Polygon Payments Hit $3.57 Billion As DeFi and Real-World Assets Gain Momentum

Polygon continues to strengthen its position as a leading blockchain for payments, according to Messari’s State of Polygon Q4 2025 report released on January 4.

The network’s low fees and fast settlement helped more than 50 payments-focused applications process $3.57 billion in transfer volume during the quarter. This marked a 96.5% increase from Q3 and nearly a fourfold rise compared to the same period last year.

Stablecoin-linked crypto cards also gained traction. Across ten card programs, the network supported $362.6 million in combined Mastercard and Visa volume. Mastercard contributed $96.2 million, while Visa contributed $266.4 million.

Some large firms increased their stablecoin payment solutions on the network. DeCard enables users to pay USDC and USDT to over 150 million merchants. Flutterwave selected Polygon for cross-border business payments in 30 African nations.

Revolut began using the blockchain for cheap stablecoin transactions within its application. Stripe further developed its subscription payment solutions using USDC on the network.

Polygon Ranks Ninth Globally With $1.08B in Tokenized RWAs

Asset tokenization on Polygon continued to increase in Q4, thanks to interest from banks and digital collectible markets. The network ranked ninth globally in total RWA value, closing the quarter with $1.08 billion in tokenized assets.

AlloyX launched its compliant Real Yield Token, which is supported by institutional-grade structures and custody services from Standard Chartered Bank in Hong Kong.

Calastone introduced Polygon to enable the distribution of funds on-chain, connecting to a system that processes more than £250 billion of fund flows every month.

Other developments include rcUSD+, a Treasury-backed token that earns yield, and Brazilian government bond tokens developed using Transfero and partners. The network also facilitated the launch of one of Europe’s first regulated equity tokens via BeToken, which tokenized Beself Brands’ equity under Spanish and EU regulations.

DeFi TVL Reaches $1.16B, Polygon Ranks 11th Globally

Chain GDP of Polygon’s Chain GDP registered a growth of 9.2% QoQ to $24.8 million, driven by QuickSwap ($13.5M), Circle ($4.9M), Uniswap ($3M), and Aave ($2.2M).

The App Revenue Capture Ratio stood at 13.96x, which means that the protocol earned approximately $1,396 for every $100 in fees. DeFi TVL closed Q4 at $1.16 billion, ranking 11th in terms. The supply of stablecoins reached $2.96 billion. USDC reached $1.34 billion, and DAI rose to $629.7 million.

Latin America remained a significant region, with Polygon processing $1.18 billion in non-USD stablecoin transactions, of which $666.3 million was in Brazilian Real-denominated assets. The average daily DEX volume also rose 44% to $200.3 million, led by Uniswap and Polymarket.

Also Read: Polygon (POL) Burns 25.7 Million POL in January, Supply Down 0.24%