- The project’s stablecoin supply has surpassed USD 2.76 billion.
- This metric has not reached this level since 2021.
- A descending wedge pattern suggests POL could rise to USD 0.50.
Digital tokens remained elevated on Monday as most assets displayed bullish structures following recent rallies.
Polygon, which has shown stability since its Heimdall v2 upgrade on July 10, is back in the spotlight.
Polygon’s PoS observed its stablecoin supply recover beyond USD 2.76 billion over the weekend, reaching levels not seen since the 2021 bull market (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 bull run and the passage of recent cryptocurrency bills in the United States have helped drive growth for stablecoins on Polygon.
Stablecoins have gained momentum after Donald Trump signed the GENIUS Act.
These assets are essential to market stability because they link crypto markets to real-world assets such as fiat currency.
The inflow of stablecoins into the Polygon network signals growing confidence in the project, with users betting on further ecosystem growth, higher NFT trading activity, and expanded DeFi usage.
These developments have renewed interest in POL, the native token replacing MATIC.
The altcoin has formed a bullish reversal pattern following extended declines since March.
Clearing resistance between USD 0.42 and USD 0.45 could propel POL toward resistance at USD 0.50.
That would represent a 95.38% increase from the current market price of USD 0.2559.
Network activity confirms the trend shift
Stronger fundamentals support Polygon’s bullish trajectory.
In recent months it has consistently ranked among the top projects across several on-chain metrics:
- Top three in bridged inflows
- Top two in NFT trading volume
- Top three in daily transactions
- Over USD 150 billion in stablecoin volumes
- Top two in daily active users on many days
Those statistics reflect Polygon’s competitiveness within the Ethereum scaling and layer-2 landscape.
The impressive growth suggests Polygon remains an attractive option for traders, institutions, and developers alike.
With multiple sectors heating up amid the unfolding bull market — including NFT marketplaces, DeFi, gaming projects, and real-world assets (RWA) — Polygon could see additional stablecoin inflows.
POL price outlook: Is the next stop USD 1?
POL trades at USD 0.2559 after gaining more than 5% in the past 24 hours (CoinMarketCap).
The token has recovered from June lows of USD 0.1666, and a 60% rise in daily trading volume points to potential further gains for POL.
Technical indicators support the bullish case: a textbook descending wedge is forming on the weekly charts.
This classic pattern often precedes large breakouts once confirmed.
Descending wedges can trap hesitant buyers and short sellers before a decisive upward move.
Given the prevailing market optimism, bulls targeting Polygon will eye the key USD 0.50 resistance — roughly a 95% rise from POL’s current market price of USD 0.2559.
Rising stablecoin supply hints at sustained upside for the token.
Clearing USD 0.50 could open the way to USD 0.90 and potentially push toward the psychological USD 1 mark.
Overall, cryptocurrencies appear poised for extended gains as bullish sentiment strengthens amid shifting trends and growing institutional appetite.