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Polygon extends stablecoin payment system to Solana, adding real-world use but SOL price remains weak.

Market News
29 Oct 2026, 18:27 WIB
Crypto Daily
View Source
Bearish
Polygon extends stablecoin payment system to Solana, adding real-world use but SOL price remains weak.

Polygon has expanded its stablecoin payment infrastructure to the Solana network, enabling businesses to move money between bank accounts, crypto wallets, and payees on Solana as well as Polygon's own chain. This cross-ecosystem move adds a practical use case for Solana at a time when its token (SOL) is trading about 60% below its all-time high and showing weak price momentum. SOL is currently stuck in a narrow trading range between key moving averages, with sellers controlling momentum and buyers yet to push the price above the $106 resistance level. The market views Polygon's expansion as a long-term growth story rather than an immediate demand driver, leaving SOL's price outlook neutral to bearish until it breaks above resistance or falls below support near $97.45.

Solana's market cap stands at Rp1.095,23 trillion with a 24-hour trading volume of Rp57,51 trillion, showing steady interest among Pluang users as of Oct 29, 2026 22:43 WIB. Despite the price hovering around Rp1.866.252 and a modest 1.34% gain in the last day, buyers dominate with 64% of order activity on Pluang. Polygon, with a market cap of Rp59,96 trillion and a typical hold time of 121 days, also sees positive momentum with a 0.85% price increase, reflecting ongoing investor engagement in both tokens.

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