Polygon has processed 1.97B transactions in 2026.
Could this be a signal that ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6 is coming back?
We’ve recently seen older coins/chains like $AVAX, $ZEC and litecoin:native getting attention again. ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6 is also being mentioned more often lately.
The onchain numbers are still strong:
– ~$2.96B stablecoin supply
– ~$7.8B bridged TVL
– ~$787M DeFi TVL
– ~$285M RWA active AUM
– ~4.9M daily txs
– ~412K daily active addresses
– ~1.97B txs processed in 2026 as of Sep 25
Meanwhile, ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6 is sitting at only around $1.17B MC.
So what could drive ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6 from here?
[1] STABLECOINS + payments
Polygon is expanding deeper into stablecoin settlement and payments, with PYUSD, Revolut EURR and multiple payment rails already using the network.
[2] RWA
Polygon has ~$285M RWA active AUM, while its broader tokenization dashboard tracks $800M+ represented asset value.
Apex Group’s T-REX Ledger is also targeting $100B tokenized assets by June 2027.
[3] Agglayer
Agglayer connects liquidity and users across different chains, potentially adding more utility and staking demand for ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6 as adoption grows.
[4] sPOL
More than 3.6B POL is currently staked. sPOL makes this capital liquid and usable across DeFi while retaining staking-related rewards.
[5] VALUATION
ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6 has a ~$1.17B MC vs ~$2.96B stablecoins on Polygon and billions of yearly txs.
There are also several Polygon ecosystem plays I’m watching:
– $QUICK |
@QuickswapDEX – Polygon-native DEX, ~$141M TVL with a relatively small token MC.
– solana:7JA5eZdCzztSfQbJvS8aVVxMFfd81Rs9VvwnocV1mKHu |
@GEODNET_ – DePIN built on Polygon with 20K+ active devices.
– $DIMO |
@DIMO_Network – vehicle data DePIN with 160K+ connected vehicles/devices.
– $LUMIA |
@BuildOnLumia – RWA-focused chain built with Polygon CDK and connected to Agglayer.
But there’s still one key issue:
More txs ≠ higher ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6 price.
Polygon needs to turn growth in stablecoins, payments, RWA and Agglayer into actual fees, staking demand and value accrual for ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6.
I don’t hold ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6 atm, but I’ve started following Polygon again. The ecosystem has continued to build and the onchain numbers are still solid.
Now I want to see whether that activity can flow back into ethereum:0x455e53cbb86018ac2b8092fdcd39d8444affc3f6 and Polygon-native tokens.
Are you watching Polygon again?