On Polygon, the weekly USDC trading volume reached 28 million transactions, surpassing Solana to become the most active USDC chain.

USDC0,01%
SOL-5,63%
BNB-2,97%
ETH-4,01%

Odaily Planet Daily reports that data analyst Peter posted on X platform that last week, Polygon network stablecoin data performed significantly. Polygon’s USDC weekly trading volume reached 28 million transactions, setting a new weekly high and surpassing Solana’s 22 million transactions, making it the most active USDC chain in the ecosystem. USDC transfer counts reached 103 million, a weekly record, accounting for 46% of the market share.

Among all USD stablecoins, Polygon recorded 32.6 million transactions, a 67% increase, trailing only Solana’s 600,000 transactions. Polygon processed 120 million USD stablecoin transfers, surpassing BNB for the first time. In payment transfers, the number of transfers in January approached 2 million. Additionally, Polygon’s x402 weekly native transfer volume reached $1.2 million, with a transaction volume of 358,000, ranking first across all chains.

Other developments include Polygon joining the Enterprise Ethereum Alliance; Polygon will provide USDC tax refund services at Milan, Rome, and Venice airports during the 2026 Winter Olympics; Polygon proposed PIP 82, planning to recover up to $1 million in Gas base fees through PIP 65 to support agency commercial activities.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Solana News: SOL Strategies Stock Records 20% Spike as Validator Wallets Reach 33K

March 5, 2026 7:30 pm EST

TheCoinRepublic1h ago

Pacifica's total transaction volume surpasses $131 billion, and over 130 teams have registered for recent hackathon events.

Pacifica Exchange announces that its total trading volume has exceeded $131 billion, with open contracts reaching $69 million, and over 40,000 active users. The hackathon event attracted 130 teams, and the Educator Program has distributed 10,000 points to incentivize knowledge sharing.

GateNews2h ago

Solana on-chain Chinese meme coin "My Sword and Shield" 24-hour increase reaches 240%, market cap surpasses $6 million

In recent years, the Meme coin "My Sword and Shield" in the Solana ecosystem has increased in market capitalization from $1.8 million to $6.6 million, with a 24-hour increase of 240%. Currently, the market cap is $5.6 million, and the coin has been listed for only 6 days. On-chain traders bought in at low prices and are now making a profit of approximately $7,930. Meanwhile, the same-named Meme coin on the BSC chain has also risen by 57%. Investors should be aware of the high volatility and risks associated with Meme coins.

GateNews3h ago

Bloomberg Analyst: Solana ETF has accumulated $1.5 billion in inflows, with approximately 50% coming from institutions managing over $100 million in assets.

Eric Balchunas stated that since the launch of the spot ETF in July, SOL has decreased by 57%, but still attracted $1.5 billion in capital inflows, indicating a serious investor base and an optimistic outlook for the future.

GateNews3h ago
Comment
0/400
No comments