Polygon (COIN: $POL) has had a strong rally this past week, gaining over 30% as the broader crypto market consolidates. Bitcoin ($BTC) is hovering around $90,500, while Ethereum is solidly above $3,000. Other crypto coins have seen minimal momentum.
What is Driving The Rise Of Polygon (POL)?
Polygon (POL) price movement has been driven by new updates from the developer team. Recently, the team launched the Open Money Stack, which is a payment infrastructure that is vertically integrated. Their model facilitates stablecoin transactions that can be used for real-life payments.
The Polygon Labs team states that the project included financial services, applications, payments, and blockchain rails. Another boost came when the network burned over 3 million POL, the biggest in its history, on January 5, 2026.
On-Chain Activity Rises
In 2025, Polygon broke new records in on-chain activity, with overall transactions exceeding 1.4 billion. This was the largest recorded number of transactions for the network in a year. The surge in activity signals that Polygon is rising in the ranks in the crypto world. Previously, it was mainly used for DeFi projects and NFTs. Since then, it has slowly shifted into an infrastructure layer that can support large volume global payment systems.
The growing transactions signal the growing relevance of the Polygon network in real-world use cases, especially for stablecoins. The Open Money Stack comes at an opportune time when Polygon is solidifying its reputation as a place for institutional payments. This is part of its repositioning towards utility for long-term value generation. This is even though POL is trading at a nearly 85% discount to its all-time high.
Growing Interest In Stablecoins
The Open Money Network comes amid rising interest in stablecoins. This is after the US provided regulatory clarity with the passing of the Genius Act in July 2025. Stripe, a leading fintech giant, is also working on blockchain-based payments via the Tempo platform. They plan to launch the platform later in 2026, with Klarna planning to use it to launch its own stablecoin.
Polygon (POL) Market Performance
As of Saturday, January 10, 2026, the price of POL is up 19.59% in the past 24 hours to $0.1809 per coin. Over the past week, the price has risen 57.15%, while over the past month, the price has risen 50.14%. Despite the recent gains, POL is still down 60.75% in the past 12 months.
Additionally, its price is an 85.77% discount to its all-time high of $1.29, which it reached on March 13, 2024. However, the price of POL has shown a remarkable resurgence since January 1, 2026, when it hit a new low of $0.09846. Since then, the price has rebounded 85.81%.
Is Now The Time To Buy POL?
Following the passing of the Genius Act in July 2025, various companies have been looking to position themselves favorably to benefit from the regulatory clarity. Polygon has the experience, brand recognition, and the technical team to make it a serious player in the stablecoin industry. With the launch of the Open Money Network, utility could potentially drive long-term growth for POL. As such, adding POL to your portfolio could potentially be a great long-term play.
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