Polygon Surges 8 Days Straight, Hits $0.13 as Open Money Stack Unveils Payments Pivot

Polygon Surges 8 Days Straight, Hits $0.13 as Open Money Stack Unveils Payments Pivot

N
News Editor 01
2026-07-23 10:10:15
Polygon (POL) notched an eighth consecutive daily gain, climbing above $0.13 with a 20% rebound from its yearly low. On-chain metrics surged: transactions up 20%, active addresses up 28%. The network launched Open Money Stack, a modular payment infrastructure, and rebranded as a payments company. Supertrend turned bullish for the first time since August.
PolygonPOLOpen Money Stackstablecoinspayment infrastructure

Polygon’s native token POL extended its winning streak for an eighth straight session, reaching $0.1300 — its highest level since December 2. The rally lifted the token more than 20% from its 2026 low, even as most other major crypto assets continued to slide.

On-Chain Metrics Surge: 20% More Transactions, 28% More Active Addresses

Data from Nansen shows Polygon’s transaction count jumped 20% in the past 30 days to 178 million. Active addresses rose 28% to over 16 million, while network fees doubled to $1.7 million. Higher fees boosted the POL burn rate to over 5 million tokens this week, reducing circulating supply.

Polygon’s ecosystem benefits from deep partnerships: it works closely with prediction-market giant Polymarket (recently valued at $11 billion) and has been selected by fintech leaders Stripe, Shift4 Payments, and Revolut (valued at $70 billion) as their preferred Layer-2 network.

Technical Signals: Supertrend Turns Green for First Time Since August, RSI Nears 70

The daily chart shows POL has reclaimed the 50-day Exponential Moving Average (EMA). More importantly, the Supertrend indicator turned green for the first time since August 2025 — a widely recognized bullish signal. The Relative Strength Index (RSI) is climbing toward the overbought threshold of 70.

If the uptrend holds, bulls are targeting the next major resistance at $0.2000, implying a potential 52% gain from current levels. However, a breakdown below the $0.1020 support would invalidate the bullish case and open the door to further declines.

Open Money Stack: Modular Payment Infrastructure for Compliant Stablecoin Settlement

Polygon Labs unveiled the Open Money Stack — a modular, chain-neutral payments infrastructure that bundles onchain settlement, liquidity, orchestration, and compliance into a single system. Set to launch later this year, the stack is designed for fintechs and financial institutions to adopt on a modular basis, reducing complexity and time-to-market.

The infrastructure aims to enable fast, low-cost cross-border payments while shielding users from blockchain friction such as bridging, swaps, or gas fees. Polygon Labs argues the timing is critical as stablecoins become a core settlement layer for global payments and regulators move toward compliant tokenized-money frameworks. Citi estimates stablecoin issuance could reach $1.9 trillion to $4 trillion by 2030, requiring open, interoperable infrastructure.

Polygon points to its existing footprint: onchain stablecoin supply hit $3.3 billion at end of 2025, a three-year high, and the network already handles trillions of dollars in stablecoin transfers across real-world use cases. The company says this production-level experience backs the Open Money Stack design. As part of the strategic shift, Polygon is formally repositioning itself as a payments company, with a rebrand expected in the coming weeks to reflect a fintech- and institution-focused strategy.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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