Polygon Dominates Crypto Micropayments with Over 50% Market Share
- Polygon hit a record of over $100 million in micropayment volume
- Small payments volume increased by 37%
- The platform now commands over 50% of micropayment market share
Sandeep Nailwal, Polygon’s CEO, shared some stats about the company’s growing role as institutional-grade payment rails. The most notable one is that the micropayments, ranging from $0.50 to $100, reached an all-time high in June, surpassing $100 million in monthly volume.
On the other hand, small payments (from $100 to $1,000) volume surged 37%, giving Polygon a 42% share in that slice of on-chain payments.
Overall, Polygon now commands over 50% of micropayment market share, ahead of Ethereum, Solana, Base, Arbitrum, Optimism, Avalanche, and Gnosis combined.
The Data: A Clear Leader in On-Chain Payments
From the looks of provided data, it seems that Polygon is evolving from a pure Layer 2 to a payments-focused ecosystem geared towards real-world usage.
Nailwal’s recent decision to become ‘founder-led CEO’ and embrace a more centralized management approach signals a fresh strategy push.
Shortly following his appointment, it was announced that the team is phasing out i…
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Polygon Dominates Crypto Micropayments with Over 50% Market Share
- Polygon hit a record of over $100 million in micropayment volume
- Small payments volume increased by 37%
- The platform now commands over 50% of micropayment market share
Sandeep Nailwal, Polygon’s CEO, shared some stats about the company’s growing role as institutional-grade payment rails. The most notable one is that the micropayments, ranging from $0.50 to $100, reached an all-time high in June, surpassing $100 million in monthly volume.
On the other hand, small payments (from $100 to $1,000) volume surged 37%, giving Polygon a 42% share in that slice of on-chain payments.
Overall, Polygon now commands over 50% of micropayment market share, ahead of Ethereum, Solana, Base, Arbitrum, Optimism, Avalanche, and Gnosis combined.
The Data: A Clear Leader in On-Chain Payments
From the looks of provided data, it seems that Polygon is evolving from a pure Layer 2 to a payments-focused ecosystem geared towards real-world usage.
Nailwal’s recent decision to become ‘founder-led CEO’ and embrace a more centralized management approach signals a fresh strategy push.
Shortly following his appointment, it was announced that the team is phasing out i…
The post Polygon Dominates Crypto Micropayments with Over 50% Market Share appeared first on Coin Edition.
Read More