Polygon has surpassed Ethereum in daily transaction fees, driven by activity from Polymarket and increasing stablecoin transactions.
In a significant milestone, Polygon has outpaced Ethereum in daily transaction fees for the first time, as reported by Token Terminal.
BREAKING: @0xPolygon has surpassed @ethereum in daily transaction fees, hitting over $300,000 yesterday.
A detailed chart will follow 👇 pic.twitter.com/D3DUCwdwn4
— Token Terminal 📊 (@tokenterminal) February 16, 2026
On February 14, Polygon generated $407,100 in transaction fees, compared to Ethereum's $211,700. The next day, Polygon earned $303,923 while Ethereum garnered $285,480.
Key Drivers of Growth
Matthias Seidl, co-founder of the analytics platform growthepie, highlighted that the increased activity on Polygon is primarily fueled by the prediction market platform Polymarket.
More fees were accrued on Polygon PoS than on Ethereum Mainnet 🤯
This surge is entirely driven by Polymarket. See breakdown here.
— matze | growthepie 🥧 (@web3_data) February 16, 2026
Polymarket has generated over $1 million in fees for Polygon in the past week, significantly outpacing Origin World, the second-largest application, which produced approximately $130,000.
The Polygon team noted a substantial increase in activity on Polymarket, with over $15 million wagered on Oscar-themed markets alone, emphasizing the platform's growing cultural significance.
“Polymarket is becoming a cultural infrastructure. And Polygon is the network that underpins all of this,” the team remarked.
Rise of Stablecoin Usage
Experts have also pointed to the rising popularity of stablecoins on Polygon, particularly USDC. The network achieved a new weekly high of 28 million USDC transactions, surpassing Solana's 22 million, making it the most active USDC chain in the ecosystem.
Last week saw record-breaking activity with USDC on @0xPolygon: 28M transactions and a total of 103M transfers.
— Peter (📖, ✍️, 🔑) (@petertherock) February 16, 2026
Additionally, Polygon recorded $1.2 million in organic micropayment volume via the x402 protocol, leading the way with 358,000 transactions in the past week. The recent Madhugiri upgrade, launched in December, aimed to enhance blockchain throughput by 33% and cut block consensus time to one second, contributing to this surge in transaction activity.
