Polygon Price Eyes 90% Jump as Chain Fees and Burn Rate Surge

Source: CryptoNewsNet Original Title: Polygon price eyes a 90% jump as chain fees, burn rate jump Original Link:

Market Overview

Polygon price has pulled back and entered a local correction, falling by approximately 16% from its highest point this month. However, the token has rebounded by 55% from its lowest point this year and has moved to $0.1540, with technical indicators suggesting further upside as its fundamentals improve.

Network Activity Surge

Data compiled by Nansen indicates that Polygon's network activity has increased significantly in the past few weeks:

• Network fees have soared by 235% to $2.64 million, making it one of the fastest-growing networks in the crypto industry. In contrast, Ethereum's fees dropped by 32%, while Avalanche's fell by 42%.
• Active addresses rose by 15% to 14.7 million, while transactions hit 178 million. Ethereum had 14.5 million active addresses and handled 56 million transactions.
• Token burn rate has surged significantly, with millions of POL tokens being removed from circulation each day.

Strategic Positioning in Payments

Polygon has positioned itself as the preferred chain for the payments industry, with several major developments:

• Signed agreements with major players including Mastercard, Shift4 Payments, Revolut, and Stripe
• Recently acquired Coinme and Sequence to enter the US-regulated market, offering fiat on/off-ramp solutions
• These acquisitions form the foundational components of the Polygon Open Money Stack, combining blockchain rails, regulated money movement, and crosschain payments capabilities
• USDC supply on Polygon has shown the largest percentage growth since the end of November 2025

Prediction Markets Leadership

Polygon is the largest chain for the prediction market sector, powering Polymarket, the industry's largest player. Polymarket handled over $2.59 billion in volume in the last 30 days.

Technical Analysis

The daily chart shows that POL price has rebounded from $0.0974 earlier this month but has since retreated to $0.1520 as investors booked profits.

The ongoing pullback indicates that the price has entered the second phase of the Elliott wave pattern, which is typically characterized by a pullback followed by the third wave—usually the longest wave.

Key technical observations:

• The price has remained above the 50-day Exponential Moving Average and the Supertrend indicator
• The most likely scenario is a rebound targeting the key resistance level at $0.2960
• This resistance level represents the highest point in September and is approximately 90% above the current level

Based on both fundamental improvements and technical setup, Polygon appears well-positioned for significant upside potential in the coming period.