Welcome back to the Polygon Weekly Overview. The best place for Polygon community members to get up to speed on the chain’s latest updates, metrics, releases, insights, ecosystem developments and more. All in one place.
New here? Subscribe here to get updates to your inbox. Every Friday.
The percentages and metrics are based on a 7-day timeframe, unless noted otherwise.
🟪What happened: Polygon is gaining traction in the institutional landscape real-world assets (RWAs) and stablecoins have grown in value over the past 30-days.
🟪Why does it matter: The tokenization of RWAs is one of the hottest sectors in crypto right now. TradFi firms are eyeing the industry, while blockchain teams are vying for their attention to capture a share in this emerging market.
Amongst all of this, Polygon is climbing the ranks in this sector with its RWA value and holders, as well as stablecoin market cap and holders all up over a 30-day period. Polygon’s RWA value is up 6.2% to $386.8 million, while its stablecoin market cap is up 4% at $2.77 billion, during the same time frame, RWAxyz data shows. Polygon’s RWA value ranks it as the fifth largest chain in this category, a position it has held since early February.
Across all chains, the total RWA onchain value is nearly $25 billion, with total stablecoin value at $258 billion. While Polygon only represents a fraction of total RWA value, the network supports the most amount of RWAs with 494. This showcases the network’s meaningful growth as it has 175 more RWAs on its network compared to the next, which is Ethereum. In a space with a total addressable market (TAM) in the hundreds of billions, even modest gains can translate into substantial capital inflows.
🟪The big picture: As more offchain financial categories are coming onchain and being tokenized, there’s more opportunity for growth and competition.
Polygon expanding in RWAs on the month, despite the total RWA onchain value falling 1.5%, shows that it’s still maintaining market share even when the broader market is declining. With that said, the total RWA holder amount grew 19% to 344,743 over the past 30-days, adding a bigger pool of accounts that the chain could tap into.
If Polygon sustains momentum as one of the top chains for RWAs and stablecoins, it could bring in more builders focused on creating real-world use cases and reinforce its position in the evolving tokenization ecosystem.
Katana is live on:
Chainstack, adding its RPC access for builders to deploy to the chain
Metrix Finance, providing a dashboard for users to backtest, simulate and track DeFi actions
Polygon ranks third in bridged asset netflows from the last three months with $493.5M, according to Artemis data
Charm Finance activity heats up with its TVL up 131% on the month to $2.3M, according to data by Dune user spaceharpoon
Axal partners with Polygon to bring stablecoin savings accounts to the network (with Katana integration coming soon)
Artemis’ July stablecoin update features LATAM growth for Polygon with transfer volume reaching a monthly high
Payy Card launches to the public, providing a bank for crypto-native holders and ability to pay with USDC on Polygon, anywhere Visa is accepted
ICYMI: Polygon Labs CEO Marc Boiron explains to Token Relations how the network is building a global payment infra around Polygon PoS
Polymtrade, Polymarket’s mobile trading app, adds deposits and withdrawals
Want to dive into the Polygon ecosystem full-time? Find the latest job postings here or join an activation below:
Dive into the Polygon developer community and join the Discord
Listen to the Strategy Spaces with Polygon Community Lead to discuss its Post-TGE Kaito integration
Tune into Bitfinex’s AMA on Telegram on Aug 8 at 6PM UTC with Polygon Founder Sandeep Nailwal
Join the Polygon Community channel on X
To get this newsletter delivered to your inbox every week, subscribe here.
This product was built by Token Relations.
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.