Dashboard · VantagePlanned

Polygon Stablecoin Payments: Volume, Senders and Sizes

How much stablecoin payment volume moves on Polygon PoS?

Stablecoin payments on Polygon PoS: USDC and USDT transfer volume, counts and senders, with the share moving in payment-sized amounts.

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Blueprint

What the dashboard will show.

The dashboard as it will open in Vantage. Each figure is named here and arrives with its receipt; until its data is published, its place stays empty.

  • Stablecoin
  • Period

Volume

Daily stablecoin transfers, volume and senders on Polygon PoS.

Transfer volume, latest day

USD

Stablecoin value transferred on Polygon PoS on the latest complete day, every leg included.

Figurestablecoin_flows_dailyAwaiting data

Payment-like volume, latest day

USD

The same day's volume after setting apart DEX, bridge and exchange-internal legs.

Figurepayments_volume_dailyAwaiting data

Transfers, latest day

count

Stablecoin Transfer events on Polygon PoS on the latest complete day.

Figurestablecoin_flows_dailyAwaiting data

Senders, latest day

count

Distinct addresses that sent USDC, USDC.e or USDT on the latest complete day.

Figurestablecoin_flows_dailyAwaiting data

Volume by token by day

USD

Daily transfer volume of native USDC, USDC.e and USDT, with payment-like volume drawn as a line over the bars.

Stacked barsstablecoin_flows_dailyAwaiting data

Payment sizes

Payment-like transfers by size band and token.

Payment-like share of transfers

%

Payment-like transfers as a share of every stablecoin transfer over the selected period.

Figurepayments_volume_dailyAwaiting data

Median payment size

USD

The median value of payment-like transfers over the selected period.

Figurepayments_volume_dailyAwaiting data

Payments by size band

Payment-like transfers over the selected period, split into the fixed USD size bands.

Donutpayments_volume_dailyAwaiting data

Size bands by day

count

Daily payment-like transfer counts in each size band, so a shift between retail and business sizes shows over time.

Stacked areapayments_volume_dailyAwaiting data

Stablecoin
USDC, USDC.e, USDT or all three
Period
Last 30 days, quarter or year
About

What it answers, and for whom.

Polygon PoS has positioned itself as a chain for payments, and stablecoins are what those payments move in. This dashboard measures that activity each day, from the volume of USDC and USDT moved and the number of transfers and senders to the share that moved in payment-sized amounts rather than as trading or treasury flows.

Not every transfer is a payment. Swaps, bridge moves and exchanges shuffling funds between their own wallets all emit the same Transfer event, so the dashboard labels those legs and sets them apart, then groups what is left by transfer size.

Native USDC, the older bridged USDC.e and USDT are kept apart, because they are different contracts with different backing. Each figure names the blocks and the transfers it was counted from.

Method

How it will be measured.

Every figure will be read at a block, kept with its source and its exact read, and open a receipt anyone can re-check.

How receipts work →
  1. Transfers are ERC-20 Transfer logs of native USDC, bridged USDC.e and USDT on Polygon PoS, summed per UTC day into counts, volume and distinct senders.
  2. Legs that touch labelled DEX pools, routers, bridges or an exchange's own wallets are set apart as trading or internal moves; the rest count as payment-like.
  3. Payment-like transfers are grouped into fixed USD size bands, from small retail amounts to large treasury moves, the same bands used on every chain.
  4. Supply is totalSupply() of each token at the day's last block, kept per contract, so native and bridged versions are never added together.

The data it needs

Read from chain state and history

  • stablecoin_flows_dailyTo buildStablecoin mints, burns and transfersStablecoin mints, burns, transfer volume and active addresses per stablecoin and chain per day.
  • stablecoin_supply_dailyPublishedStablecoin supply by token and chainNative supply of each USD and EUR stablecoin on each covered chain at the chain's last block of each day, from totalSupply() reads, with bridged copies kept apart.
  • payments_volume_dailyTo buildPayments on-chainStablecoin payment flows that look like payments rather than trading: merchant and payroll transfers, card settlements and remittance corridors, per chain and day.
  • address_labelsTo buildAddress labelsLabels for known addresses: exchanges, bridges, protocols, funds, treasuries, sanctioned addresses and known attackers.
  • ERC-20 Transfer logs of native USDC, bridged USDC.e and USDT on Polygon PoS
  • Daily transfer count, volume and distinct senders per token
  • Address labels for DEX pools, routers, bridges and exchange wallets
  • Transfer size bands as a payments proxy
  • totalSupply() of each token at each day's last block
Questions

Questions people ask.

Which stablecoins are on Polygon PoS?

The main ones are native USDC issued by Circle, the older bridged USDC.e and USDT, which became USDT0 at its original contract address. The dashboard tracks each contract separately.

How do you tell a payment from a trade?

By what is on the other side. Address labels set apart transfers to and from DEX pools, routers and bridges, as well as moves between an exchange's own wallets. What remains is counted as payment-like, and its size bands separate retail amounts from business ones.

Why is raw transfer volume not used?

Raw volume counts every movement, including bots and contracts passing the same funds back and forth many times a day. Setting apart trading and internal legs gives a figure closer to money that actually changed hands.

What is the difference between USDC and USDC.e on Polygon?

USDC is issued directly on Polygon PoS by Circle. USDC.e is a bridged copy of Ethereum USDC, created by the bridge before native issuance began. They are separate tokens, and the dashboard keeps them apart.

Payment-like transfer
A stablecoin transfer that touches no DEX, bridge or exchange-owned wallet, as identified by address labels.
USDC.e
A bridged copy of Ethereum USDC on another chain, separate from natively issued USDC.
Size band
A fixed range of transfer values in USD, used to group transfers by size the same way on every chain.

Build Polygon Stablecoin Payments: Volume, Senders and Sizes on verified data.

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