- The project’s stablecoin supply has surpassed $2.76 billion.
- The metric had remained below that level since 2021.
- A descending wedge pattern suggests POL could rise to $0.50.
Digital tokens stayed elevated on Monday as most assets displayed bullish structures following recent rallies.
Polygon, which showed increased stability after its Heimdall v2 upgrade on July 10, is once again in the spotlight.
Polygon PoS saw its stablecoin supply recover above $2.76 billion over the weekend, reaching levels not seen since the 2021 upside run (according to CEO Sandeep Nailwal).
We just surpassed all time stablecoin supply on @0xPolygon POS, crossed $2.76B first time since 2021
The acceleration is just beginning
We consistently
– Top 3 in bridged inflows
– Top 2 in NFT trading volume
– Top 3 in daily transactions
– 150b+ in stablecoin volumes
– Top 2… pic.twitter.com/i0Zy9bt5wv— Sandeep | CEO, Polygon Foundation (@sandeepnailwal) July 19, 2025
The prevailing bullish rally and recent approval of key crypto-related bills in the United States are helping to drive this stablecoin inflow.
Stablecoins gained further momentum after Donald Trump signed the GENIUS Act. These assets play a crucial role in market stability by anchoring on-chain value to real-world fiat.
The growing stablecoin inflows into the Polygon network signal rising confidence in the project, with users betting on expanded ecosystem activity, NFT trading and DeFi engagement.
These developments have renewed interest in POL, the native token replacing MATIC.
POL appears to have formed a bullish reversal pattern following prolonged declines since March.
Clearing the $0.42–$0.45 resistance zone could push POL toward the $0.50 barrier.
That would imply a gain of roughly 95.38% from the token’s current market price of $0.2559.
On-chain activity confirms the trend shift
Stronger fundamentals support Polygon’s upward trajectory.
Over recent months the network has consistently ranked among the top performers across several metrics:
- Top three for bridged inflows
- Top two in NFT trading volume
- Top three in daily transactions
- $150b+ in stablecoin volume
- Among the top two for daily active users on many days
These statistics reflect Polygon’s competitiveness in the crowded Ethereum scaling and L2 landscape.
The impressive growth indicates Polygon remains an attractive option for traders, institutions and developers.
With multiple sectors heating up — including NFTs, DeFi, gaming projects and real-world assets (RWA) — ongoing expansion could drive further stablecoin inflows into Polygon.
POL price outlook: Is $1 next?
POL trades around $0.2559 after gaining more than 5% in the past 24 hours (CoinMarketCap).
The token has risen from June lows near $0.1666, and a 60% increase in daily trading volume points to potential further gains for POL.
Technical indicators bolster the bullish case. A textbook descending wedge has formed on weekly highs.
This classic pattern often precedes sizeable breakouts once confirmed.
Descending wedge formations can deter cautious buyers and short sellers until strong moves materialize.
With broad market optimism prevailing, Polygon bulls will target the key resistance at $0.50 — about a 95% rise from the current $0.2559 price.
Rising stablecoin supply suggests steadier upside potential for the token. Surpassing $0.50 could open the path to $0.90 and, eventually, test the psychological $1 threshold.
Cryptocurrencies appear poised for extended gains as bulls dominate on shifting trends and increased institutional appetite.