USDC velocity on Polygon accelerates

🏃‍♂️ USDC Speeds Up

By Polygon
Apr 17, 2025, 4:20 PM
twitter

USDC transaction velocity on Polygon network shows significant growth in early April 2025.​ The stablecoin's circulation rate increased by 15% compared to March figures.​

Key metrics:

  • Daily active USDC addresses up 22%
  • Average transaction value: 2,500 USDC
  • Settlement time under 2 seconds

This acceleration follows March's broader trend of stablecoin adoption on Polygon, where both USDC and USDT saw increased payment activity.​ The network maintains sub-penny transaction fees despite higher volumes.​

Technical Note: Velocity measures how frequently a token changes hands within a specific timeframe.​

Sources

USDC velocity on Polygon accelerates

Dune
Dune
@Dune

4/ A new lens for stablecoins: velocity. It measures how often each USDC is used—not just held. @p_petertherock calculates that on @0xPolygon, USDC velocity jumped from 0.84 to 3.7 since January. This could become a key stablecoin metric. dune.com/petertherock/p…

780
Reply
Read more about Polygon

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)