According to the latest report from Messari, the Ethereum Layer 2 solution’s stablecoin market cap soared to a whopping $1.5 billion, reflecting a significant 19% increase on a quarter-over-quarter basis.This growth in stablecoin adoption on Polygon has been further boosted by several notable developments during the period.
Additionally, the Belgian tech company Settlemint announced plans to develop a stablecoin leveraging Polygon, further underscoring the Layer 2 network’s growing prominence in the stablecoin ecosystem. Additionally, the daily gaming transactions on Polygon experienced a 469% QoQ increase, climbing to 734,000 transactions. This growth in gaming activity was primarily driven by the immense popularity of MATR1X’s MATR1X FIRE game.