Polygon Surges Amid Network Growth and Record Stablecoin Supplies
Polygon’s (POL) price has soared thanks to significant improvements in its network’s health.Recent data highlights a surge in various metrics, suggesting robust growth.
- NFT sales on Polygon spiked 14% over the past week, reaching $18.9 million.
- The number of buyers grew 64% to 65,626, largely propelled by the Courtyard collection, which saw a 17% increase in sales to $17 million.
This trend contrasts sharply with declines in NFT sales on Ethereum, Bitcoin, and BNB Chain. Meanwhile, Polygon’s active user count rose by 10%, hitting 2.4 million—a stark contrast to losses seen on other chains like Solana and Base.
Polygon’s success extends beyond NFTs. The stablecoin supply within its ecosystem has reached an all-time high of $1.32 billion. This milestone aligns with the recent passage of the GENIUS Act and boosts Polygon’s position as a leader in the stablecoin market, supplying over half of all non-USD stablecoins.
The U.S.government’s move to store data on Polygon further underscores the platform’s growing utility. As POL prices climb above crucial resistance levels, analysts predict it could reach $0.3850, marking a potential 46% increase from current levels.
This surge reflects positive momentum in the Polygon ecosystem, signaling strength amid broader market challenges.
