Polygon sees surge in small-value transactions under $100

Half of all payment transactions on Polygon (POL) are now small-value payments between $10 and $100, according to Leon Waidmann, head of research at Onchain Foundation. In a post on X, Waidmann stated that Polygon is establishing itself as a core payment infrastructure for crypto cards and PayFi applications. He noted that in November, the number of these small-scale transactions surpassed 500,000, marking a 23% increase from the previous month. The data was compiled from major payment service providers, including Coinbase Commerce, MoonPay, Revolut, and Paxos.