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 active addresses: 516.7K (+7.29%)
Polygon daily txns: 7.22M (+16.64%)
Polygon Total Volume Locked (TVL): $1.12B (-5.31%)
Daily DEX Trading Volume: $339.25M (+12.72%)
USDT: $350.5M (+17.03%)
USDC: $935.9M (-8.25)
DAI: $146.5M (-21.45%)
NFT weekly sales volume: $742.1K (+1.65%)
PerkVault Collection: $81.64K (+44.62%)
Voxies: $73.65K (-14.04%)
ValensPay Pass: $18.57K (+109.59%)
The percentages and metrics are based on a 7-day timeframe, unless noted otherwise.
Polygon Spotlight
🟪 What happened: Polygon saw FX stablecoin activity hit a weekly all-time high of $358.7 million, with over $200 million processed on January 30 alone.
LATAM stablecoins led the spike, with BRZ recording $288 million and BRLA processing $32 million. European stablecoins also hit weekly records, led by EUROP at $11.4 million.
USDC continued setting records, clocking 60.7 million transfers and 2.2 million unique addresses last week.
Polygon also burned 25.7 million POL in transaction fees during January 2026, representing 0.24% of total supply.
🟪 Why it matters: The rise in FX stablecoin activity shows how Polygon's infrastructure is expanding beyond dollar-denominated payments into regional currency corridors. The growing volume highlights how users are turning to non-USD stablecoins for cross-border payments and local commerce.
LATAM stablecoins dominated activity last week, with Brazilian Real-backed BRZ and BRLA together recording $320 million, as payment providers and users increasingly adopt blockchain rails for remittances, business settlements and everyday transactions.
While smaller than LATAM volumes, the uptick in European stablecoin activity shows that euro-denominated stablecoin flows are gaining momentum alongside dollar-based stablecoins.
Meanwhile, USDC's continued traction in transfers and unique addresses shows that dollar stablecoin adoption continues to grow even as FX alternatives emerge.
This parallel growth across both USD and regional stablecoins positions Polygon as infrastructure supporting diverse currency needs.
The 25.7 million POL burned in January fees reflects the network's transaction density. Burning 0.24% of total supply in a single month through fee activity indicates sustained high-volume usage across payments, trading and DeFi protocols.
🟪 The big picture: Polygon's recent acquisitions and broadening of the Open Money Stack aim to reduce friction in multi-currency stablecoin adoption. Infrastructure like Sequence's Trails addresses the complexity of managing cross-chain transactions, a barrier that has historically limited stablecoin use in markets where they're needed most.
The Brazilian Real stablecoins’ surge highlights this opportunity: regions with banking gaps or currency volatility represent the strongest use cases for accessible, multi-currency payment rails.
Chart Of The Week
Polygon saw FX stablecoins record a weekly all-time high of $358.7 million, with a daily all time high of $211M on January 30
Into the Agglayer
Learn how Agglayer makes Morpho Vaults its yield infrastructure for any new chain with Vault Bridge
Sentient launched the ROMA V2 framework, which uses subtasks to create multi-agent AI systems that can be executed in parallel
Katana’s latest DeFi Series episode features Spectra Finance, covering yield tokenization
Espresso Foundation has signed a rollup partnership with Katana for integration plans that would provide the chain with crosschain composability for unified liquidity pools, crosschain lending, and bridgeless payments
Ecosystem Showcase
Read how Polygon is building the Open Money Stack so it’s vertically integrated and open to make stablecoin payments work end to end
Polygon explains how its acquisition of Coinme closes the gaps in existing stablecoin infrastructure with on and off-ramps
Ethereum's ERC-8004 AI agents are live on Polygon, unlocking agentic interactions across L2s
Trails, a universal intents platform for one-click crypto transactions across tokens, chains and wallets, is live on Polygon
Tokenyze processed over $100M in onchain transactions through the Tokenyze Agent Portal on Polygon
The Axion Foundation launched Billon, an onchain lending protocol for tokenized assets supported by AlloyX and Polygon Labs
Join In The Fun
Espresso Foundation’s ESP tokenomics are live. Join the claim portal to see if you are eligible for an airdrop
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.