Polygon Surpasses $2.4T Stablecoin Volume with Record $80B May Trade

Polygon has processed a staggering $80 billion in stablecoin volume in May, making it the leader among all blockchains in transactions. The network's cumulative stablecoin transfer volume has surpassed $2.4 trillion.

The bulk of this activity centers on USDC and USDT, the two dominant dollar-pegged stablecoins. This is not a surprise given the growing adoption of these stablecoins for decentralized finance (DeFi) applications.

Polygon's average transaction fee is around $0.002, which is significantly lower than traditional banking fees and even Ethereum mainnet gas fees during busy periods. The network has a throughput capacity of 110 transactions per second and settles transactions in approximately two seconds with 99.99% uptime.