# Polygon's FX volume hits $358M weekly high as LATAM stablecoins surge > Machine-readable markdown export for LLMs and tools. Canonical article: https://tr-platform-e3p7-c3qlnkibq-yashs-projects-fab8b9b6.vercel.app/investor-updates/polygon-2026-02-06 > This file: https://tr-platform-e3p7-c3qlnkibq-yashs-projects-fab8b9b6.vercel.app/investor-updates/polygon-2026-02-06/llm.txt Polygon Weekly Overview - February 6, 2026 ## Metadata - **Series / network:** Polygon - **Published:** 2026-02-06T04:00:00.000Z - **Status:** published - **Cover image:** https://firebasestorage.googleapis.com/v0/b/token-relations-nl.firebasestorage.app/o/covers%2F2f0oSxz7iCQjVlFAEnmpfFaDPOB2%2F1770391265723_daniel-dan-_xJJ74JmMlc-unsplash.jpg?alt=media&token=7241e32b-a8d5-4a95-8da1-83dc8c02c977 --- ## Content Welcome back to the Polygon Weekly Overview, the best place for the Polygon community to get up to speed on the chain’s latest updates, metrics, releases, insights, ecosystem developments and more. All in one place.  ### By The Numbers - [Polygon daily active addresses](https://www.token-relations.com/dashboard): 516.7K (+7.29%) - [Polygon daily txns](https://www.token-relations.com/dashboard): 7.22M (+16.64%) - [Polygon Total Volume Locked (TVL)](https://www.token-relations.com/dashboard): $1.12B (-5.31%) - [Daily DEX Trading Volume](https://www.token-relations.com/dashboard): $339.25M (+12.72%) - [Daily Transfer Volume](https://www.token-relations.com/dashboard): - USDT: $350.5M (+17.03% - USDC: $935.9M (-8.25) - DAI: $146.5M (-21.45%) - [NFT weekly sales volume](https://www.cryptoslam.io/blockchains/polygon?headerPeriod=7d&tab=Collection+Rankings&timeFrame=week&period=7d): $742.1K (+1.65%) - [Top 3 NFT collections by sales volume](https://www.cryptoslam.io/blockchains/polygon?headerPeriod=7d&tab=Collection+Rankings&timeFrame=week&period=7d):  - PerkVault Collection: $81.64K (+44.62%) - Voxies: $73.65K (-14.04%) - ValensPay Pass: $18.57K (+109.59%) The percentages and metrics are based on a 7-day timeframe, unless noted otherwise. ### Polygon Spotlight 🟪 **What happened:** Polygon saw FX stablecoin activity hit a weekly all-time high of $358.7 million, with over $200 million processed on January 30 alone.  LATAM stablecoins led the spike, with BRZ recording $288 million and BRLA processing $32 million. European stablecoins also hit weekly records, led by EUROP at $11.4 million. USDC continued setting records, clocking 60.7 million transfers and 2.2 million unique addresses last week. The network also burned 25.7 million POL in transaction fees during January 2026, representing 0.24% of total supply. 🟪 **Why it matters:** The rise in FX stablecoin activity shows how Polygon's infrastructure is expanding beyond dollar-denominated payments into regional currency corridors. The growing volume highlights the adoption of non-USD stablecoins for cross-border payments and local commerce. LATAM stablecoins dominate this growth, with Brazilian Real-backed BRZ and BRLA together recording $320 million in weekly volume, This concentration reveals how specific emerging markets are scaling rapidly as payment providers and users adopt blockchain rails for use cases like remittances, business settlements, and everyday transactions in their local currencies. While smaller than LATAM volumes, the uptick in European stablecoin activity shows that euro-denominated stablecoin flows are gaining momentum alongside dollar-based stablecoins. Meanwhile, USDC's continued traction in transfers and unique addresses shows that dollar stablecoin adoption continues to dominate and grow, even as FX alternatives emerge.  This parallel growth across both USD and regional stablecoins positions Polygon as infrastructure supporting diverse currency needs. The 25.7 million POL burned in January fees reflects the network's transaction density. Burning 0.24% of total supply in a single month through fee activity indicates sustained high-volume usage across payments, trading and DeFi protocols. 🟪 **The big picture:** Polygon's recent acquisitions and broadening of the Open Money Stack aim to reduce friction in multi-currency stablecoin adoption. Infrastructure like Sequence's Trails addresses the complexity of managing cross-chain transactions, a barrier that has historically limited stablecoin use in markets where they're needed most. The Brazilian Real stablecoins’ surge highlights this opportunity: regions with banking gaps or currency volatility represent the strongest use cases for accessible, multi-currency payment rails.  ### Chart Of The Week Polygon saw FX stablecoins record a weekly all-time high of $358.7 million, with a daily all time high of $211M on January 30 ![](https://firebasestorage.googleapis.com/v0/b/token-relations-nl.firebasestorage.app/o/images%2F2f0oSxz7iCQjVlFAEnmpfFaDPOB2%2F1770391211500_pasted_image_1770391211488?alt=media&token=4bd3ae97-43c3-4f55-8e40-2b37d39d753e) ### Into The Agglayer - Learn how [Agglayer makes Morpho Vaults](https://morpho.org/stories/polygon/) its yield infrastructure for any new chain with Vault Bridge - Sentient [launched](https://www.alphaxiv.org/abs/2602.01848) the ROMA V2 framework, which uses subtasks to create multi-agent AI systems that can be executed in parallel - Katana’s latest DeFi Series [episode](https://x.com/katana/status/2018704728595538297?s=20) features Spectra Finance, covering yield tokenization  - Espresso Foundation has [signed](https://x.com/espressoFNDN/status/2017329762281406754?s=20) a rollup partnership with Katana for integration plans that would provide the chain with crosschain composability for unified liquidity pools, crosschain lending, and bridgeless payments ### Ecosystem Showcase - Read how Polygon is [building the Open Money Stack](https://polygon.technology/blog/vertical-integrated-open-why-polygon-is-building-the-open-money-stack) so it’s vertically integrated and open to make stablecoin payments work end to end - [Polygon explains how its acquisition of Coinme](https://polygon.technology/blog/coinme-closes-last-mile-of-stablecoins-with-on--and-off-ramps) closes the gaps in existing stablecoin infrastructure with on and off-ramps - Ethereum's ERC-8004 AI agents are [live on Polygon](https://x.com/0xPolygon/status/2018365944884785424?s=20), unlocking agentic interactions across L2s  - Trails, a universal intents platform for one-click crypto transactions across tokens, chains and wallets, [is live](https://x.com/TrailsHQ/status/2018714651568067034?s=20) on Polygon - Tokenyze [processed over $100M](https://x.com/tokenyze_co/status/2016880813132882243?s=20) in onchain transactions through the Tokenyze Agent Portal on Polygon - The Axion Foundation [launched](https://www.alloyx.com/post/billon-launches-asia-s-first-tokenised-asset-leveraged-vault-supported-by-alloyx-group-and-polygon-l) Billon, an onchain lending protocol for tokenized assets supported by AlloyX and Polygon Labs ### Join In The Fun - Espresso Foundation’s ESP tokenomics are live. Join the [claim portal](https://x.com/espressoFNDN/status/2019280756703723943?s=20) to see if you are eligible for an airdrop This product was built by [Token Relations](https://token-relations.com/).  This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.