Polygon processed 493 million stablecoin transactions in February, capturing 30% of the global on-chain stablecoin transaction volume. This achievement surpasses the combined totals of Solana, Base, Arbitrum, and Ethereum. During the same period, Polygon set a new record by burning 28.2 million POL.
Major institutions like Stripe, Revolut, and Mastercard utilize Polygon for clearing and settlement, contributing to its robust performance. The network boasts 3.7 million active USDC addresses, with USDC transaction volume six times higher than other public chains. Polygon processes transactions at 2,600 TPS, with ambitions to reach 100,000 TPS.
Polygon Dominates February Stablecoin Transactions with 493 Million Processed
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