Polygon (Ethereum scaling network) sets record with 256.5M stablecoin transfers in January

According to the post, stablecoin (price-pegged crypto) transfers on Polygon (Ethereum scaling network) reached 256.5 million so far in January, a new monthly record for the network; it also referenced $POL (Polygon ecosystem token).

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37d ago

Summary

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Terms & Concepts

Stablecoin: A cryptocurrency designed to maintain a stable value, typically pegged to a fiat currency like the U.S. dollar.
Polygon: An Ethereum scaling network that uses sidechains and other tools to make transactions faster and cheaper.
On-chain transfer: A transaction recorded directly on a blockchain ledger, confirmed by network validators.