Polygon's stablecoin transfers rise 66.7%, price may form bottom near $0.0835

Polygon's non-P2P stablecoin transfer volume surged 66.7% over four months, reaching $24 billion in April and contributing to over $140 billion total stablecoin transactions on its network. Despite this growth in activity and outperforming some chains in fees and active addresses, Polygon's price has been declining since last year, currently hovering near a potential bottom at $0.0835. If this support holds, the price could rebound to $0.12 or higher; if broken, a further decline is likely. This activity highlights Polygon's growing role in DeFi amid price pressures.