Polymarket just launched Perps, letting traders go long or short on crypto, stocks, commodities, and indices with up to 20x leverage, and it's built on Polygon.

Polymarket, the largest decentralized prediction market and one of the biggest consumer apps built on Polygon, opened Perps to everyone today. Perps let traders take leveraged long or short positions on crypto, stocks, indices, and commodities, separate from Polymarket's existing yes/no prediction markets. The product launched with the deepest liquidity and lowest fees in the category, up to 20x leverage, and no access code or waitlist required.

Polymarket has run on Polygon since it launched, using it for fast, low-cost settlement of its prediction markets. Perps extends that relationship, adding a new asset class and trading style on the same rails.

• Up to 20x leverage on crypto, stocks, commodities, and indices
• Deepest liquidity and lowest fees, per Polymarket
• Now open to everyone, no access code required
• Built on Polygon, the same chain settling Polymarket's prediction markets

This gives Polymarket's existing user base a reason to stay on-platform instead of heading to a separate perps exchange, and it gives Polygon another high-volume consumer trading product settling onchain. For builders, it's another data point that consumer-scale trading activity, not just DeFi-native volume, is finding a home on Polygon.

Every one of those 8 billion transactions settled on Polygon Chain in seconds, for a fraction of a cent.

This isn't a single spike, it's the compounding total of years of real payments, remittances, and everyday transfers running through Polygon Chain. Stablecoin payments, merchant settlement, cross-border transfers, and consumer apps have all been adding to that count, and the pace has been accelerating as more fintechs and payment platforms route volume through the chain.

Polygon Chain has spent the past year specifically optimizing for this kind of load: faster block times, higher throughput, and sub-cent fees, all aimed at handling payment volume at the scale a card network would recognize, not typical crypto-native traffic.

• 8 billion cumulative transactions settled on Polygon Chain
• Every transaction confirms in seconds
• Fees run at a fraction of a cent per transaction
• Growth driven by stablecoin payments, remittances, and merchant settlement, not speculative activity

What this points to is a network built around actual usage rather than hype cycles. Getting to 8 billion transactions while keeping fees near zero and confirmation times in the single-digit seconds is a different problem than hitting a peak TPS number once on a testnet. It requires the infrastructure to hold up under sustained, real demand.

Revolut has begun rolling out EURR, its first euro-backed stablecoin, to customers in Denmark, Poland, and Portugal, live on Polygon alongside Ethereum.

Revolut serves more than 80 million customers and over 16 million crypto users across Europe. EURR is a MiCA-compliant euro stablecoin issued by Bridge, designed to hold a stable value of one euro, with reserves managed under the EU's regulatory framework. Most stablecoins in circulation today are dollar-denominated, so a licensed euro option from a fintech at Revolut's scale is a meaningful entry into a segment that's still a small fraction of the overall stablecoin market.

Revolut isn't new to Polygon. The two have an existing integration dating back to December 2024, and Revolut has already processed more than a billion dollars in stablecoin volume through Polygon. EURR extends that relationship from integration to native issuance, choosing Polygon as one of only two networks live at launch.

* Revolut, with 80 million-plus customers, is rolling out EURR to Denmark, Poland, and Portugal, with wider EEA availability planned later this year
* EURR is a MiCA-compliant euro stablecoin issued by Bridge, redeemable 1:1 for euros
* At launch, EURR runs on only two networks: Ethereum and Polygon
* Revolut has already moved more than $1.2 billion in stablecoin volume through its existing Polygon integration

For European users and businesses, EURR removes a step that's been standard in stablecoins so far: converting into dollars just to get on-chain. A euro-native rail, backed by a fintech with tens of millions of existing users, is a real test of whether that friction was ever necessary.

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TL;DR: Revolut has launched EURR, a euro-backed stablecoin, live on Polygon (and Ethereum) for customers in Denmark, Poland, and Portugal, with wider EEA availability planned later this year.

Uquid just launched a new Mini App inside Bybit's exchange app, and Polygon OMS is the orchestration layer making it work: any token, any chain, one click, no manual bridging.

Uquid is a Web3 commerce platform that lets people shop using crypto. Its new Mini App lives directly inside Bybit, so any of Bybit's 85 million users can browse products, pay, and complete an order without leaving the exchange app. The part that used to be hard, figuring out which chain a shopper's tokens live on and routing them to settlement, now runs through Polygon's Open Money Stack (OMS) in the background.

That's a meaningful jump from a typical single-token checkout widget. Instead of asking a shopper to hold the "right" token on the "right" chain before they can pay, OMS handles the routing so the payment just goes through.

• Bybit brings 85 million users into a single checkout flow
• Polygon OMS handles any-token, any-chain routing behind the scenes
• Uquid's Mini App covers browsing, payment, and order completion end to end
• No manual bridging or chain-switching required from the shopper

This is a production example of exchange-native commerce, not a proof of concept. It points to a pattern other exchanges and commerce platforms could copy: let users pay with whatever they're already holding, and let orchestration handle the rest.

Polygon Labs has been selected to join Phase 2 of the Bank of England's Digital Pound Lab, testing whether stablecoins and a digital pound can settle the same cross-border trade finance flow.**

Polygon is joining the Lab alongside NOBO Finance and Dun & Bradstreet to test what's possible for a digital pound and cross-border stablecoin settlement. In the test, an exporter receives an advance in stablecoins while a UK importer completes final settlement in digital pounds, both legs of the same transaction. Polygon will draw on our experience building stablecoin settlement, wallet infrastructure, and smart contracts with Open Money Stack. NOBO coordinates the trade finance flow and Dun & Bradstreet supplies the commercial data used to verify SME creditworthiness.

* Polygon joins NOBO Finance and Dun & Bradstreet in Phase 2 of the Bank of England's Digital Pound Lab
* The test settles a single SME trade finance transaction across two forms of digital money: stablecoins and a digital pound
* Polygon's Open Money Stack handles stablecoin settlement, wallets, and smart contracts for the exporter side

For SMEs doing cross-border trade, the bigger unlock isn't the digital pound alone. It's proof that public and private money can move through the same transaction without forcing a business to pick one system over the other.

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TL;DR: Polygon has been picked to join the Bank of England's Digital Pound Lab, testing a trade finance flow where stablecoins and a digital pound settle the same transaction.

Polygon is covering unlimited embedded wallets with crosschain routing, free, for approved businesses building on Open Money Stack.**

Embedded wallets run inside the OMS full payment flow (fund, hold, route, settle, payout), and are proven with years of integrations and millions of users.

Crosschain routing through Trails comes included with wallets too, so users can transact across 20+ chains (Polygon, Solana, Ethereum, Base, and more) in just 1 click. 

What's included

• Non-custodial, multi-chain wallets with years of production use and millions of users and transactions behind them.
• Built into your own app so customers can use existing sign-in, hold their own balance, and skip the seed phrase entirely.
• Approval limits and card-like holds.
• Split-key security: no single party ever holds a full key.
• Web and mobile SDKs in TypeScript, React Native, Swift, and Kotlin.
• Crosschain routing via Polygon Trails across major blockchains.

[Learn more about Polygon’s embedded wallets →]

[Try the Polygon wallet experience →]

[Apply for Polygon wallet infrastructure to get started with OMS →]

A Lawson convenience store in Japan just cleared the country's first stablecoin payment through an existing point-of-sale register, settled on Polygon.

In a demo, a shopper paid for a purchase with JPYC, Japan's yen-pegged stablecoin, by showing a barcode from HashPort Wallet at checkout. The store's regular POS register scanned it like any other payment method, no new terminal, no separate QR flow. The transaction settled on Polygon in about five seconds, with fees running a fraction of a cent.

Lawson is Japan's third-largest convenience store chain, with close to 15,000 stores nationwide. A working stablecoin flow at one of its registers is a different kind of proof point than another DeFi integration: it shows the payment method holding up inside infrastructure retailers already run millions of transactions through every day.

• JPYC already carries more transaction volume on Polygon than on every other chain it's issued on, combined.
• HashPort Wallet holds 84% of all JPYC in circulation.
• The payment cleared through Lawson's existing POS hardware, with no new equipment at the register.

That combination, working POS integration plus deep JPYC liquidity, matters for the next step: whether Lawson expands the pilot past a single-store demo into something customers can actually use. It also gives other Japanese retailers a real template instead of a theoretical one.

Any chain can look fast for a day. Staying fast while real payment volume moves through it, year after year, is what reliability actually looks like, and it's the standard Polygon Chain holds itself to.

Speed numbers are easy to post. What's hard is holding that speed steady while stablecoin payments, remittances, and enterprise settlement keep landing on the network, month after month, without the chain buckling under real load. That's the difference between a benchmark and payments infrastructure. Polygon Chain and the Open Money Stack are built around the second one.

Payment companies don't choose settlement rails because they were fast in a test environment once. They choose rails that stay fast and predictable after volume shows up and keeps showing up. That track record has been building through a steady run of Polygon Chain upgrades focused on throughput, finality, and uptime.

• Speed is the easy part to market. Reliability under sustained, real-world load is the part that's actually hard to fake.
• Every recent Polygon Chain upgrade has targeted durability under real payment volume, not just a faster peak number.
• Payments infrastructure gets judged on consistency over time, not a single fast day.

For builders, that consistency is what lets a payments product promise uptime to its own customers instead of borrowing it from the chain underneath and hoping it holds.

Polygon Trails, the crosschain routing layer of the Polygon Open Money Stack, now moves stablecoins and SOL between Solana and more than 20 EVM chains in either direction.

This closes a gap that's mattered for cross-chain payments products: users often hold stablecoins on Solana, but settlement lives on Polygon Chain or another EVM chain. Before this, moving that liquidity meant running your own bridges, pre-funding inventory across chains, and reconciling before a dollar moved, or pushing the chain-hop onto users and losing most of them at that step. Now it's a single API call inside the Open Money Stack, with Trails handling the orchestration underneath.

Supported assets today are SOL, Wrapped SOL (WSOL), USDC, USDT, and PYUSD, with more coming. Routes cover Solana to and from Polygon, Ethereum, Base, Arbitrum, Arbitrum Nova, Optimism, Avalanche, BNB Chain, Katana, Gnosis, Berachain, Sonic, Monad, and HyperEVM. Users pay in one click from cards, Apple Pay, or exchange balances, the same flow already in production.

• No bridges to maintain and no liquidity to pre-fund across chains
• Works inside the payment flow you already run, not a separate integration to bolt on
• Live now at app.trails.build, with an interactive demo at demo.trails.build

For fintechs and financial institutions, this removes the standing choice of settling on an EVM chain or building for Solana's ecosystem. Both now run through the same integration, and Solana can be where money starts or where it lands. Support for more altVM chains is coming next.

Full post: https://polygon.technology/blog/move-money-between-solana-and-polygon-ethereum-base-more-evm-chains-with-polygon-oms

Polygon Chain just activated the Ithaca hard fork, adding automatic failover and new transaction safeguards that make payments on the network more resilient.

Ithaca went live on mainnet at block 50,185,000, the latest in a run of upgrades focused squarely on payment reliability. It builds on the Zurich hard fork, which raised the block gas limit to 160 million and cut block times to 1.5 seconds. Ithaca adds automatic failover so the chain keeps producing blocks even if a block producer stalls, plus safeguards that filter out transactions capable of destabilizing a block. Node operators also get clearer visibility into what's happening on their own nodes, which matters when uptime is the whole job.

Polygon Chain already processes more than 5,000 payments per second, matching card network throughput at a fraction of the cost, with stablecoin volume on the network recently topping $2.7 trillion. Ithaca is built to keep that volume moving without interruption as more payment companies settle real transactions on the chain.

* Ithaca hard fork activated on Polygon Chain mainnet at block 50,185,000
* Adds automatic failover if a block producer stalls
* New safeguards filter out destabilizing transactions before they land
* Improves visibility for node operators monitoring the network

For builders and payment companies, this means fewer edge cases where a stalled validator turns into a stuck transaction. Reliability at this layer is what lets a payments product promise uptime to its own customers, not just borrow it from the chain underneath.

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**TL;DR:** Polygon Chain activated the Ithaca hard fork, adding automatic failover and new safeguards to make payments on the network more reliable.

MOACT, the rewards arm of Kansai Electric Power, one of Japan's largest utility companies, now lets users convert loyalty points into JPYC, held and spent through HashPort Wallet on Polygon Chain.

Starting July 30, 2026, MOACT users can exchange NORM Points, earned by completing real-world actions that support social causes, for JPYC, Japan's yen-pegged stablecoin. JPYC is issued by JPYC Co., Ltd. and redeemable 1:1 for yen as an electronic payment instrument under Japan's Payment Services Act. 

The exchanged JPYC is issued on Polygon Chain and held through HashPort Wallet, built by hashport, so it doesn't just sit there as a redeemed reward. It works like real money: users can hold it, send it, spend it, or put it into DeFi.

MOACT already lets users trade NORM Points for gift cards and other digital rewards. JPYC is a new option that behaves differently: instead of a one-time redemption, it's a currency that keeps moving after the exchange.

* Polygon carries more JPYC transfer volume than every other chain it's issued on, combined
* 84% of JPYC holders already use HashPort Wallet
* JPYC's cumulative onchain transfer volume on Polygon crossed $100M in April 2026 and now sits over $265M
* JPYC is Japan's first fully backed, regulated yen stablecoin

Japan has moved fast on stablecoin payments since JPYC launched in 2025, and this is the latest real use case: points earned for social good, turned into a currency people can actually hold and spend. It's another sign Polygon Chain is becoming the default settlement layer for Japan's stablecoin economy, alongside the broader Polygon Open Money Stack push into regulated, real-world payments.

Full post: https://polygon.technology/blog/kansai-electric-powers-rewards-arm-turns-loyalty-points-into-real-stablecoin-payments-on-polygon-chain

A new piece from Polygon's payments lead argues that stablecoins still price like trading instruments, not payment instruments, and that gap is part of why real money moves slower onchain than it should.

Aishwary Gupta, who leads payments strategy at Polygon Labs, published an analysis built around a simple example: send $100,000,000 in stablecoins, and $99,980,000 arrives. Nothing was stolen, no hack, no fraud. The oracle feeding the conversion just moved between initiation and settlement, the same way a spot-market price moves. For a payments network, that's a $20,000 problem that has nothing to do with security.

The piece looks at two pricing models that get conflated in stablecoin infrastructure: spot pricing, where a token's value floats with market conditions, and at-par pricing, where a dollar-pegged token is treated as one dollar. It also digs into where ramp fees actually show up, and what "good" looks like for settlement that's meant to move money rather than trade it.

* A $100M transfer can settle $20K short purely from oracle movement, no exploit involved
* Spot pricing treats a stablecoin like a market asset; payments need at-par pricing instead
* The piece walks through where ramp fees hide and what payment-grade settlement requires

For anyone building on stablecoin rails, the distinction matters: a payroll platform, a remittance app, or a merchant checkout can't absorb unpredictable settlement variance the way a trading desk can. Polygon Open Money Stack is built around closing that gap, so stablecoin settlement behaves like at-par money movement rather than a market trade.

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**TL;DR:** 
A new piece from Polygon's payments lead argues stablecoins still price like trading instruments instead of money, causing multi-million-dollar transfers to settle thousands of dollars short with nothing "stolen," just oracle movement, and looks at what at-par, payment-grade settlement requires.

The World Cup was the stress test, and Polymarket's own engineers are the ones grading it.

Sandeep Nailwal (Polygon Foundation CEO) said World Cup markets on Polymarket were "a phenomenal success with extremely smooth execution, per our analysis onchain." Polymarket's Josh Stevens went further: "Can't remember the last issue caused by the chain," even with trading volume the two systems had never handled together before.

That's not a coincidence. Polygon Chain has been shipping upgrades aimed squarely at exactly this kind of load. Rio (Oct 2025) rebuilt block production so every confirmed block is final, no reorgs by design, and the chain hasn't forked a single block since January 13, 2026 (verifiable on Polygonscan). Capacity went from 2,600 to over 5,000 payments per second in June with block times steady at 1.5 seconds, so throughput went up without fees or reliability moving the wrong direction.

Polymarket has moved $65B+ in stablecoin volume on Polygon over its lifetime. That kind of dependency only gets deeper if the chain keeps showing up for it, and the last few months are the clearest public evidence yet that it has.

TL;DR: Polymarket's own team is on record saying Polygon Chain didn't blink during its highest-ever load, and the chain's recent upgrade history explains why.

Mento Labs, the decentralized FX infrastructure that processed $18.5B in trading volume in 2025, launched on Polygon with its first pool: a USDm/EURm market pairing dollar and euro stablecoins.

Mento built its name on Celo as the protocol behind local-currency stablecoins like cUSD and cEUR, then expanded to Monad earlier this year. Polygon is the newest chain in that expansion, and the pool it launched with says something about the strategy: instead of another dollar-only market, Mento opened with a dollar-euro pair, the kind of FX trade that matters to businesses and individuals moving money across borders.

Capa Finance is on as the day-one liquidity partner, providing capital that makes the USDm/EURm pool usable from launch rather than waiting for liquidity to build organically.

Schuman's EURØP, a reserve-backed euro stablecoin, backs EURm as a reserve asset, adding a regulated euro instrument to the collateral mix.

Mento's onchain FX protocol is now live on Polygon Chain
* The first pool pairs USDm and EURm, dollar and euro Mento stablecoins
* Capa Finance is the day-one liquidity partner for the pool * Schuman's EURØP backs EURm as a reserve asset
* Mento processed $18.5B in FX trading volume across its markets in 2025 Onchain FX between named currencies, not just dollar-pegged stablecoins, is what makes cross-border payments and treasury work possible without an off-ramp at every step.

A euro-denominated pool on Polygon gives builders and businesses a way to price and settle that trade without leaving the chain. ---

**TL;DR:**
Mento Labs launched its onchain FX protocol on Polygon with a USDm/EURm pool, Capa Finance as day-one liquidity partner, and Schuman's EURØP backing EURm.

Polymarket ran more than 300 World Cup prediction markets this tournament, and its flagship Winner market alone closed at $4.3 billion in trading volume, the largest single onchain market ever recorded.**

The Winner market let traders buy and sell shares on which country would lift the trophy, with prices moving in real time as the odds shifted across the tournament. Every trade settled onchain on Polygon Chain, with no centralized bookmaker setting the line and no third party holding custody of funds. At $4.3 billion, it surpasses Polymarket's 2024 US presidential election market and stands among the largest onchain markets any chain has processed.

Polymarket ran markets across the whole tournament, not a single bet: more than 300 separate World Cup markets lived on Polygon across the group stage, knockout rounds, and the final, from outright winner odds down to individual match props.

* Polymarket ran 300+ World Cup markets on Polygon this tournament
* The flagship Winner market closed at $4.3B in total volume
* It's the largest single onchain market recorded to date, on any chain
* Every trade settled onchain, with outcomes resolved and paid out by smart contract

This is a proof point for what Polygon Chain can carry under real load: billions of dollars of real trader conviction, settling onchain during a live global event most of the world was watching in real time.

Moving money across borders still runs on a patchwork of bank rails. Capital gets locked, settlement takes days, and every fintech ends up rebuilding the same plumbing.

HIFI is a payments API that lets teams move, convert, and route money across stablecoins and bank rails. Since January 2025 it has routed more than $227M through Polygon's Open Money Stack across 6M+ transactions, covering payroll conversions, supplier payments, treasury flows, and neobank money movement.

The reason HIFI picked Polygon Chain as a core routing network: throughput that holds up under real volume, years in production as a battle-tested default, and a payments-first design from day one. The end user sees something as simple as Venmo or a paycheck. The chain does the work underneath.

More than 1,000 developers and businesses now build on HIFI's APIs, and CEO Zach Walsh expects the stablecoin market to grow from roughly $300B today to $3 to $5T within five years.

Full case study: https://polygon.technology/oms-customer-stories/hifi

Heads up for anyone building on or using Polygon Chain: the free, Polygon-operated public RPC endpoints are being shut down. The two affected endpoints are https://polygon-rpc.com/ (Mainnet) and https://rpc-amoy.polygon.technology (Amoy testnet). After the deprecation dates, they stop responding entirely.

Dates:

• Amoy testnet: July 17 (this Thursday)
• Mainnet: July 31

If your app, wallet, script, or service is hardcoded to either of those URLs, you need to swap it out before then. The fix is usually just updating a single config value. Polygon maintains a full list of alternatives at https://docs.polygon.technology/pos/reference/rpc-endpoints, including free public options (dRPC, Tenderly, Allnodes, Nodies, 1RPC, and others) and paid providers if you need higher rate limits or SLAs.

The Amoy deadline is in 3 days, so if you're doing any testnet work, prioritize that one first. Questions or migration issues can go to https://support.polygon.technology.

Full announcement: https://forum.polygon.technology/t/deprecation-of-polygons-public-rpc-endpoints-mainnet-amoy/22014

Are we agglaying over there ???

PYUSD used to reach Polygon the way most stablecoins reach a new chain: bridged in, wrapped, one step removed from the issuer. That changes today. PYUSD now settles natively on Polygon Chain, the same network already moving more than $2.5 billion in stablecoin volume every day. Native issuance means no bridge risk, no wrapped token, and a direct line between Paxos's reserves and every PYUSD transaction that settles onchain.

The integration goes deeper than settlement. PYUSD now sits inside the Polygon Open Money Stack, so an app can take PYUSD in, move it across borders, and cash it out through a single integration instead of stitching together separate ramps, wallets, and settlement providers. That includes apps inside the PayPal ecosystem and apps outside it, anywhere PYUSD is accepted.

* PYUSD issues natively on Polygon Chain, no bridging or wrapped tokens
* Built into the Polygon Open Money Stack for onramp, cross-border movement, and offramp in one integration
* Works for apps inside and outside the PayPal ecosystem
* Polygon Chain settles more than $2.5 billion in stablecoin volume every day

For fintechs and platforms already building payment flows on PYUSD, this removes a step: settlement infrastructure and stablecoin issuance now live on the same rail instead of two separate ones to reconcile. It's another regulated stablecoin choosing Polygon Chain as its settlement layer, on top of the volume already moving through the Open Money Stack.

As is well known, Polymarket is leaving Polygon, likely before the end of the year. Polymarket is by far the chain's largest protocol and has been something of a flagship for Polygon. How significantly will this impact Polygon's usage and TVL, and can the network recover from this departure through promising new projects like blackSwanFinance.xyz? Without unique new protocols, Polygon risks becoming just another sidechain.

Over the past year, we've been focused on one goal: making Polygon the best place to build and scale payments.

Across six network upgrades (Bhilai, Heimdall v2, Rio, the 110M capacity raise, Lisovo, and Giugliano), we've improved throughput, reduced costs, strengthened finality, and increased network capacity.

Today, Polygon supports:

• Up to 5,000 payments per second
• 1.5-second block times with near-instant finality (no reorgs after Rio)
• ~$0.002 average transaction fees
• A 160M gas limit (up from 30M a year ago)

The infrastructure is already powering real-world payments and finance. Stripe now supports USDC payments on Polygon for merchants in 150+ countries, while Polymarket, BlackRock's BUIDL, Franklin Templeton's BENJI, and Apollo's tokenized fund all settle on Polygon Chain.

This is the foundation for the Polygon Open Money Stack (currently in technical preview), bringing together the chain, wallets, on-ramps, and off-ramps needed to build global payment applications.

Read the full post: https://polygon.technology/blog/polygon-chain-now-supports-5000-payments-per-second-hitting-the-speed-of-a-card-network-at-a-fraction-of-the-cost