Stablecoin usage on Polygon remains high, making it one of the primary chains for stablecoin transfers. However, its status has been affected by the shift towards newer Layer 2 (L2) chains like TRON, Solana, and BNB Smart Chain. Despite this, Polygon still sees significant inflows of bridged ETH and is among the top 5 most active chains in terms of inflows and outflows with Ethereum. The network has a large number of stablecoin wallets, surpassing Ethereum and Solana. Polymarket is a major contributor to the usage of stablecoins on Polygon. Polygon aims to regain its relevance by hosting AI agent launchpads and has also announced its Season 2 community grant, with a focus on AI projects. Despite the network's activity, the native POL token is showing weakness in its price.



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