polygon processed 493m stablecoin transactions in february. more than solana, base, arbitrum, and ethereum combined. 30% of all onchain stablecoin volume globally. burning 28.2m POL that month, monthly ATH.
market is pricing POL like polymarket IS the chain. strip out polymarket's 55% transaction share and you still have 220m+ monthly transactions from pure payments. stripe, revolut ($111m monthly volume), mastercard all settling on polygon. 3.7m active USDC addresses.
$3.3b stablecoin supply vs base's $5b. but polygon moves 6x more USDC transaction volume than any other chain. velocity matters more than static TVL for a payments rail. the market is valuing liquidity pools when it should be valuing throughput.
polymarket leaving might be the best thing that happens to POL. forces the market to reprice it on what it actually is: the global stablecoin settlement layer running at 2,600 TPS with a roadmap to 100k
market is pricing POL like polymarket IS the chain. strip out polymarket's 55% transaction share and you still have 220m+ monthly transactions from pure payments. stripe, revolut ($111m monthly volume), mastercard all settling on polygon. 3.7m active USDC addresses.
$3.3b stablecoin supply vs base's $5b. but polygon moves 6x more USDC transaction volume than any other chain. velocity matters more than static TVL for a payments rail. the market is valuing liquidity pools when it should be valuing throughput.
polymarket leaving might be the best thing that happens to POL. forces the market to reprice it on what it actually is: the global stablecoin settlement layer running at 2,600 TPS with a roadmap to 100k
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