Polygon Payments Ecosystem Hits $1 Billion Monthly Volume, Sets New All-Time High

Polygon has entered a new era. In November 2025, payment projects operating on the network collectively crossed one billion dollars in monthly transfer volume, the highest ever recorded on Polygon PoS.

This milestone captures a growing reality: real world payments have moved firmly onchain, and Polygon is becoming one of the primary settlement layers powering that change. The surge reflects the scale of adoption across fintechs, card issuers, remittance companies, enterprise settlement platforms and global Web3 payment rails that have been building on Polygon for over a year.

The data, compiled through a community maintained Dune Analytics dashboard, shows a clean and steady climb that became sharply vertical in late 2025.

• A Record Built on Months of Acceleration
• What the Data Shows About the Surge
• Network Effects Driving Momentum
• How Polygon Became a Payments Layer
• Implications for the Future

A Record Built on Months of Acceleration

Polygon’s billion dollar month did not arrive suddenly. Throughout 2025, payment activity on the network grew steadily across retail users, fintech integrations & enterprise settlement channels.

Earlier in November, EtherWorld reported Polygon’s largest single day of stablecoin transfers, with 5.54 million transfers in twenty four hours. This record hinted at larger structural momentum.

The Q3 ecosystem report published by EtherWorld also showed a rise across nearly all onchain financial categories. November’s one billion dollar volume confirms that these indicators were building toward a breakout month.

What the Data Shows About the Surge

The Dune dashboard tracking payment activity on Polygon PoS displays a clear growth trajectory. Monthly volume climbed from under two hundred million dollars in late 2023 to more than one billion dollars in November 2025.

Payment projects on Polygon generated $1,000,000,000 in November 2025.

This is a new ATH in terms of volume for @aveniaio, @CoinflowLabs, @moonpay, @zerohashx, @raincards.

The largest number of transfers were made by @Revolut, @moonpay, @raincard, and @NOWPayments_io.… pic.twitter.com/qVETyVAWtr

— Alex (@obchakevich_) November 27, 2025

The monthly breakdown includes:

• Card payments
• Merchant deposits
• B2B transfers
• Consumer transactions
• Off ramp & on ramp activity
• Crypto app payments

Projects hitting their highest monthly volume ever include:

• Avenia
• Coinflow Labs
• MoonPay
• Zero Hash
• Raincards

The largest number of individual transfers came from:

• Revolut
• MoonPay
• Raincard
• NOWPayments

This balance between high value settlement & high frequency usage signals a maturing network capable of supporting both enterprise flows & everyday payments.

Network Effects Driving Momentum

Polygon’s rise as a global payments network is the result of three reinforcing growth loops documented across EtherWorld’s 2024–2025 coverage:
• The worldwide expansion of stablecoins
• The onboarding of large enterprise payment platforms
• Multiregion adoption across India, Africa & Europe

Each factor feeds into the other, creating a compounding effect that accelerates total transfer volume. Stablecoins have become the backbone of onchain payments. Their growth worldwide has been central to Polygon’s success.

Vitalik Buterin recently emphasized stablecoins as a leading real world use case & highlighted Polygon’s role in enabling low cost transfers. Stablecoin transfers form the majority of Polygon’s payment volume, across small scale consumer transactions & large scale enterprise remittances.

Polygon has spent two years cultivating a strong enterprise footprint. EtherWorld previously detailed how the network is strengthening its lead as the preferred Web3 payment infrastructure.

The enterprise trust curve also grew after BlackRock transferred [five hundred million dollars]((https://etherworld.co/2025/10/23/blackrock-buidl-transfers-500-million-to-polygon/) from its BUIDL fund to Polygon. This alignment between fintechs, neobanks, institutions & onchain infrastructure positioned Polygon as a payment rail rather than just a DeFi hub.

Polygon’s payment activity is rising across three major zones:

1. India is becoming a stablecoin powerhouse. EtherWorld covered India’s first sovereign backed stablecoin pilot this month, marking a major global milestone. Government adoption also plays a role. Amravati’s decision to put all government records on Polygon showcases institutional confidence.
2. Flutterwave’s migration of African merchant payments to Polygon brought millions of new users into the ecosystem.
3. Revolut, Raincard & European fintech apps contribute heavily to transaction count, especially in small ticket daily payment flows.

How Polygon Became a Payments Layer

Polygon’s ability to support both massive settlement transfers & frequent retail transactions comes from four pillars:

1. Infrastructure maturity: Low fees, high throughput & reliable uptime have made Polygon suitable for real financial operations.
2. Strong partner ecosystem: Integrations with Revolut, Coinflow Labs, Zero Hash, MoonPay, NOWPayments & payment card issuers created a dense settlement network.
3. Regulatory alignment: India, Africa & parts of Europe now offer clearer guidelines for stablecoin usage & crypto based payments.
4. Network effects: More partners bring more merchants, which attract more users & create more demand for enterprise rails.

The Dune chart visualizes Polygon’s rise clearly: a layered growth pattern escalating month by month. The November bar stands taller than all previous months, crossing one billion dollars in total payment volume.

Implications for the Future

Polygon’s billion dollar month signals a new phase in global onchain finance. For years, blockchain payments were viewed as experimental & niche.

The shift toward stablecoins, expanded fintech integrations & institutional settlement has changed that landscape permanently. Polygon now processes payment flows comparable to mid tier fintech processors. With the AggLayer unifying multiple zk powered chains, the network is positioned to scale even further in 2026.

The question is no longer whether Polygon can sustain this volume. It is how rapidly it will grow from here.

If you find any issues in this blog or notice any missing information, please feel free to reach out at yash@etherworld.co for clarifications or updates.

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