Polygon Daily Fees Surpass Ethereum as Polymarket Drives Layer-2 Growth

Polygon has recorded higher daily transaction fees than Ethereum for the first time, reflecting a surge in user activity tied largely to prediction market platform Polymarket.

Token Terminal data shows Polygon generated $407,100 in daily fees on Friday, compared with Ethereum’s $211,700. While the gap narrowed the following day $303,000 for Polygon versus $285,000 for Ethereum the brief flip marks a notable shift in network demand.

Polymarket Activity Fuels Layer-2 Expansion

Analysts attribute the spike to heavy trading on Polymarket, which runs on Polygon. Over the past week, the platform accounted for more than $1 million in fees on the network, significantly outpacing other decentralized applications.

In an X post on Monday, Matthias said;

Polygon has also reported strong stablecoin usage, with weekly USDC transaction counts reaching new highs. As prediction markets gain traction, the data suggests user activity is increasingly concentrating on cost-efficient Layer-2 networks rather than Ethereum’s main chain.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.