Polygon has pulled ahead of Ethereum in daily transaction fees, and that doesn’t happen very often. If this pace continues, February could turn out to be a surprisingly strong month for Polygon!
Activity is picking up!
Polygon has pulled off a big win, overtaking Ethereum [ETH] in daily transaction fees! Recent data showed Polygon’s [POL] fees crossing $300K, a jump that proves rising network usage.
This pace wasn’t limited to fees either.
Source: X
Daily transactions on Polygon have climbed over the past week, rising about 50% in just seven days.
Payments play a big role
Data per Dune showed that monthly payment transfers on the network were close to 2 million in January, nearly doubling from under 1 million just two months earlier.
Source: X
A major cause seems to be the rise of payment-focused AI agents, which boosted smaller “micro” transactions. At the same time, more crypto card products and payment apps helped increase activity in the small and medium transfer categories.
At the current pace, February could see transfers reach around 2.3 million.
POL price holds gains
All this growth is showing up in the price charts too!
Over the past week, the token climbed roughly 15%, pushing from the $0.09 range to briefly test above $0.11. This was before it settled near $0.107 at press time.
Source: TradingView
POL moved within a steady upward range, which means buyers were still in control.
However, the rally may be slowing. The RSI was in a healthy zone, while the MACD showed lesser bullish strength after the recent push higher.
The trend is still positive, but the market may be taking a moment after a quick run-up. If network growth continues at the current pace, price stability above this range could cause further upside.
Final Summary
- Polygon flipping Ethereum in daily fees above $300K is big news for the former.
- If transactions keep rising, POL price momentum could see stronger upside!
