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 daily txns: 9.14M (+25.38%)
Polygon Total Volume Locked (TVL): $1.12B (+0.78%)
Daily DEX Trading Volume: $215.22M (-5.51%)
Polymarket: 116.6M (-1.57%)
QuickSwap DEX: $37.28M (+7462%)
Uniswap V3: $30.36M (+10.64%)
NFT weekly sales volume: $710.67K (-15.38%)
PerkVault Collection: $99.03K (+12.09%)
Voxies: $73.65K (-14.04%)
ValensPay Pass: $18.39K (-16.35%)
The percentages and metrics are based on a 7-day timeframe, unless noted otherwise.
Polygon Spotlight
🟪 What happened: Polygon recorded 9.38 million transactions on February 17th, marking marking a two-year high for daily activity. Stablecoin market cap on the network grew to $3.25 billion this week, approaching an all-time high of $3.26 billion even as broader crypto markets slowed.
The network also raised its gas limit for the second time this year to 100 million, pushing theoretical throughput to 2,380 tx/s, and hit a new throughput milestone of 22.96 Mgas/s.
Meanwhile, x402, Coinbase's protocol enabling autonomous payments for AI agents and users, processed 2.6 million transactions with $1.3 million in volume on Polygon this month.
🟪 Why it matters: The transaction spike on February 17 reflects sustained demand on the network. Two-year highs in daily activity, paired with stablecoin market cap close record levels, suggest real usage is growing even as speculative activity cools.
By increasing the gas limit to 100 million, the network is aiming to increase its ability to absorb demand without congestion or fee spikes. With theoretical capacity of 2,380 tx/s, Polygon is building toward its longer-term Gigagas target.
x402's early traction of 2.6 million transactions and $1.3 million in volume points to real developer adoption of machine-to-machine payment infrastructure. Volumes are still small relative to overall network activity, but the transaction count signals active usage of the protocol, not just speculative interest. That indicates a new category of usage on the network.
🟪 The big picture: Polygon is expanding network capacity as stablecoin adoption accelerates and demand for protocols like Polymarket and QuickSwap DEX continues to grow.
The combination of record throughput, rising stablecoin market cap, and early protocol traction shows infrastructure investments translating into measurable onchain activity. As protocols like x402 attract developer interest in programmable payments, Polygon's base layer is being tested across a wider range of use cases.
Chart Of The Week
Stablecoin market cap on the network rose to $3.25 billion this week, nearing record highs.
Into the Agglayer
Katana’s native yield is being integrated into major CEX Earn programs, which allows eligible users to earn from their exchange accounts and wallets
Polymarket has launched a prediction market for various cryptocurrencies, in partnership with Chainlink
NVIDIA's recent case study explores how Sentient was used to reduce AI costs by up to 10x via open-source models deployed on NVIDIA Blackwell servers
QuickSwap’s recent X Space explores what’s in store for L2 chains
KAT Rewards are now live on Katana’s Spectra MetaVaults
Ecosystem Showcase
Polygon Labs CEO Marc Boiron dives into his vision of the future of global wealth, the "Open Money Stack," and how blockchains aim to decentralize financial systems and integrate with the rising AI economy
Ledger launched POL staking natively inside Ledger Wallet via Yield.xyz
Polygon joined the Enterprise Ethereum Alliance (EEA), marking a shift toward institutional coordination for global payment rails
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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.