached nearly $160 million in stablecoin transactions on-chain during the measured six-month period.
Monthly transactions surpassed 200M in February 2026, up from 115M in October 2025. Fees burned and active wallets also trend upward over the six months ending March 2026.
Ranked #1 EVM chain for monthly USDC transfers, surpassing 1 billion transfers, Ethereum, and Base.
Received $85,300,000 in stablecoin inflows over the past 7 days (period ending approximately 2026-03-28), driven by payment partnerships and the Lisovo upgrade attracting enterprise demand.
Reached 100,000 checkpoints on Polygon PoS chain.
Integrated with Travala to enable car rental bookings from 1,700+ suppliers at 50,000+ locations worldwide using USDC on Polygon network.
DZ Bank and KfW execute the first full lifecycle crypto security under Germany's eWpG law on Polygon, reducing bond issuance time from 5 days to 1 hour.
Reaches all-time high stablecoin supply of $3.6B, up 78% over past year as of April 2026, holding 22.1% global market share for USD-based stablecoins.
Polygon leads all chains in USDC transaction volume.
Partners Honda Autobol to deploy Takenos wallet for onchain payments in automotive after-sales services in Bolivia.
Has 1000+ monthly active developers committed to building on the network.
Relayed 450 million or more requests on Polygon through Lava Network in the last 30 days (measured as of 2026-03-25).
Scheduled Giugliano hardfork for April 8, 2026, at block 85,268,500, reviving PIP-66 for ~2 second faster finality. Updates include fee parameters in block headers, earlier block announcements, and new RPC support, following the Bhilai rollback and as part of the Gigagas scaling initiative.
Matt Fisher became CEO of Katana, a DeFi platform incubated by Polygon Labs.
Polymarket achieved over 750,000 monthly active users on Polygon, representing over 100% year-over-year growth.
Validators earned 3x more from priority fees than burns on March 23, 2026.
Integrating Conduit's G3 sequencer into Polygon CDK for high-throughput execution.
Integrated with Coca Wallet to enable crypto spending with 50% cashback on subscriptions.
Stablecoin supply increased by $220 million over a one-month period ending around March 23, 2026.
Incubated Katana, a DeFi chain that acquired IDEX and launched a native perpetuals exchange.
Captures 84% of x402 volume.
Received $6.58M in inflows through Jumper Exchange during the week ending March 23, 2026.
Accounted for 77% of gas consumption, 67% of gas fees, and 55% of transactions in March 2026; plans migration from Polygon PoS to its own Ethereum L2, POLY, by December 2025.
Collaborated with StarkWare on Circle STARKs, a technology using STARKs over a small field.
Partnered with Tokeny (Apex Group unit) to launch T-REX Ledger chain for RWA tokenization, built with Polygon CDK and Agglayer, as official ERC-3643 compliance chain. Apex Group commits to onboard $100B RWAs by end of 2026.
USDT sends and receives are now available on Polygon through Coinbase.com and Coinbase iOS & Android apps in supported regions.
Hosts the first U.S.-registered government money fund, managed by Franklin Templeton ($1.7T in assets under management).
Launched Katana TGE, making POL stakers eligible to claim vKAT tokens.
A trader asserts that POL is not a security following SEC guidance released on March 17, 2026, though POL was not explicitly listed in that guidance.
Reached over 260,000 new Safe wallet deployments in the first 17 days of March 2026, representing a 15x increase compared to the monthly average for most of 2024.
Generated $3.5M+ protocol revenue before TGE with non-transferable KAT, and $3.4M over 30 days ending March 25, 2026.
Achieved $500M+ TVL driven by Binance Wallet and OKX Earn integrations.
Expanded payments strategy by acquiring Coinme and Sequence. Launched Trails Skill with Bankr, enabling 1-click crosschain payments, swaps, DeFi deposits, and yield strategy integrations via Sequence with onchain execution, offering free integration to builders.
Integrated with BVNK Finance to track payments on Polygon.
Backed by Polygon Labs and GSR, Katana launched LitVM Layer-2 testnet in Q1 2026 on BitcoinOS and Polygon AggLayer, built with Polygon CDK, using ETH for gas.
Schedules Alchemy's AgentCard product launch on Polygon, integrated for agentic payments and supporting USDC transactions alongside Base and Solana.
Integrated ApeSwap and WooFi v2 as new liquidity sources on the network in February 2026.
Proposes PIP-85 to redistribute priority fees, sending 50% to stakers and rebalancing validator rewards, after Q1 2026 onchain fees rose 4x, priority fees spiked 1000%, and January 2026 network revenue increased 5x.