Polygon edged out Ethereum in terms of daily transaction fees, and that doesn’t happen very often. If this pace continues, February could prove to be a surprisingly strong month for Polygon!
Activity resumes!
Polygon won a great victory by overtaking Ethereum (ETH) in daily transaction fees! Recent data showed Polygon (POL) fees exceeded $300,000, a jump that proves growing usage of the network.
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This pace wasn’t limited to fees, either.
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Daily transactions on Polygon have increased over the past week, increasing by approximately 50% in just seven days.
Payments play an important role
Data from Dune showed that monthly payment transfers on the network stood at almost 2 million in January, almost double from less than 1 million two months earlier.
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One of the main causes appears to be the rise of payments-focused AI agents, which have boosted small “micro” transactions. At the same time, more crypto card products and payment apps have helped increase activity in the small and medium transfer categories.
At the current rate, February could see transfers reach around 2.3 million.
POL price maintains gains
All this growth is also reflected in the price charts!
Over the past week, the token has rallied around 15%, rising from the $0.09 range to briefly test above $0.11. That was before it settled near $0.107 at press time.
Source: TradingView
POL moved in a consistent ascending range, meaning buyers were still in control.
However, the recovery could slow down. The RSI was in a healthy zone, while the MACD showed less bullish strength after the recent upward surge.
The trend is still positive, but it could take a while for the market to quickly accelerate. If network growth continues at the current pace, price stability above this range could lead to further upside.
Final Summary
- Polygon return Ethereum daily fees above $300,000 are big news for the former.
- If transactions continue to increase, POL price momentum could see stronger upside potential!
