I recently noticed that Polygon’s stablecoin activity seems to be really heating up. Last week, USDC’s weekly transaction volume directly reached 28 million, setting a new high, and also surpassed the 22 million transactions on the Solana network where Solana’s token operates. It looks like Polygon is indeed more active in stablecoins.

USDC transfer counts broke 103 million, accounting for 46% of the market share, and the data looks pretty good. If you look at all USD stablecoins, Polygon recorded 32.6 million transactions, up 67%. Although it’s still behind the Solana network by 600,000 transactions, the gap is narrowing. What’s especially interesting is that Polygon’s stablecoin transfer volume first exceeded BNB, which suggests that ecosystem activity is truly warming up.

In addition to the transaction data, Polygon has recently joined the Enterprise Ethereum Alliance. It also plans to provide USDC tax refund services for several Italian airports during the 2026 Winter Olympics, which makes its deployment in the payments space feel increasingly practical. Various proposals within the ecosystem are also moving forward, and it looks like the overall development momentum of the Polygon ecosystem is still quite promising.