The Polygon network has recorded a sharp increase in user activity, reflected in a spike in transaction fees. For the first time, daily fee revenue on Polygon exceeded that of Ethereum.

On February 14, users paid approximately $407,000 in fees on Polygon, compared to about $212,000 on Ethereum. The following day, the gap narrowed, but Polygon maintained the lead with roughly $304,000 versus $285,000.

What Drove the Growth

The primary catalyst was heightened activity on a major decentralized prediction platform operating on the network. Over the past week alone, it generated more than $1 million in fees within the ecosystem. By comparison, the second-largest application contributed around $130,000.

Particularly strong engagement was observed around markets tied to the Oscars, where betting volume on a single event surpassed $15 million, significantly increasing network usage.

USDC Hits New Highs

At the same time, stablecoin usage — especially USDC — saw notable growth. Over the past week, the network processed approximately 28 million transactions involving the asset, marking a new high. The total number of transfers reached 103 million.

Micropayments and Network Upgrade

Another contributing factor was the expansion of micropayments through the x402 protocol. Over seven days, organic micropayment volume reached about $1.2 million across 358,000 transactions.

Additionally, a major network upgrade implemented in December may have supported the growth. The updаte increased throughput by roughly 33% and reduced block consensus time to one second.