Polygon’s rally kept running, with POL extending the move that began on Jan. 1. The token has risen every day this year, according to the report, and is hovering near its highest level since Nov. 11. From its lowest point this year, the token is up by more than 80%.
The rebound follows a deep slide. POL had dropped 66% from its September peak to its December low, a period when Polygon was losing market share to rival layer-2 networks such as Base, Optimism, and Arbitrum. The latest move has shifted attention back to network data instead of that earlier decline.
Token burns and fees have moved sharply higher
One of the main drivers cited in the report is the acceleration in POL burns. Network data shows Polygon has burned millions of tokens this year alone, a figure described as well above what it burned in 2025. That change in supply dynamics has arrived at the same time as stronger activity across the chain.
Fees have climbed as well. Data compiled by DeFi Llama shows Polygon has generated $1.7 million in fees this year. Monthly figures in the article put fees at $691,091 in December, $928,335 in November, and $538,231 in October. The increase suggests usage has remained firm while the token recovered.
DEX volume, stablecoin activity, and payments use are all in focus
Trading activity on the network has also picked up. Polygon’s decentralized exchange volume rose to more than $246 million on Sunday, slightly above the previous day’s $245 million. Its volume for the current month has already passed $2.28 billion, and the article says that pace would put it above the $5.89 billion handled last month.
The report also points to Polygon’s presence in payments. Stripe, Revolut, and Shift4 Payments are listed among the companies using the network. In prediction markets, Polygon remains the blockchain behind Polymarket. Those use cases do not guarantee price direction, but they help explain why several on-chain metrics have been rising at the same time.
Chart setup puts $0.20 in view while $0.1500 stays critical
On the daily chart, POL rebounded from $0.098 on Jan. 1 to $0.18. The token has moved above the 38.2% Fibonacci retracement level and above the bottom of the Murrey Math Lines trading range. It is also holding above its 50-day and 100-day exponential moving averages.
The article adds that the Average Directional Index has stayed above 50, a reading that points to a strengthening trend. Based on that setup, the next key upside level is seen at $0.20, slightly above the major Murrey Math Lines S/R pivot. A drop below $0.1500 would invalidate that bullish view.