Stablecoin Market Growth on Polygon Network
Stablecoin Market Growth on Polygon Network
📊 L2 Numbers Don't Lie
Polygon network maintains steady metrics with $2B stablecoin market cap and $11.32B monthly volume. Key performance indicators:
- 2M unique active wallets in P2P stablecoin transfers
- $194M in tokenized assets
- Consistent performance compared to previous reporting period
This follows broader Layer-2 ecosystem growth, where Ethereum L2s recently achieved $13.5B in locked stablecoins. The stability in Polygon's metrics suggests sustained adoption of blockchain infrastructure for financial transactions.
Want to dive deeper? Check the full report at Token Relations Dashboard
🪙 $2 billion stablecoin market cap 🪙 $11.32 billion in monthly stablecoin volume 🪙 2 million UAW in P2P stablecoin transfers 🪙 $194 million in tokenized assets 🪙 and more from stability to scalability -- Token Relations for the latest Polygon stats
.@0xPolygon ranks #3 in transactions across EVM compatible chains at 1.15B over the past year Meanwhile, its stablecoin market cap is up 20.7% YTD to $2B What’s fueling this? Peer-to-peer payments, RWA and tokenization, to name a few token-relations.xyz/p/polygon-rank…
GMT Pay Launches on Polygon, Enabling Real-World Purchases with STEPN Earnings
STEPN has officially launched GMT Pay on the Polygon network, allowing users to convert their earned GMT tokens directly into real-world purchases. This release follows the January 2023 waitlist announcement and marks a significant milestone in connecting move-to-earn rewards with practical utility. Key Features: - Direct conversion of GMT tokens to purchases - Built on Polygon network for efficiency - Integration with STEPN and STEPN GO platforms Users can now seamlessly transition from earning tokens through physical activity to using them for everyday transactions.
Polygon and Cypher Card Enable Seamless Crypto Payments
Cypher's card is advancing crypto adoption through seamless payment integration on Polygon's network. This builds on Polygon's existing partnership with Stripe, which enables USDC payments at over 3M locations with a competitive 1.5% fee (vs 2.9% for traditional cards). The stablecoin market reached $230B in February, partly driven by Stripe-Polygon integration. The platform allows businesses to receive fiat while customers pay in crypto, bridging traditional and digital finance. - Lower transaction fees than traditional systems - Real-world utility for crypto payments - Growing regulatory acceptance - Widespread merchant adoption
Polygon Community Treasury Announces Final Call for Season 2 Grant Applications
The Polygon Community Treasury is distributing 35M POL tokens in Season 2 grants, part of a larger 1B POL allocation over 10 years. Key tracks: - Direct Grants Track: 20M POL for all builders - Grant Allocator Track: 15M POL managed by ecosystem teams Important deadlines: - Direct Track closes April 15 - Various allocator deadlines from April-June - Some tracks ongoing through @gitcoin, @QuickswapDEX, @iotex_io Focus areas include AI, DePIN, and memecoins. Builders can apply at [polygon.technology/grants](http://polygon.technology/grants)
Polygon Support Added to CoinTracker for Tax Season
CoinTracker has expanded its cryptocurrency tax reporting capabilities by adding support for Polygon network transactions. This integration arrives strategically before the US tax filing deadline. - Users can now track and report transactions on Polygon - Simplifies tax compliance for MATIC holders - Follows recent addition of THORChain support The platform continues to expand its multi-chain tracking capabilities, making crypto tax reporting more comprehensive for users across different networks.
Hyperlane Announces HYPER Token Airdrop for Polygon Users
Hyperlane has announced its HYPER token airdrop with significant allocations for Polygon ecosystem users: - Polygon mainnet users eligible for ~1.8M HYPER - Polygon zkEVM users eligible for ~707K HYPER - Zeroway users qualified for over 1M HYPER Pre-registration deadline is set for April 13th. The airdrop represents a milestone in Hyperlane's expansion strategy across multiple blockchain networks. [Check eligibility and pre-claim here](link)