Polygon cryptocurrency trading volume surges to its highest level since 2021, but the price is declining.
Polygon Crypto is currently doing something rare in the cryptocurrency space: the actual usage of its token is exploding, while the token price has barely moved. Of course, maybe this isn’t anything new. We’re looking at you, Solana.
Polygon Crypto: Polymarket and Stablecoins Are Rising, So Why the Crash?
(Source: TradingView) The rebound in Polygon’s transactions is not driven by speculative DeFi loops or gaming frenzies, but by sustained, highly practical demand, mainly from prediction market activity and stablecoin settlements.
Unlike in 2021, this year has not seen a boom-and-bust pattern. Weekly transaction volume has consistently stayed above 43 million, indicating steady demand rather than short-term speculation.
(Source: X) The most recent protocol upgrade increased Polygon’s throughput by about 30%, bringing its sustainable performance to 1,400 transactions per second. This is crucial. The network can handle higher transaction volumes without congestion or fee spikes, cementing Polygon’s position as a low-cost settlement layer rather than a flashy application hub.
Why POL Prices Remain High—and Might Not Improve in the Short Term
(Source: DeFiLlama) - POL derivatives open interest is close to $35 million, far below the previous cycle’s peak.
- Spot trading volume remains sluggish relative to transaction growth.
- Fees paid in USDC weaken the direct link between usage and POL demand.
From a technical perspective, the chart still looks poor. POL is stuck in a confirmed bearish structure, with prices below both the 20-day and 200-day moving averages. The RSI indicator struggles to hold above 40, with volume increasing during sell-offs and shrinking during rebounds. A complete head-and-shoulders pattern remains the main feature of its macro structure.
The good news is that Polygon clearly has one of the best practical utilities in the crypto space; if it surges in 2026, don’t be surprised. You heard it here first.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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