The Polygon network recorded higher daily fees than Ethereum for the first time. According to Token Terminal, on February 14, Polygon users paid approximately $407,100 for transactions, while Ethereum fees amounted to $211,700. The next day, the figures were almost equal, but Polygon was again ahead — $303,923 versus $285,480 for Ethereum.

The key growth factor was a surge in activity on the Polymarket prediction platform. Matthias Seidl, co-founder of the analytics service growthepie, noted that this application was responsible for the main influx of fees. Over the past week, Polymarket has brought in over $1 million to the network, while the second largest application in the ecosystem, Origin World, has generated only about $130,000. Polygon itself also emphasized the role of Polymarket, noting that the Oscar betting market alone attracted over $15 million.

Additional support for the network was provided by the growth of stablecoin transactions, primarily USDC. Over the week, Polygon processed about 28 million transactions in Circle's stablecoin, surpassing Solana in this metric. The total number of USDC transfers reached 103 million, a record for the network. In addition, activity increased thanks to the x402 protocol: the volume of organic micropayments for the week amounted to $1.2 million, and the number of transactions exceeded 358,000.

Market participants also attribute the growth in performance to Madhugiri's December update. The upgrade increased network throughput by approximately one-third and reduced block confirmation times to one second, making Polygon a more attractive platform for high-frequency operations and applications with large numbers of users.