Polygon’s token climbed about 17% over the past day as traders reacted to a fresh push by Polygon Labs into stablecoin payments. The move lifted Polygon to around $0.149, marking one of its strongest daily performances in recent weeks and reversing part of its longer-term downtrend. Polygon Labs Unveils “Open Money Stack” Polygon Labs said it is working on an “Open Money Stack” framework designed to support stablecoin-based payments across blockchains. The initiative aims to provide open infrastructure for issuing, transferring, and settling stablecoins, with a focus on real-world payment use cases. The announcement renewed attention on Polygon’s role as a payments-focused scaling network rather than only a DeFi or NFT platform. As a result, market participants rotated into the token during the session, pushing prices steadily higher through the day. The chart shows a clear intraday uptrend. Polygon advanced from the $0.13 area to just under $0.15, with shallow pullbacks and higher lows. Buying pressure remained consistent into the close, suggesting the move was not driven by a single spike but by sustained demand. Polygon price chart. Source: CoinCodex While short-term momentum turned positive, Polygon still trades well below its mid-2024 levels. The chart highlights a broader decline from above $0.25 in late summer to December lows near $0.10, followed by a rebound into January. According to CoinCodex projections, Polygon could see further upside in the coming weeks, though forecasts remain cautious. The platform’s outlook suggests modest gains rather than a full trend reversal, with price action expected to consolidate before attempting higher levels. CoinCodex’s forward curve implies gradual recovery into early 2026 rather than an immediate breakout. Polygon price forecast chart. Source: CoinCodex For now, the 17% rally reflects renewed narrative interest tied to payments and stablecoins rather than a structural shift in the long-term trend. However, the Open Money Stack announcement has placed Polygon back into conversations around blockchain-based payments, a sector that continues to attract attention amid broader stablecoin adoption. As trading continues, Polygon can hold above the $0.145–$0.15 zone. Holding that area would signal that the move has legs, while a failure could point to another consolidation phase after the sharp rebound. Polygon hits record 2025 activity as transactions top 1.4 billion, Dune chart shows Meanwhile, Polygon logged more than 1.4 billion transactions in 2025, marking its highest yearly total on record, according to a Dune chart shared by Rand (@cryptorand). The post pointed to Polygon’s push to scale onchain payments as activity rose. Polygon PoS yearly network transactions. Source: Dune The chart titled “Polygon PoS Yearly Network Stats (All)” shows yearly transaction bars climbing into 2025, with the latest bar the tallest in the series. Earlier years also stayed above 1 billion, while 2025 moved higher than 2024 and prior peaks. Meanwhile, the black cumulative line on the same chart continues rising into 2025, indicating total transactions kept compounding as annual counts stayed elevated.
