HomeAltcoin NewsVisa and Meta Bet on Polygon as POL Price Stalls

Visa and Meta Bet on Polygon as POL Price Stalls

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  • Polygon’s strong week included new integrations by Visa and Meta, as well as a new prediction market and native payments expansion.
  • POL’s sideways movement as it trades in a tight range fails to reflect the network’s growth.

Polygon recorded one of the strongest weeks at the end of April. A post shared by the team shows multiple developments across the ecosystem, cutting across institutional adoption, tech upgrades, and ecosystem expansion.

Institutional Adoption

Polygon has continued its impressive run in institutional adoption. Over the past week, it celebrated its integration into some of the biggest companies in the world.

Visa announced that it is adding Polygon to its global stablecoin settlement program. This brings visibility to the network and distinguishes it as a top settlement layer. This collaboration is expected to drive stablecoin volume and transaction fees on the network.

Meta, formerly Facebook, launched its USDC creator payout program on the Polygon network. As ETHNews reported, Meta has been planning a comeback in the sector after the collapse of its Diem stablecoin. Additionally, Modern Treasury confirmed that it was adding Polygon as a native payments rail in its API.

Tech Upgrades

During the week, the COCA wallet, which is built on the Polygon network, underwent a major update with bank accounts, instant APY, and more. SKALE network shipped Portal 5.1 with 1-click cross-chain bridging powered by Polygon Trails.

Prophet Market went live with V1 AI prediction markets on the Polygon network. Finally, Trails v1.5 shipped composable actions on cross-chain orchestration for the Open Money Stack.

Ecosystem Expansion

Confetti announced a weekly contest on Polygon, seeding $600 per week to players. Polygon stablecoin supply hit $4.3 billion for April, a 13.33% increase from the previous month.

These developments point to an emphasis by the network to dominate on-chain payments and become the settlement layer for the global financial infrastructure.

Polygon’s POL Fails to Match Ecosystem Developments

Polygon’s POL token has been posting mixed actions in 2026. But in the last 7 days, the token has posted a 5% return. At the time of writing, POL, which was formerly MATIC, is trading at $0.09660. Ranked 54th based on market cap, the coin, which was once a top ten occupant, has been facing immense pressure for the last couple of years.

Some analysts have argued that its technology was ahead of its time and has been underrated for years. With the growth of on-chain payments, it could become the financial backbone to power on-chain transactions.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: info@ethnews.com Phone: +49 160 92211628
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