Revolut Hits $1.2B on Polygon, Making It the Top Blockchain by Transactions

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<a href="https://bbg-news.com/matic-usd/">Polygon</a> Becomes Top Blockchain by Transactions as Revolut Crosses $1.2B

Key Highlights

  • Revolut has crossed $1.2 billion in cumulative transaction volume on Polygon, nearly doubling the $690 million reported in November 2025.
  • Polygon delivers gas fees that are 426 times cheaper than Ethereum and four times cheaper than Solana for stablecoin transfers.
  • The milestone coincides with the UK Financial Conduct Authority selecting Revolut for its regulatory sandbox to pilot a pound-denominated stablecoin.

Revolut, a leading digital bank in Europe with more than 65 million users globally, has processed over $1.2 billion in transactions on Polygon. Polygon Labs reports this achievement helped make Polygon the most active blockchain network worldwide in March, based on the number of transactions.

This number is almost double the $690 million announced in November 2025 when Revolut and Polygon first partnered, showing that more and more people are using blockchain technology for payments through the popular Revolut app.

According to Marc Boiron, CEO of Polygon Labs, sending money internationally is often slow and expensive due to outdated banking systems. Revolut’s recent success—processing over $1 billion on Polygon—demonstrates a more efficient alternative. Polygon isn’t trying to force users to change *how* they send money, but rather to improve the underlying technology to make transactions faster, cheaper, and more scalable. The goal is to offer a better experience without disrupting existing apps or processes.

The cost problem blockchain actually solves

The partnership between Revolut and Polygon is a big step towards fixing a long-standing problem in international finance. Every year, over $905 billion is sent around the world as remittances, but it still costs a lot to transfer money internationally. The World Bank reports an average cost of 6.49% per transfer, and traditional banks often charge over 14%.

The United Nations’ Sustainable Development Goals aim to lower the costs of these services to less than 3% by 2030, but the industry hasn’t been able to reach this goal using traditional methods.

As a crypto investor, one of the things that really stands out to me about Polygon is how much cheaper it is to use compared to other blockchains. Polygon Labs’ data shows Ethereum gas fees are a whopping 426 times higher, and even Solana is about four times more expensive. Right now, as of January 2026, over $3 billion in stablecoins are on Polygon, we’re seeing around 6 million transactions daily, and everything settles super fast – roughly two seconds – for just a tiny fraction of a penny, about $0.008 per transaction. It’s a huge difference!

Revolut now lets people in the UK and Europe send USDC, USDT, and POL instantly, instead of waiting days for transfers through traditional banks. Plus, you can convert these stablecoins to US dollars at a 1:1 rate with no extra fees, saving you money compared to typical transfer services.

FCA sandbox selection

This achievement is particularly important for Revolut as it expands its work with digital assets. The company was recently chosen by the UK’s Financial Conduct Authority (FCA) to test a new stablecoin – a digital currency designed to match the value of the British pound – as part of a special program for innovative financial technologies.

Revolut being chosen for the FCA’s regulatory sandbox shows increasing trust in its systems for handling cryptocurrencies. While other selected companies—Monee Financial Technologies, ReStabilise, and VVTX—are exploring different ways to use stablecoins, Revolut stands out as the only large, well-known consumer finance app involved. This gives Revolut a key role in shaping how regulated stablecoins will work within everyday banking apps.

Having strong regulatory approval is important for Revolut’s business. The company is currently exploring options to sell more shares, potentially valuing it at $100 billion or higher, and is aiming for an eventual public offering that could reach $150 billion. Revolut forecasts $9 billion in revenue and $3.5 billion in profit by 2026, making it the most valuable private financial technology company in Europe.

Polygon’s enterprise payment flywheel

Revolut reaching $1.2 billion in transaction volume highlights the growing success of Polygon’s payment technology. Polygon recently launched the Open Money Stack, a complete system for blockchain-based payments and stablecoins. This new system aims to simplify how institutions send money internationally, replacing the current complex network of different providers, agreements, and technical connections.

The Open Money Stack helps companies easily add secure digital wallets, compliant ways to move between traditional money and cryptocurrency, and existing payment systems. It also allows them to benefit from the large amount of stablecoins available on Polygon, all through one simple connection. Revolut’s success using Polygon demonstrates this: it provides a seamless experience for users, handles a large volume of transactions, and relies on powerful blockchain technology working behind the scenes.

Revolut is the latest company to build on Polygon, joining others like Mastercard, Stripe, Robinhood, and Grab. Polygon is becoming increasingly popular, with Paxos recently processing $1.3 billion in transactions – a fiftyfold increase in just one year. In 2025 alone, Polygon saw stablecoin transactions jump 264% to a total of $932 billion.

The invisible infrastructure thesis

The remarkable thing about Revolut’s partnership with Polygon isn’t visible to most users. Revolut’s 65 million customers continue to use the app as usual – sending money, paying bills, and earning rewards – without realizing that these transactions are actually happening on the blockchain behind the scenes.

Sandeep Nailwal, co-founder of Polygon and CEO of Polygon Foundation, explained that Revolut customers don’t need to know about blockchain technology – they simply benefit from quicker and more affordable transactions. He believes this seamless integration is key to making new technologies widely accepted.

This new approach to blockchain technology differs from the traditional crypto world, where users typically have to handle digital wallets, transfer tokens between networks, and pay transaction fees. By integrating blockchain technology directly into existing, regulated financial apps – like the partnership between Polygon and Revolut – it suggests that the amount of stablecoin payments processed through standard financial systems could become much larger than the volume currently seen on dedicated crypto platforms.

As an analyst, I’ve been tracking Revolut’s impressive growth in stablecoin payments. In 2025, we estimate their volume jumped 156% year-over-year, hitting around $10.5 billion across all the blockchains they support. What’s particularly exciting is the validation they’re receiving: the FCA sandbox confirms their regulatory strategy is sound, a potential valuation exceeding $100 billion suggests strong commercial progress, and the $1.2 billion processed on Polygon alone demonstrates a smart infrastructure choice. All of this points to Revolut successfully positioning stablecoin payments as a core financial product, not just a crypto add-on.

The competitive landscape: Polygon vs. Solana vs. Base

This news also subtly places Polygon in the growing competition among blockchains to handle large-scale payments from institutions. Just recently, Solana introduced a platform for stablecoins, payments, and real-world asset tokenization, already being used by companies like Mastercard, Worldpay, and Western Union. Meanwhile, Base, built by Coinbase, is quickly gaining traction in both decentralized finance and everyday consumer apps. Plus, established payment networks are still developing their own blockchain technologies.

Currently, Polygon stands out due to its established partnerships with major companies and its cost-effective solutions, which are hard for competitors to beat. Companies like Revolut, Mastercard, Stripe, and Flutterwave are already actively using Polygon’s network. This means Polygon is now being evaluated based on the same performance standards as traditional payment systems – things like speed, transaction fees, reliability, and legal compliance – rather than just being considered a test project.

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2026-03-26 16:06