Polygon hits yearly highs in FX, payment apps volumes and more after Madhugiri upgrade
Polygon Weekly Overview - December 19, 2025
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By The Numbers
Polygon daily active addresses: 1.8M (+63.64%)
Polygon daily txns: 7.48M (-10.52%)
Daily DEX Trading Volume: $192.4M (+18.77%)
USDT: $270M (-22.19%)
USDC: $507M (-8.98%)
DAI: $105M (-37.13%)
NFT weekly sales volume: $3.94M (+27.59%)
Top 3 NFT collections by sales volume:
Courtyard: $2.86M (+35.68%)
Liberty Cats: 165.04K (+65.94%)
PerkVault Collection: 98.04K (+19.44%)
The percentages and metrics are based on a 7-day timeframe, unless noted otherwise.
Polygon Spotlight
🟪 What happened: Polygon hit a series of yearly highs over the past week: daily transactions reached 8.1 million on December 11, daily active addresses climbed to 1.8 million on December 17, and daily FX stablecoin volume peaked at $102.7 million on December 16.
The network also set an all-time weekly high for payment app volume, led by Avenia at $170.7 million. These records came days after the Madhugiri upgrade went live, though the network experienced a node stall on December 17 that affected RPC availability.
🟪 Why it matters: The 8.1 million transaction record arrived two days after Madhugiri pushed capacity from 1,000 TPS to 1,400 TPS, upgrading the throughput of the network.
FX stablecoin activity on Polygon increased as well, with Brazilian Digital Token (BRZ) accounting for 93% of December 16’s total, processing $95.71 million. Broadly, Polygon has seen activity increase for non-USD and emerging market currencies, particularly in LATAM, where neobanks and cross-border payment apps like Avenia and BlindPay have had good traction.
Meanwhile, Paxos’s stablecoin payments platform clocked $113.3 million, and Revolut saw $81.39 million. These platforms are scaling on Polygon, where settlement costs remain below $0.01, making high volume and micro-transactions economically viable.
Although the network faced a technical issue on December 17, its block producer remained operational, keeping the chain live. The network maintained a 95% success rate and the underlying infrastructure remained stable.
🟪 The big picture: The Madhugiri upgrade has shown measurable results within a week of activation, as adjustable blocktimes and increased capacity enable record activity across payment apps, FX stablecoins and DEXs like Polymarket and QuickSwap.
The node stall brought some issues to light, but there are bound to be some growth pains as Polygon scales towards its Gigagas goal of 100,000 TPS.
Polygon processed 1.24 billion transactions over the past year with $6.31 million in total fees. Compared to other EVM-friendly chains like BNB or Base, it maintained the lowest fee structure during that time frame. As the network grows its infrastructure, use cases for payments and tokenization continue to cement Polygon’s role as a leading settlement layer for global financial applications.
Chart Of The Week
Polygon FX stablecoins volume surged to $102.7 million on Dec 16
Into The Agglayer
Cork is integrating with Agglayer’s Vault Bridge to add liquidity buffers that let depositors exit Katana and other L2s instantly, even when the markets are highly active
Tune into the Agglayer X Space about unlocking prediction markets for the next wave of users
Check out the Agglayer public bridge UI, supported by LiFi Protocol
Read about Spectra yield opportunities on Katana with fixed rate exposure
Ecosystem Showcase
Tune into the end of the year Fireside Chat with Polygon Labs CEO, Marc Boiron to learn what’s happening in the ecosystem and what’s to come in 2026
Polygon Labs announced a strategic investment in BoysClubWorld to help scale the media business
Watch Polygon Foundation CEO, Sandeep Nailwal on the When Shift Happens podcast speaking on Polygon, Agglayer and more
DeblockApp has integrated Polygon for $POL and stablecoin transfers, payments, and ramps.
Join In The Fun
Want to dive into the Polygon ecosystem full-time?.
Interested in AI Agents? Join Polygon’s x402 hackathon
Tune into QuickSwap’s ‘The Aggregated’ X space on December 19 at 11AM EST diving into 2025 predictions highlights
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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.