Polygon reaches new record with $1.23 billion stablecoin swaps in June, Sandeep Nailwal notes

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Hanna Syniavska

02.07.2026

Polygon reaches new record with $1.23 billion stablecoin swaps in June, Sandeep Nailwal notes — Polygon overtakes Base for stablecoin swaps

Sandeep Nailwal, CEO at Polygon Foundation, highlighted that Polygon has overtaken Base to become the number two network for stablecoin swap volume on the 0x Project platform.

According to Nailwal, Polygon recorded $1.23 billion in swap volume in June, setting a new all-time high. He commented that despite the strong growth, there is limited discussion in the crypto community about these achievements.

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Nailwal previously urged the crypto community not to underestimate Polygon, suggesting that recognition of the network’s achievements may be forthcoming in a recent post. He has also drawn attention to Polygon’s net deflationary status, with 107 million POL burned in 2026 and the network leading May transaction volume at 198 million, according to earlier statements. Polygon’s recent growth in swap volume follows these earlier milestones.

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