Polygon is living up to its goal of becoming the leading payments/RWA chain. This past quarter, P2P stablecoin transfers hit $15B, up 49% from Q2. Today, I published Messari's report on @0xPolygon's Q3. Here are the highlights 👇
Payments-focused apps facilitated $1.82B in transfer volume across more than 50 platforms, up 49% QoQ.
Stablecoin-linked crypto cards processed $381M in combined Mastercard and Visa volume, across 10 different card programs.
Polygon’s Chain GDP grew 23% QoQ to $22M. The top 4 leaders by application revenue in Q3 were: > @QuickswapDEX - $9.4M (55% QoQ increase) > @circle - $5.5M (6% QoQ increase) > @Uniswap - $4.1M (15% QoQ increase) > @aave - $2.1M (17% QoQ increase)
Polygon's stablecoin supply reached $2.94B, a 22% QoQ increase. $USDT supply increased 35% QoQ to $1.4B.
Polygon’s market cap grew 39% QoQ to $2.4B, outperforming the broader crypto market, which rose by 21%.
Average daily active addresses on Polygon grew to 592K, up 13% QoQ. Average daily transactions increased 20% QoQ to 3.8M.
In July 2025, Polygon implemented the Bhilai Hardfork, the first milestone in its scaling roadmap. The upgrade increased Polygon PoS throughput to 1K+ tx/s, raised the block gas limit from 30M to 45M, and reduced gas fee volatility. x.com/0xPolygon/stat…
Bhilai Hardfork is live today on Polygon! • increasing throughput by 50% capacity, enabling 1000 TPS • smoothing out gas fees, reducing volatility during high demand • integrating Ethereum’s Pectra EIPs, supporting account abstraction via EIP-7702
Later in July, Polygon introduced Heimdall v2, a consensus layer upgrade that reduced transaction finality from 1 to 2 mins to roughly 5 secs. x.com/0xPolygon/stat…
The most complex upgrade in Polygon history is live! Heimdall v2 brings: • finality down to ~5 seconds (from ~1min) • better network stability • modern, future-proof core infrastructure The team worked diligently with node operators to ensure a smooth upgrade, and despite a…
Agglayer CDK Enterprise launched to provide privacy-first, interoperable infra for institutions building permissioned EVM chains. x.com/sandeepnailwal…
Product Launch Announcement 🚢 Introducing CDK Enterprise! When it comes to building a stack, different builders have different needs. Especially when it comes to banks, fintechs, large corporations, or regulated use cases. Most enterprises today run on legacy private…
Read the full report here for free: messari.io/report/state-o…
Impressive Q3 for Polygon. $15B P2P stablecoin transfers (+49% QoQ), $1.82B from payments apps, and Chain GDP up 23% to $22M highlight strong payment traction. $381M card volume and $2.94B stablecoin supply (+22%; USDT +35%) show rising demand, while DeFi TVL at $1.14B with…
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