Data shared by Token Relations showed that Polygon recorded its strongest daily activity in two years. The surge was driven by stablecoin transactions, peaking at 9.38 million transactions in a single day.
On the other hand, the market cap of its stablecoins increased to $3.24 billion, indicating a constant stream of funds into dollar-denominated assets on the network. The significance of the growth is that it took place despite the fact that the broader market was slowing down.
Source: X
Although many crypto assets saw less trading activity, the stablecoins continued to see growth. The supply of USDC on Polygon increased to $1.64 billion, USDT to $922.6 million, and DAI to $627.03 million.
The supply of these stablecoins is increasing steadily, indicating that people are moving stable value from one place to another and not looking to invest in volatile assets.
Also Read: Stablecoin Explosion as USDC Leads $33 Trillion Global Transaction Boom
Weekly Records Show Polygon Leading USDC Transfers
Market observer Peter pointed out that Polygon processed 31.9 million USDC transactions in the third week of February, an 82% increase from Solana, with Polygon accounting for 53% of the total USDC transactions per week, outpacing the rest of the chains combined.
Source: X
The US dollar-backed stablecoins on Polygon increased by 13% from last week to 36.8 million, helping Polygon surpass BNB Chain for the first time. Polygon processed a total of 136.4 million USD stablecoin transactions per week, which is double that of the second-largest chain.
USDC on the network increased to $1.65 billion, resulting in a total supply of stablecoins of $3.26 billion. This is the second-highest daily level recorded on the network.
Source: X
The Coca Wallet saw an increase of 36% in activity from last year, driven by card top-ups, swaps, wallet deposits, and in-network purchases. The figures indicate that Polygon is becoming a larger settlement infrastructure for dollar transactions.
Payments Infrastructure Expands Across the Network
But aside from stablecoins, new payment infrastructure is beginning to gain traction. Coinbase’s x402 protocol allows AI agents and users to make payments independently.
It handled 2.6 million transactions on the network this month, with a total volume of $1.3 million. While the amount is still insignificant compared to overall network activity, the number of transactions is a clear indication of active experimentation by developers.
The network further expanded its controlled access within the United States as Coinme integrated more than 15,000 on-ramps within Trust Wallet.
In another major achievement, Polygon outperformed Ethereum in terms of daily transaction fees last week, with transaction fees exceeding $300,000 on February 16, 2026. In other news, Polymarket introduced five-minute markets on the network.
Source: X
Also Read: Polygon (POL) Could Surge to $0.18 Following $BBRL Stablecoin Launch