Polygon payments hit $918M in October, driven by LATAM growth
Polygon Weekly Overview - November 7, 2025
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By The Numbers
Polygon daily active addresses: 1.08M (+87.1%)
Polygon daily txns: 4.9M (+6.52%)
Polygon Total Volume Locked (TVL): $1.20B (-7.97%)
Daily DEX Trading Volume: $161M (-50.84%)
USDT: $384M (+22.68%)
USDC: $464M (-22.54%)
DAI: $136M (1.50%)
NFT weekly sales volume: $3.51M (+2.45%)
Top 3 NFT collections by sales volume:
Courtyard: $2.88M (+48.14%)
Momo: $701K (+126.12%)
PerkVault Collection: $78.74K (+103.8%)
The percentages and metrics are based on a 7-day timeframe, unless noted otherwise.
Polygon Spotlight
🟪 What happened: Payment app volume on Polygon hit a record $918.6 million in in October as monthly stablecoin transfers also reached an all-time high of 111.4 million. USDC led transfer volume at $13.23 billion, followed by USDT at $9.85 billion and DAI at $4.20 billion.
🟪 Why it matters: These metrics show how Polygon continues to gain adoption across both trading and payment applications. The record $918.6 million in payment app volume depicts the network’s real-world utility in emerging markets, particularly LATAM.
Avenia, a Brazilian payment provider enabling cross-border transactions and treasury management between Latin America and global markets, accounted for $249.6 million of the total, while Nexo processed $238 million, and Paxos recorded $195.8 million.
The network also reached a new daily record of 4.9 million stablecoin transfers on November 4. USDC remained the most used, notching 2.9 million transfers, followed by DAI (1.5 million) and USDT (459,194). This diversity across dollar-denominated stablecoins shows users are leveraging multiple assets for different payment and trading use cases.
A breakdown of transfer sizes further confirms retail participation rather than whale-dominated activity. October saw 95.2 million micro-transactions of under $100 each, accounting for 85% of all transfers. Small-to-mid payments ($100–$1,000) totaled 13.3 million, while mid-range ($1,000–$10,000) reached 2.6 million. This distribution highlights how Polygon supports frequent, low-cost payments globally, especially in areas where traditional finance struggles due to high fees and slow settlement times.
The network also reached an all-time high of 680,455 unique stablecoin addresses, driven by trading and payment applications. Leading providers like Avenia, Paxos and Nexo continue scaling on Polygon, drawn by its faster settlement speeds and lower fees compared to legacy banking rails.
Total stablecoin volume of $27.28 billion across USDC, USDT and DAI shows how Polygon is one of the leading settlement layers for digital payments. This growth signals rising confidence in the network’s reliability, speed, and scalability for processing real-world financial transactions.
🟪The big picture: Polygon’s October growth confirms that stablecoins are reaching mainstream adoption for everyday payments. Micro-transactions now dominate activity, showing that users increasingly rely on stablecoins for low-cost financial transactions rather than investment.
With 95 million micro-transactions, Polygon is now a broad payments network, reaching regions where economic uncertainty, limited banking access, and currency devaluation drive demand for dollar-backed stablecoins.
With established providers like Paxos and emerging platforms like Avenia scaling on Polygon, the network has become a core layer for fintech payment solutions.
Chart Of The 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.