Polygon Hits Record 159.9 Million Weekly Stablecoin Transactions
Stablecoin activity, transaction volume, and active addresses rose on Polygon, while Polygon PoS checkpoints reached 100,000, according to founder Sandeep Nailwal.
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Terms & Concepts
- Stablecoin: A cryptocurrency designed to maintain a stable value, often by being pegged to a fiat currency such as the U.S. dollar.
- Polygon PoS: Polygon’s proof-of-stake blockchain network, which uses validators to secure transactions and process activity more efficiently.
- Checkpoint: A network state submission used to finalize and verify batches of blockchain data across connected systems.