For the first time, daily transaction fees on Polygon have exceeded those of Ethereum, according to data from Token Terminal.
BREAKING: @0xPolygon flipped @ethereum in daily transaction fees.
Daily transaction fees on Polygon surpassed $300k yesterday.
A chart to follow 👇 pic.twitter.com/D3DUCwdwn4
— Token Terminal 📊 (@tokenterminal) February 16, 2026
On February 14, the network collected $407,100 in transaction fees, while its competitor garnered $211,700. The following day, the figures were $303,923 and $285,480, respectively.
Key Driver
Matthias Seidl, co-founder of the analytics platform growthepie, highlighted that the surge in activity on Polygon is entirely driven by the prediction platform Polymarket.
More fees were paid on Polygon PoS than on Ethereum Mainnet 🤯
This is fully driven by Polymarket
-> see screenshots of app breakdown by fees paid https://t.co/EU5zDofxiO pic.twitter.com/toqo346VEs— matze | growthepie 🥧 (@web3_data) February 16, 2026
According to him, the platform has generated over $1 million in fees for the blockchain over the past seven days. In comparison, the second-largest application in the ecosystem, Origin World, generated about $130,000.
The Polygon team also highlighted the spike in activity on Polymarket. Developers noted that more than $15 million in bets were placed on a single Oscar-related market.
“Polymarket is becoming cultural infrastructure. And Polygon is the network underpinning all of this,” they added.
USDC Popularity
Some experts have also noted the increased use of stablecoins on Polygon, particularly USDC.
Last week in stablecoins on @0xPolygon was madness:
→ Polygon reached a new weekly high of 28M @USDC transactions, surpassing Solana’s 22M to become the most active USDC chain across the ecosystem (h/t @AlliumLabs)
→ USDC transfers also hit a weekly record 103M, giving… pic.twitter.com/lUZ8vohyzx
— Peter (📖, ✍️, 🔑) (@petertherock) February 16, 2026
The network set a new weekly high with 28 million transactions in Circle’s stablecoin, surpassing Solana in this metric. The number of asset transfers also reached a record 103 million.
Another significant factor was the use of the x402 protocol. Polygon recorded the highest weekly volume of organic micropayments at $1.2 million.
The network also leads in x402 activity with 358,000 transactions over seven days.
Back in December, the Polygon team deployed the Madhugiri update. The upgrade aims to increase the blockchain’s throughput by 33% and reduce block consensus time to one second.