Daily transaction fees on Polygon have for the first time exceeded those of Ethereum, according to data from Token Terminal.
BREAKING: @0xPolygon flipped @ethereum in daily transaction fees.
— Token Terminal 📊 (@tokenterminal) February 16, 2026
Daily transaction fees on Polygon surpassed $300k yesterday.
A chart to follow 👇 pic.twitter.com/D3DUCwdwn4
On February 14, the network generated $407,100 in transaction fees, while its competitor earned $211,700. The following day, the figures were $303,923 and $285,480, respectively.
Main Driver
Matthias Seidl, co-founder of the analytics platform growthepie, emphasized that the surge in activity on Polygon is largely driven by the prediction platform Polymarket.
More fees were paid on Polygon PoS than on Ethereum Mainnet 🤯
— matze | growthepie 🥧 (@web3_data) February 16, 2026
This is fully driven by Polymarket
-> see screenshots of app breakdown by fees paid https://t.co/EU5zDofxiO pic.twitter.com/toqo346VEs
According to him, the platform has generated over $1 million in fees for the blockchain in the past week. In comparison, the second-largest application in the ecosystem, Origin World, generated about $130,000.
The Polygon team also highlighted the spike in activity on Polymarket, noting that over $15 million has been wagered on the Oscar-themed market alone.
“Polymarket is becoming a cultural infrastructure. And Polygon is the network that underpins all of this,” they added.
Popularity of USDC
Some experts have also pointed to the increased use of stablecoins on Polygon, particularly USDC.
Last week in stablecoins on @0xPolygon was madness:
— Peter (📖, ✍️, 🔑) (@petertherock) February 16, 2026
→ Polygon reached a new weekly high of 28M @USDC transactions, surpassing Solana’s 22M to become the most active USDC chain across the ecosystem (h/t @AlliumLabs)
→ USDC transfers also hit a weekly record 103M, giving… pic.twitter.com/lUZ8vohyzx
The network set a new weekly record with 28 million transactions in Circle’s stablecoin, surpassing Solana. The number of transfers also reached a record 103 million.
Another important factor was the use of the x402 protocol. Polygon recorded the highest weekly volume of organic micropayments at $1.2 million.
The network also leads in x402 activity with 358,000 transactions over the past week.
As a reminder, in December, the Polygon team launched the Madhugiri upgrade, aimed at increasing blockchain throughput by 33% and reducing block consensus time to one second.