Polygon ends the month of May on a high note even as POL is testing a major resistance level, the 50-day moving average, once again.
The month of May has been a record-setting month for the Polygon network. Ending the month with 244 million transactions, May 2026 became the network’s 3rd best month ever by transaction count. The rise of the transactions since November 2024 has not been gradual, but it has been parabolic.
As shown in the X post below, the transactions increased from below 100 million to 300 million before falling slightly last month to 244 million.
Polygon’s blocktime reduction pays off
The Polygon network was able to achieve this mammoth figure after they reduced their mainnet block time from 1.75 sec to 1.5 sec during the second cut since genesis. The upgrade enabled transactions to be processed faster, improving the user experience and increasing the network’s overall throughput. With greater capacity and quicker confirmations, Polygon became more efficient for both users and decentralized applications, which likely contributed to the surge in monthly transactions.
Polygon trumps BNB, Solana and Tron networks in USD-stablecoin transactions.
With the block time reduced, the network also reached a new monthly high in May 2026, processing over 197 million USD-based stablecoin transactions. The network surpassed all other large networks, including BNB, Solana, and Tron. For the month of May alone, about $79.25 billion in stablecoin volume was processed on Polygon.
Supported by payment applications like Stripe, Meta, and Modern Treasury, Polygon’s venture into payment partners has started to pay off. The peer-to-peer payment volumes grew by 24% in May to a record $8.06B.
POL stagnates as on-chain activity fails to reflect on prices
Despite all the achievements in May, the prices, which gained some momentum at the beginning of May, have started to wane. When May began, the POL crossed above the 50-day moving average and gained a lot of ground as it hit values close to $0.10. rising from $0.090. Although the price spike was not extraordinary, breaking the 50-day MA was still a significant event.
However, in the second half of the month, prices seem to have lost the steam they had in the initial stages. All throughout the second half of the month, the coin tested the 50-day MA but was unable to break above it, as the bears fiercely defended this level.