Polygon Network Token

24h change: -0.09%. From $0.0716 to $0.0715.

• Polygon Labs announced its second round of layoffs in July 2026 as it transforms from a blockchain foundation into a payments-focused company. CEO Marc Boiron highlighted strong revenue, record stablecoin volumes, and a path to profitability by 2027. The restructuring aligns operations with acquisitions like Coinme and a sharper emphasis on blockchain-enabled payments. This matters because it shows how the team is adapting its business model to compete in real-world finance.
• The Ithaca upgrade went live on Polygon Chain at block 50185000 on July 30. It adds automatic failover if a block producer stalls, blocks oversized transactions that could strain the network, and gives operators better visibility. This is the fourth mainnet upgrade in under five months and targets smoother, more predictable payments. The changes help make the chain more suitable for everyday stablecoin transfers and real-world use.
• Kansai Electric Power's rewards arm MOACT partnered with hashport to let users convert loyalty points into JPYC, a yen-pegged stablecoin on Polygon. Users can hold, send, and spend it across wallets and DeFi. Polygon already handles more JPYC transfer volume than all other chains combined, with rapid growth in recent months. This partnership demonstrates real-world adoption of Polygon as a settlement layer for stablecoin-based payments in Japan.

24h change: +0.04%. From $0.0716 to $0.0717.

• Kansai Electric Power's rewards arm MOACT partnered with hashport to let users convert loyalty points into JPYC, a yen-backed stablecoin, on the Polygon chain. Users can then hold, transfer, or spend these tokens for everyday payments and other use cases. This builds on Polygon's recent integrations for stablecoins and payments, including PayPal USD and Mento Protocol. The move demonstrates growing enterprise adoption of blockchain for local currency rails and loyalty programs.
• Exchanges including Binance and Bybit temporarily suspended Polygon deposits and withdrawals in early and late July 2026 to support a network upgrade. The upgrade is part of ongoing technical improvements to the Polygon ecosystem as it scales for payments and higher throughput. It follows the full transition from MATIC to POL completed in 2024. These changes aim to strengthen the infrastructure for stablecoin use cases and enterprise adoption.
• The Polygon network has exceeded 7.8 billion total transactions as it positions itself for payments and enterprise onchain use. Recent partnerships focus on stablecoins, local currencies, and real-world applications such as loyalty programs. POL serves as the native token for fees and staking across the ecosystem of zero-knowledge layer 2 chains. This milestone reflects sustained growth in onchain activity.

24h change: +0.80%. From $0.0764 to $0.077.

• The Ithaca hard fork is set to activate on Polygon mainnet around July 29, 2026 at block 50,185,000. It builds on the July 13 Zurich hard fork, which raised the block gas limit to 160 million and reduced block times to 1.5 seconds. These upgrades support faster finality, onchain gas fee parameters, higher throughput, and greater network resilience. The changes are particularly relevant for payments applications and align with Polygon's focus on enterprise-grade performance.
• PayPal USD became natively issued on Polygon Chain via Paxos in early July 2026 and integrated into the Open Money Stack. This enables regulated cross-border stablecoin transfers in one integration. Polygon Chain reached 5,000 payments per second after upgrades, matching card network speeds at lower cost, while apps like Credible exceeded $152 million in payments volume. The developments reinforce Polygon's positioning for enterprise payments and stablecoin use cases.
• POL trades near $0.078 after a roughly 67 percent year-to-date decline and over 90 percent drop from its all-time high near $1.29. Trading volume remains below recent averages amid limited immediate catalysts. Network metrics show growth including more than 100,000 new holders in the past month and expanding payments activity. Analysts continue to discuss the gap between token price performance and underlying ecosystem utility.

24h change: -3.51%. From $0.0793 to $0.0765.

• The Ithaca hard fork has successfully deployed on the Amoy testnet and is scheduled to activate on Polygon mainnet at block 50185000 around 2 PM UTC on July 29. It enhances payment reliability through automatic failover if a block producer stalls, safeguards that block destabilizing transactions, and better visibility for node operators. All node operators must upgrade their software before activation to maintain compatibility and network safety. These upgrades build on the recent Heimdall v2 improvements and support Polygon's payments strategy with higher throughput and stability.
• Polygon Labs CEO Marc Boiron announced layoffs on July 16 as the company finalizes its Coinme acquisition and transforms from a blockchain foundation into a blockchain-enabled payments company targeting profitability by 2027. The restructuring integrates teams from acquisitions like Coinme and Sequence to build the Open Money Stack for seamless fiat-crypto payments. Polygon reported $3.37 billion in stablecoin supply and a record $9.12 billion in payment volume for June. This is the second round of cuts in 2026 and reflects a strategic shift in a competitive environment.
• POL trades around $0.08 after reaching an all-time low near $0.067 in early July, showing tight ranges and potential descending channel breakouts according to technical analysis. It offers competitive staking yields around 3.4 percent APR and was named among top staking assets for 2026 due to its role securing the network. Ecosystem developments like payments upgrades continue amid broader Layer-2 competition and variable demand. Market cap sits near $830 million with daily volumes in the tens of millions.

24h change: -1.76%. From $0.083 to $0.0815.

• Paypal expanded its pyusd stablecoin to the polygon network through issuer paxos as of early july 2026. Businesses can now access regulated onchain dollars for cross-border transfers, payroll, and settlements using existing polygon wallets, ramps, and compliance tools without bridges. This builds on polygon's open money stack and positions the network as infrastructure for enterprise payments with growing stablecoin adoption.
• Polygon chain now supports 5000 payments per second, matching traditional card network speeds at much lower cost. Payments project credible has exceeded 152 million dollars in total volume on polygon. These metrics align with the launch of enterprise tools, stablecoin guides, and the open money stack for onchain migration of traditional finance activity.
• Polygon executed a mainnet upgrade in early july 2026, prompting temporary halts to deposits and withdrawals on exchanges like bybit. The polygon zkevm mainnet beta sequencer was sunset on july 3 2026 with claims for eligible assets opening thereafter. These changes support focus on payments scaling, agglayer for shared liquidity, and refined token utility for pol in staking and governance.