Polygon Achieves Record Stablecoin Transactions Amid Network Growth

Polygon founder Sandeep Nailwal announced on the X platform that the network recorded 159.9 million stablecoin transactions last week, marking a historic high. According to Odaily, key metrics such as stablecoin transaction volume and active addresses on the Polygon network have also increased, indicating the formation of a 'flywheel effect' in network growth. Additionally, the Polygon PoS network has reached 100,000 checkpoints, demonstrating continued expansion in network usage. Nailwal emphasized that despite the resurgence of the 'crypto is dead' narrative, teams that persist in development often create valuable products during market cycles. He stated that Polygon is accelerating efforts to build the future of on-chain payments.