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.
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By The Numbers
Polygon Total Volume Locked (TVL): $1.11B (-3.27%)
Daily Protocol Revenue on Polygon: $690.13K (+47.85%)
Daily DEX Trading Volume: $286.33M (+4.58%)
Polymarket: $138.01M (+4.05%)
QuickSwap Dex: $50.21M (+0.27%)
Uniswap V4: $40.17M (+0.92%)
The percentages and metrics are based on a 7-day timeframe, unless noted otherwise.
Polygon Spotlight
🟪 What happened: This week, Polygon activated the Lisovo hardfork, a payments-focused infrastructure upgrade that introduces a $1 million gas subsidy for agent-to-agent transactions, including those routed through Coinbase’s x402 payments protocol.
🟪 Why it matters: Machine-to-machine payments need predictable and low-cost settlement to scale. Every agent interaction that requires managing native gas tokens or absorbing variable fees adds friction that slows adoption.
A gas subsidy removes that barrier for agent-to-agent commerce, meaning developers can build programmable payment flows without having to account for gas economics.
The upgrade also enables validators to adjust fees within defined safety bounds without requiring future hardforks, aligning the network with Ethereum's latest security standards.
For example, payment operators pricing stablecoin transfers or modeling treasury operations need stable fee behavior. Previously, tuning how fees responded to sustained demand required a coordinated hardfork. The Lisovo upgrade lets validators adjust fee responsiveness gradually within strict boundaries. This means enterprises building on the network can face lower operational risk as usage scales.
🟪The big picture: The x402 protocol has processed 3.7 million transactions and $73.6K in cumulative volume on Polygon. These numbers are small relative to stablecoin volumes flowing daily through DeFi protocols, neobanks, and payment providers, but the transaction count indicates active developer adoption of machine-to-machine payment infrastructure. At early stages, sustained usage in a new payment category signals more than raw volume does.
Lisovo positions Polygon to absorb that growth. The gas subsidy lowers the cost barrier for agent payments, controlled fee adjustments give payment operators more predictable settlement economics, and Ethereum-aligned security updates strengthen validation and wallet compatibility.
Chart Of The Week
Daily USDC transfers on Polygon hit an all time high of 20.12M on March 3
Into the Agglayer
Agglayer’s Vault Bridge has surpassed $230 million in deposited assets. The primitive uses Morpho vaults to generate yield from bridged collateral on Ethereum
Espresso Network transitioned to proof-of-stake at block 11,040,000, replacing its permissioned validator set with a permissionless, decentralized consensus model
Katana's Earn integrations with Binance Wallet and OKX drove more than $250 million in DeFi TVL into Morpho stablecoin vaults within 24 hours of launch. Katana's total DeFi TVL has now crossed $500 million
Sentient hosted an X Space on decentralized AGI and the case for open source over closed source AI, featuring Billions and REP
Ecosystem Showcase
Read how DeCard lets users spend stablecoins like USDC and USDT at over 150 million merchants globally
Paxos' stablecoin payments platform has processed over $1.3 billion in volume on Polygon
JPYC, Japan's first yen-backed stablecoin, is scaling payment flows on Polygon such as card top-ups, wallet transfers and in-store purchases
Polygon has a technical breakdown of the Open Money Stack, detailing how wallet infrastructure, regulated fiat access via Coinme, cross-chain orchestration through Trails, and settlement on Polygon Chain connect into a single API for stablecoin payment flows
Join In The Fun
Going to Japan Fintech Week? Join Polygon to learn more about the Open Money Stack and its modular infrastructure for global onchain finance
Until next week!
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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.