An increase in USDC active addresses on the Polygon chain saves POL from crashing into uncharted territory. With the increase in on-chain metrics, POL ended a 6-month-long downtrend. However, people are not speculating on Polygon, but they are using it for payments and real economic value.
Active addresses on Polygon hit 3 million
Active addresses on the Polygon chain hit a new all-time high, crossing a monthly level of 3 million. Polygon’s growth has been exponential since January 2025. From 1.5 million active addresses in January 2025, the number of addresses crept up parabolically, reaching 3 million. It does not end there; the cumulative trendline still keeps pointing upwards.
As of March 6, the Polygon chain captured a 35% market share while Solana took over 23% and Base owned 15%.
Traders use Polygon for real economic activity
According to researchers, a blockchain infrastructure goes through three phases. Initially it goes through the ‘infrastructure phase,’ or the experimental usage. During this phase, builders deploy contracts, wallets integrate the chain, and liquidity bridges expand.
And then follows the ‘early activity phase,’ where the transaction counts rise, but economic value remains limited. Finally comes the S-curve adoption phase, where real economic activity shows up along with the fee revenue and network usage accelerating.
And according to the analyst, Polygon is in its third stage, where there is real economic activity as it is being used for transactions and payment. With the increase in active addresses, Polygon was able to recover and change its trajectory from going into the unknown.
As shown in the chart above, POL’s 6-month-long downtrend turned into a consolidation phase, with an increase in active addresses. Although the consolidation phase might not look very impressive on the charts, POL’s 6-month-long downtrend came to an end.
Looking at the relative strength index indicator, there is bullish momentum building beneath the surface, despite the price on the charts being dormant. However, there will come a point when the bullish momentum is displayed on the charts, and when that time arrives, POL will cross above the 50-day moving average at $0.10.
