Crypto Pulse

Check out this guy. As a rule, I don’t take DMs on this app seriously. It’s a shame @X lets individuals like this operate in their platform.

Stablecoins aren’t “moving around wallets” on Polygon. They’re moving through applications that depend on the network for settlement. Here’s the evidence. This chart tracks payment app transfer volume on Polygon PoS. Not DEX churn. Not internal shuffling. Actual flows through fiat on/off-ramps, payment processors, and merchant tools. Look at the composition. @aveniaio Pay alone pushed more than $500M in a single month. @Paxos, @Revolut, Coinflow, Cobo, Rain, Lemon Cash, Bitso, and dozens of others are layered on top of that. Each one represents a real business using Polygon as the backend for deposits, payouts, payroll, and cross-border movement. That is what an on/off-ramp looks like at scale. Money enters through regulated apps. It settles on Polygon. It exits through banks, fintechs, and payment companies that tap into PoS for speed and cost efficiency. The pattern is even clearer when you zoom out. This isn’t a one-off spike. It’s a steady ramp from early 2024 through 2025, with monthly volumes now pushing toward the billion-dollar range across the stack of apps. The takeaway is simple. Polygon is not just a chain with high transaction count. It is the infrastructure layer these payment companies rely on for real settlement. On/off-ramps are being built at the application level, not the protocol level. @0xPolygon is where those applications transact. If you want to understand where stablecoin utility is actually happening, follow the payment apps. November txns highlighted below 👇 courtesy of research done by @obchakevich_

As a long term supporter and ofc shilling $FTM / $S for years I have to share my opinion about the current state. It was all over the TL that @AndreCronjeTech changed his Bio and deleted his Medium articles. Many know that I also was very critical over the last 12 months which Andre didn’t like which ended up with blocking, followed by conversations and kind of finding a way to keep things the good way. This is no d!ck sucking to Andre by the way but I believe to understand what is going on here. Many don’t know, $FTM was there before Andre, they raised 20-40M promising to create the Fantom Blockchain. Andre came in and actually created the EVM Fantom Blockchain, outperforming Eth by far and than the DeFi part started in 2021 which ofc had hick ups. Mercedes Benz tests cars 5 years before they go to market, in DeFi we had 5 weeks and now 5 days if not 5hrs so ofc there will be bugs. Long story short, many people took advantage of $FTM and cashed out Millions in 2021 and some milked the protocol even harder while certain trials with Countroes fell apart due to war situations. While Luna and FTX collapsed also $FTM collapsed and the entire ecosystem. Been in a very bad bear market @AndreCronjeTech and @michaelfkong with Schulz came together to develop the next next stage, the fastest Blockchain in the World. Launched end of 2024 Sonic arrived with a rebranding from Fantom to Sonic and we got $S for $FTM While $FTM was on major exchanges the transition was very difficult and the migration didn’t go well which ofc had a price impact. $FTM was trading in November 2024 at around $1.40. Long story short, eco system strifed for a while bit the $S price were tanking and people started to critize Andre, including me. A year later, $S is trading below 10c and people still blame Andre while he said for years now, that he is not the main guy and helped with the tech. So instead of giving him shot the question is, who is running the previous Fantom and now Sonic Foundation. @michaelfkong stepped down as CEO and was replaced with @MitchellDemeter which has not really a clue of the tech while running the Sonic Strategy on the “famous”Canadian Exchange. So what is the qualification here? What is the qualification of the BD Sam and who has any qualification at all on Sonic Labs? That said, I understand Andre for pulling out since there moght be no future for Sonic as a Chain and clearly not for @SonicLabs RIP $FTM and $S Really had conviction.

Make sure to give @ResonanceFund a follow 📱 Resonance was launched by @CMCC_Global, one of Asia’s most established crypto-focused venture firms. Learn more by watching their keynote from Sonic Summit Singapore below 👇

Curve and Uniswap used to dominate the AMM market, so Andre Cronje dropped Solidly and ve(3,3) Uniswap launched to take a fraction of the market out of Binance/Coinbase. Opensea and Rarible used to control the NFT marketplace. Then came Blur and Magic Eden. Crypto is full of these stories, and it got me thinking: @Polymarket and @kalshi control the prediction markets. Which project will compete with them? We’re SO early here. Will it be @pmx_trade? @truemarkets? @combinatortrade? Did I miss someone?

USDC still dominates Polygon stables, but @MakerDAO's DAI has increased throughout the year. Interesting, considering the token's ecosystem rebranded completely to @SkyEcosystem and has a new stablecoin, USDS, which isn't even on @0xPolygon. Transactions are picking up. What's going on?