Polymarket & USDC Activity Push Polygon to New Highs

[lingriiddd]

Rising demand on Polymarket is not only lifting fees on Polygon but also driving record stablecoin usage. Over $15 million in wagers were reportedly placed on a single Oscars category market, with Polygon emphasizing that it serves as the infrastructure layer powering the activity.

The network is also seeing increased use of USDC, issued by Circle. A Polygon data analyst recently highlighted a new weekly high of 28 million USDC transactions, underscoring growing settlement demand. Polymarket itself relies on Polygon-based USDC for trading, tying the stablecoin’s usage directly to the platform’s popularity.

With prediction markets expanding rapidly and onchain activity climbing, Polygon’s recent fee dominance over Ethereum signals a broader shift in where user-driven blockchain activity is concentrating.

[mendez]

$15m wager on a single oscars category? peak 2026 blockchain chaos