Polygon Hits 94M Stablecoin Transfers Can POL Reach 0.1?

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Polygon has reached a major milestone, recording 94 million stablecoin transfers the highest among major blockchains. Backed by 5.2 million addresses and a total stablecoin supply of 3B, this surge reflects strong growth in on-chain liquidity and trading activity. The network also processed over 32B in adjusted transaction volume, showing rising user engagement.
Increased usage has boosted Polygon s revenue, generating around 4M in fees over the past month. Part of this income has been used for token burns, with 28.9M POL already removed from circulation. While token burning reduces supply and increases scarcity, current levels remain insufficient, as the Stock-to-Flow Ratio continues to decline.
Despite strong network fundamentals, POL s price remains under pressure. The token is trading near 0.092, down over 40 monthly, and sits below all major moving averages. Technical indicators, including a negative Stochastic Momentum Index, suggest that sellers still dominate the market.
If bearish momentum continues, POL may fall toward 0.08 0.09. However, if rising activity and token burns translate into real demand, the token could reclaim 0.108 and target 0.13 next. The key question remains: will network growth finally reflect in POL s price?