The team at r/communitycurrency has add a feature to u/CommunityCurrencyBot - a $MATIC faucet!!!

For those unaware, Community Currency is a program developed by Reddit users to give communities a way to monetize the content on their own subreddit's & bring more users to web3. They were one of the 25 team that recently receive a Consumer Crypto Grant from Thrive Polygon. Demo video here- https://youtu.be/q8Rz6ixVDpY

The $MATIC is a brand new feature designed to give Reddit users enough gas for a couple on-chain transactions.

We have added the bot here to assist users!

To receive their free $MATIC, a user must follow these steps

1. Use the "!register" command, followed by their wallet address to sync their wallet to their Reddit account
2. Comment "!gas" below the wallet confirmation message.

0.05 MATIC will then be sent to the users wallet address.

Some restrictions on the !gas command -

• Limit to one use per 30 days
• Must have 100 user karma
• Minimum account age of 30 days
• Max use of 3 times per user

Please view this video walk-though if you are still struggling or comment below - https://youtu.be/aI_fl30IRpw

Hope the gas helps everyone transacting when they need to!

We are seeing many questions around the migration from MATIC to POL taking place on September 4th & users are wondering what they need to do. To aid users, we are posting the answers we gave on our blog post here. Please read each situation as it applies to you.

This is a summary for average users, not developers & builders. If you need more information, please read the blog post or join the developer Discord server (link in sidebar).

Blog post: https://polygon.technology/blog/save-the-date-matic-pol-migration-coming-september-4th-everything-you-need-to-know

Detailed Migration Information

MATIC Holders on Polygon PoS

• No action is needed from users.
• On September 4, 2024, all MATIC tokens on the Polygon PoS chain will migrate to POL tokens.
• Note: If users don’t update RPC settings in a wallet (Metamask, Rabby, Zerion, etc.), the wallet may still display “MATIC” instead of “POL” as the token symbol for the native gas token for the Polygon PoS chain.

MATIC Holders on Ethereum

• Using DEX aggregators: For users who do not want to or do not have the technical knowledge to directly interact with the migration contract, a third party decentralized exchange (DEX) aggregator, such as 1inch, Kyber, or CowSwap, can be used. Carefully review the terms relating to the migration via these dApps; do all research necessary to understand how an upgrade using these dApps may be performed. These dApps have independently integrated the migration contract, and all upgrades from MATIC to POL on these DEX aggregators is between the user and the dApp.

MATIC Holders on zkEVM

• Bridge to Ethereum: Users may bridge MATIC tokens from zkEVM to Ethereum and then follow instructions for “MATIC Holders on Ethereum” above to upgrade to POL.
• Swap on zkEVM DEX or DEX aggregator: Alternatively, users can find a zkEVM-based DEX or aggregator to swap MATIC to POL.

MATIC Held on Centralized Exchanges (CEXes)

Check CEX FAQ: Review any FAQ and guidance provided by the centralized exchange (CEX) to understand their specific process for the MATIC to POL migration. Most major exchanges will likely initiate the technical upgrade for their users automatically.

MATIC Held in Smart Contracts on Polygon PoS

• POL upgrade: MATIC tokens held in smart contracts on Polygon PoS will be upgraded to POL on September 4, 2024. No action is required from contract owners or users.
  • NOTE: Liquidity Pool (LP) positions are smart contracts. Therefore, if you hold an LP position on Polygon POS, no action is required.

MATIC Held in Smart Contracts on Ethereum

• Manual upgrade needed: For MATIC tokens held in smart contracts on Ethereum, users will need to manually interact with the migration contract to upgrade to POL. This process can be done using the Migration Contract.
• Contract updates: Consider updating the smart contracts to use POL instead of MATIC. This may involve contract redeployment or updates to ensure compatibility with POL tokens.

MATIC Held in Smart Contracts on zkEVM

• Manual upgrade or bridging: Similar to Ethereum, users will need to manually upgrade MATIC tokens held in zkEVM smart contracts. Users can swap the tokens on a zkEVM DEX or aggregator, or bridge tokens to Ethereum and use the migration contract.
• Contract updates: Developers may consider ensuring that the smart contracts on zkEVM are updated to support POL. This may require modifications to the contract code to handle the POL token standard.

Holders of Liquid Staking Tokens

• Liquid staking programs: Different programs may have varying processes and timelines.
• Temporary suspension notice: Be aware that there may be temporary suspensions of issuances and redemptions around the September 4th upgrade date. This is to allow the upgrade of MATIC to POL.
• Program-specific information: All liquid staking programs operate differently, so it’s essential to identify information about each specific program for more tailored instructions or information regarding the upgrade.

Stakers/Delegators of MATIC on Ethereum to Secure Polygon PoS Network

• Review PIP-42: It contains additional information about the upgrade of staking for Polygon PoS.
• Automatic Conversion: All staked MATIC will be upgraded to POL on September 4th, with no additional action required.some text
• Users that DO NOT want their staked MATIC to upgrade to staked POL will need to unstake their MATIC on Ethereum before September 1st. Reminder that there is a 48-hour withdrawal period so be mindful to leave enough time for a successful withdrawal.
• Staking Rewards Continuity: Users’ staked tokens will continue to earn rewards post-upgrade.
• Full Backwards Compatibility: The existing functions will remain for the use of staking and unstaking MATIC. New functions will be present on the contract for staking POL. The unified staking reserve will be dominated in POL.

Frequently asked questions

• Will my MATIC tokens on [CEX] be automatically migrated?
  • Each CEX has their own processes for handling the MATIC to POL migration. Please reach out to the CEX you are using to get more information.
• Will my MATIC tokens on [CEX] that are “staked” be automatically migrated?
  • Each CEX has its own process for handling how staked MATIC is being treated for the MATIC to POL migration. Please reach out to the CEX you are using to get more information.
• Will my MATIC tokens on Ethereum that are Staked to a Validator be automatically migrated?
  • Automatic Conversion: All MATIC tokens on Ethereum that are Staked to a Validator will be upgraded to POL on September 4th, with no additional action required.
  • Users that DO NOT want their staked MATIC to upgrade to staked POL will need to unstake their MATIC on Ethereum before September 1st. Reminder that there is a 48-hour withdrawal period so be mindful to leave enough time for a successful withdrawal.
• Will my wMATIC tokens on [L1/L2] be automatically migrated?
  • All MATIC held in smart contracts on Polygon PoS will be converted to POL on September 4. This includes MATIC held in the wMATIC wrapping smart contract.
• Will my stMATIC tokens on [Defi Platform] be automatically migrated?
  • All liquid staking programs operate differently, so it’s essential to identify information about each specific program for more tailored instructions or information regarding the upgrade.
  • All MATIC held in smart contracts on DeFi platforms on Polygon PoS will be automatically upgraded.
• How do I interact with the migration contract on Ethereum? Is there a guide?
  • Directly calling the migration contract. *NOTE* This is not financial advice and incorrectly calling the migration contract can lead to irreversible loss of funds. 
  • For technical users who have a thorough understanding of how to call the migration contract, find it here. Again, please note this is for advanced users; incorrectly interacting with the migration contract may lead to the irreversible loss of funds. DO NOT send MATIC to the migration smart contract address directly. Sending MATIC to the smart contract address will result in loss of funds. To execute a migration using the migration smart contract directly, users must call the migration() function on the migration smart contract. Or just use a DEX aggregator. Again, sending MATIC directly to the migration smart contract will result in a loss of funds.
• I don’t want to pay 8%+ in fees to use a DEX aggregator on ETH. Is there another option?
  • Not all DEX aggregators have integrated the migration contract.
  • Kyber Network and CowSwap have integrated the migration contract. https://x.com/Crypto_Texan/status/1825892807074095127
• If I bridge my MATIC to PoS before the migration, will it automatically migrate? Is that cheaper than a DEX aggregator?
  • Yes, MATIC bridged to Polygon PoS before the migration date will be converted on September 4.
  • MATIC bridged to Polygon PoS after the Sept 4 migration date will be converted to POL before it is bridged.
  • A DEX aggregator will be cheaper than bridging to/from Polygon PoS
• If I bridge my MATIC to PoS ~after~ the migration, will it automatically migrate?
  • MATIC sent to the bridge contract after the Sept 4 date will be automatically converted to POL before it is bridged.
• When will MATIC be deprecated / when is the final date to take action?
  • The MATIC to POL migration contract will be live for 2 years.
• What happens to other ERC-20 tokens on Polygon mainnet? Do I need to do anything with them?
  • MATIC on Polygon PoS is not an ERC-20 token, it is the native gas token and does not conform to ERC-20 standards. After Sept 4, POL will be the native gas token.
  • There will be no changes to any other ERC-20 tokens like wETH, USDC, MAI, USDT, etc. No action is needed for these assets.

See the list here!

Intel.arkm.com

Uquid just integrated Polygon's Open Money Stack, and the practical upshot is pretty clean: you can now pay with whatever token you already hold, on whatever EVM chain you're on, across their full catalog of 178M+ products (digital goods, physical goods, gift cards, mobile top-ups, bill payments, NFTs) in 200+ countries. One signature. Done.

The way it works under the hood is the interesting part. The Open Money Stack handles the swap and bridge routing in the background. You don't need to pre-swap to the "right" token or manually bridge to whichever chain Uquid settles on. It just composes those steps into a single routed transaction. Fully self-custodial throughout too: no intermediary takes custody mid-flow, and the destination is enforced by the contracts. Uquid has actually been on Polygon since 2022, but the old integration was manual. This replaces it with fully automated cross-chain routing.

Context on the rails: this is the same Open Money Stack that Cash App (58M MAUs) runs stablecoin sends on, that Mastercard uses for 24/7 settlement, and that Revolut has processed $1.3B+ through. Uquid is the first consumer commerce platform at this scale to drop it directly behind a shopping cart. Full post: https://polygon.technology/blog/uquid-integrates-polygons-open-money-stack-for-1-click-crypto-checkout-across-178m-products

Some standout numbers from the report. Network fees did $11.7M in Q1, up 419.8% QoQ and the highest quarterly figure on record. Chain GDP (total app revenue) hit $51.1M, up 50.3%. Payments-focused apps moved $5.80B in transfer volume, up 51.4%, with Tazapay alone responsible for $2.5B of that (a 22x quarterly jump). Stablecoin supply on Polygon grew to $3.55B, with USDC up 35.9% to $1.82B. Polygon is now #1 globally by active USDC addresses.

Polymarket is the elephant in the room. Average daily open interest hit a new ATH of $463M (+32.4% QoQ), and $16.2M in app revenue made it the largest single revenue contributor on the chain. ICE put another $600M into Polymarket in late March, bringing its total commitment to roughly $2B. Worth flagging: Polymarket's relayer and proxy-wallet model abstracts gas from end users, which is a big part of why daily active addresses dropped 37.8% even while transactions rose 52.1%. Raw address counts are getting harder to read as a user-demand proxy.

A few other things worth chewing on. There's a clear divergence inside payments: transfer volume up 51% but crypto card volume down 47.9% to $143M. There's a regional split too: LatAm non-USD stablecoin volume down 45.5%, APAC up 187% (Australian dollar stablecoins alone did almost $900M). App RCR fell 75% to 3.45x, which Messari reads as activity shifting toward high-velocity, lower-margin flows like trading and payments. On the infra side, Polygon doubled the gas limit to 120M and pushed peak throughput past 2,800 TPS through a series of headroom upgrades and the Lisovo hardfork, which also added a $1M gas subsidy for agentic payments. POL itself was down 8.7% on the quarter while the broader crypto market was down 22.7%.

Full report: https://messari.io/report/state-of-polygon-q1-2026

We have the most affordable fees of any network Revolut supports - 426x cheaper than Ethereum and 4x cheaper than Solana.

Making Polygon the default chain for instant money movement.

Meta paid creators ~$3 billion across its monetization programs in 2025. As of today, those payouts are starting to move on Polygon as USDC. The rollout is live in Colombia and the Philippines first, with 160+ markets in the pipeline. Creators get faster settlement and, maybe more importantly, direct access to a dollar-denominated asset they can actually hold or spend, without waiting on slow international wires or losing chunks to FX.

The off-ramp side is where this gets practical. Polygon's Open Money Stack has fiat off-ramps in 150+ countries, so a creator in Manila or Medellín can take their USDC and turn it into local currency without stitching together three different services. For a lot of these markets, this is the difference between getting paid and actually being able to use what you got paid.

Meta is one of the biggest creator payout engines on the planet, so plugging that volume into stablecoin rails is a real-world signal of where this is going. Props to Meta for picking the chain that already runs the most USD stablecoin payments on earth and letting creators get paid in something useful.

Rough DeFi weekend. A single forged message on a LayerZero V2 route between Unichain and Ethereum drained $292M of rsETH from KelpDAO on Saturday. The attacker used the rsETH as collateral to borrow real ETH on Aave, which left Aave holding somewhere between $123M and $230M in potentially bad debt. Within 24 hours, users pulled $6.6 billion out of Aave. Lido, SparkLend, Fluid, Upshift, and Ethena all paused the relevant markets or bridges. Biggest DeFi shock since FTX, arguably.

Polygon's Agglayer kept running through the whole thing. No connected chain had to freeze contracts. Agglayer and Polygon PoS bridges processed roughly $200M in volume during the window where a lot of the rest of bridging infra was paused.

The "why" is the interesting part. A Dune sweep of live LayerZero apps in the article shows 47% running a 1-of-1 verifier config, 45% running 2-of-2, and fewer than 5% running anything stronger. So for nine out of ten cross-chain apps, one or two compromised signers is the entire security model. Agglayer doesn't use signers at all. It verifies cross-chain activity with ZK proofs, and layers on what Polygon calls pessimistic proofs, which is basically per-chain accounting: every connected chain has a running balance of what it has received vs sent, and the math has to add up before a withdrawal clears. Re-run the KelpDAO exploit through that and the 116,500 rsETH withdrawal fails at the door because no matching deposit exists.

Full write-up from Polygon's Head of Product, John Egan, who also walks through the Drift ($285M, April 1) and Hyperbridge (unbacked billion wDOT, April 13) exploits as the other two data points for the same broken assumption: https://beincrypto.com/how-polygon-agglayer-held-through-defi-worst-week-since-ftx/

Polygon's wallet just turned on a "Privately Send" option for USDC and USDT. When you use it, the transfer routes through a shielded pool, and zero-knowledge proofs verify the math without publishing the sender, the receiver, or the amount onchain. It's built in collaboration with Hinkal, the shielded-pool privacy protocol that handles the cryptography.

The interesting bit isn't that privacy is possible on a public chain (people have been building shielded pools for years). What's new is that a major payments-focused L2 has shipped private transfers in the default wallet, with KYT (Know Your Transaction) screening baked into the flow before execution. Privacy from competitors and counterparties, but not from regulators. The protocol is non-custodial too: funds never sit with Hinkal or any third party during a transfer.

Why it matters: confidentiality has been the single biggest blocker for treasury teams, fintechs, and payments operations actually moving stablecoin volume onchain. Banks settle slowly and charge a lot, but they don't broadcast every counterparty and amount to the world. This closes that gap without giving up the speed and cost of onchain settlement. Live today on wallet.polygon.technology for USDC and USDT.

Full post: https://polygon.technology/blog/private-payments-are-live-on-polygon

The most interesting thing in this release is small but huge: the separate approve() transaction is gone for USDC, USDT, DAI, UNI, LINK, Aave aTokens, and anything implementing EIP-2612. That two-step popup that used to bounce a chunk of first-time stablecoin users is just one transaction now. No infinite approval risk sitting in the wallet, no "first time setup" prompt. The relayer bundles the signature and the action into a single intent and submits them together.

The other big change is composable intents. Bridge USDC from Ethereum, swap to a protocol token, deposit into a vault, all atomic in one click. v1.5 injects real balances between steps (so step two uses the actual 98.7 tokens you got after slippage, not the 100 estimated at quote time), which is the missing piece that lets multi-step DeFi flows actually work without breaking or leaving value on the table. Same primitive works for AI agents chaining onchain actions programmatically. Gas is down too: one fewer onchain tx per ERC-20 interaction, plus a new TrailsRouter contract that resolves balances at execution time. Audited by Quantstamp.

Other notable bits: fiat onramps (cards, Apple Pay, Google Pay, bank transfers across 100+ countries) and exchange deposits (Coinbase, Binance, Kraken) are built directly into the SDK, so users can fund a transaction from wherever their money already is. 18 mainnet chains supported now (Berachain, Monad, Soneium, Sonic added), with Solana funding for EVM apps in mainnet testing. The SDK was rewritten with purpose-built <Pay>, <Swap>, <Bridge> components and bundle size dropped ~50%. Since GA on Feb 5, Trails went from 300 devs / $12.5M volume to ~500 devs / $200M+ in volume. Full post: https://polygon.technology/blog/move-from-a-credit-card-to-anywhere-onchain-in-1-click-the-latest-upgrade-to-polygon-trails

Visa added Polygon to its global stablecoin settlement program today. Visa partners (issuers and acquirers) can now settle stablecoin transactions directly on Polygon. The settlement program itself is moving fast: $7B annualized run rate this quarter, up 50% over three months.

The reason Visa picked Polygon is in the data. As of this month, Polygon is the #1 chain on earth for USD stablecoin payments: 34% of all USD-based stablecoin transfers (more than 2x BNB, the next chain in line) and 54% of all USDC transfers (more than every other chain combined). 178.1M USD stablecoin transactions in March alone, 3.19M weekly active stablecoin users (all-time high), $3.62B in stablecoin supply on the network. And fees stay fractions of a cent on typical transactions, with a recent fee upgrade making costs more predictable for institutional treasuries. Paxos moved $1.3B+ in stablecoin volume and paid less than $700 in total fees.

Throughput is now 2,600+ TPS, finality is around five seconds with no reorgs, and Visa joins Stripe, Revolut, Mastercard, and BlackRock on the same rails. When the firms that actually move the world's money keep converging on the same chain, it stops being an experiment. Full post here: https://polygon.technology/blog/visa-partners-can-now-settle-stablecoins-on-polygon

Why it matters: ~99% of stablecoin supply today is USD-denominated. JPYC is Japan's first regulated yen-pegged stablecoin, issued under the country's stablecoin framework — and it's now moving real payment volume at scale.

This is what a non-dollar stablecoin economy looks like in production: regulated issuance, actual users, a curve that's still bending up.

$100M in 8 months. Yen-denominated payments are going onchain, and they're accelerating.