Polygon’s Madhugiri hardfork boosts TPS to 1,400 as payments cross $1B in November
Polygon Weekly Overview - December 12, 2025
Welcome back to the Polygon Weekly Overview, the best place for the Polygon community to get up to speed on the chain’s latest updates, metrics, releases, insights, ecosystem developments and more. All in one place.
By The Numbers
Polygon daily active addresses: 1.1M (+10%)
Polygon daily txns: 8.1M (+39.66%)
Polygon Total Volume Locked (TVL): $1.18B (-0.62%)
Daily DEX Trading Volume: $195M (-7.14%)
USDT: $347M (-30.74%)
USDC: $557M (-8.69%)
DAI: $167M (-41.53)
NFT weekly sales volume: $3.04M (-32.89%)
Top 3 NFT collections by sales volume:
Courtyard: $2.11M (-40.11%)
Liberty Cats $99.45K
PerkVault Collection: 82K (-22.58%)
The percentages and metrics are based on a 7-day timeframe, unless noted otherwise.
Polygon Spotlight
🟪 What happened: Polygon has activated the Madhugiri hardfork on mainnet, an upgrade that increases throughput by 33%, introduces adjustable blocktimes, and brings Ethereum’s Fusaka security improvements to the network.
🟪 Why it matters: Madhugiri pushes Polygon’s capacity from 1,000 to roughly 1,400 transactions per second while making the network easier to upgrade going forward.
The hardfork makes blocktimes configurable directly within the chain’s architecture. Previously, adjusting block production speed required a full network upgrade. Now, future throughput upgrades can be done without having to work on additional hardforks, reducing disruption for projects and institutions already building on Polygon, like BlackRock, Mastercard, Stripe and more.
At current capacity, Polygon could process all 33.6 billion ACH payments made in 2024 and still have more than 25% headroom for other transactions.
Madhugiri also brings several Ethereum Improvement Proposals from the Fusaka upgrade. EIP-7825 caps transaction gas at 32 million, stopping any one transaction from taking up the bulk of a block’s capacity. This makes block validation steadier, keeps nodes better coordinated, and shrinks the attack surface.
Meanwhile, EIP-7883 and EIP-7823 reprice and cap the MODEXP precompile, closing underpriced edge cases that could be exploited. These changes bring Ethereum-grade security to Polygon’s infrastructure.
On the consensus side, PIP-75 standardizes block production to one second, and allows block producers to fine-tune timing below a second. PIP-74 embeds StateSync transactions directly into block bodies, making cross-chain events verifiable and visible directly on the blockchain. This improves indexer reliability and simplifies client implementations.
🟪 The big picture: The Rio hardfork earlier this year introduced a new block production model, enabling 5,000 TPS and near-instant finality. Madhugiri builds on that foundation by increasing current throughput and removing friction from future upgrades, continuing Polygon’s progress towards its goal of becoming institutional-grade infrastructure for payments and tokenized finance.
The upgrade comes as institutional activity increases on the network. Payment volume on Polygon hit an all-time high of $1 billion in November, and set a single-day record of nearly $100 million on December 8. Payments were driven by cross-border payment apps in LATAM like Avenia Pay and Lemon Cash, as well as the U.K. neobank Revolut.
With adjustable blocktimes, better security, and increases in capacity, Madhugiri also moves Polygon closer to its Gigagas target of 100,000 TPS.
Chart Of The Week
Into The Agglayer
Read DL Research’s report on VaultBridge, the self-funding rewards engine that powers Katana
Check out Agglayer’s public bridge UI, which enables crosschain bridging in apps while requiring minimal coding
Tune into Agglayer’s X Space on The History of DeFi
Trails partnered with Katana to provide 1-click liquidity and yield
Ecosystem Showcase
Unique stablecoin addresses on Polygon hit a record high of 5.2M in the first week of December
Daily payment app volume reached nearly $100M on December 8
Net inflows came in at $106M this week, helping Polygon rank second among all blockchains
GondorFi launched a platform that lets you use Polymarket positions as collateral for DeFi loans
Stripe is adding support for USD-settled stablecoin payments on Ethereum, Polygon and Base
Soccerverse, a Polygon based soccer game, is partnering with FIFPRO to add names and images of 65,000+ licensed players
Join In The Fun
Polygon is hosting a fireside chat with Polygon Labs CEO Marc Boiron at 2 p.m. ET on December 12 about what’s happening in the ecosystem and what’s to come in 2026
Tune into QuickSwap’s X Space on the Fed’s rate cut and what’s ahead for the metals market on December 12, 4 p.m. UTC
Interested in AI Agents? Join Polygon’s x402 hackathon
Want to dive into the Polygon ecosystem full-time?.
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.