Messari’s Q1 2025 report on Polygon shows the protocol has made meaningful progress in infrastructure, DeFi, and NFT adoption.

Infrastructure Milestone

On February 3, pessimistic proofs launched on the Agglayer mainnet. This addition enables Polygon to aggregate multiple chains with varying trust assumptions without compromising security. It’s a foundational piece for Polygon’s multichain strategy.

DeFi Uptick

TVL on Polygon PoS ended the quarter at \$744.8 million, with QuickSwap (+72.5%) and Spiko (+28.9%) leading the way in growth.

Stablecoin Dominance

The stablecoin supply hit \$2 billion, rising 23.3% QoQ. Stablecoins also saw the highest address activity, reflecting their role as a core utility across the chain.

Network Usage Metrics

  1. 546K daily active addresses

  2. 3.4M daily transactions

Both categories saw modest but positive growth, showing resilience in user engagement.

NFT Boom

NFT trading volume grew to \$1.4 million/day. March 2025 stood out with \$56.5 million in Courtyard sales, with Pokémon NFTs responsible for over \$28 million of that.

Final Note

Polygon’s Q1 story is one of quiet resilience and strategic scaling. While not marked by hype, these developments point to long-term sustainability and real-world use.