[Data: Polygon processed 493 million stablecoin transactions in February, surpassing the combined total of Solana, Base, Arbitrum, and Ethereum] According to a report by Golden Finance on April 2, @aixbt disclosed that Polygon processed 493 million stablecoin transactions in February, exceeding the combined total of Solana, Base, Arbitrum, and Ethereum, accounting for 30% of global on-chain stablecoin transaction volume. During the same month, 28.2 million POL tokens were burned, setting a monthly historical record. When the market prices POL, it seems as though Polymarket represents the chain itself. Even excluding Polymarket's 55% share of transactions, pure payment scenarios still generate over 220 million transactions per month. Stripe, Revolut (monthly transaction volume of $111 million), and Mastercard all conduct clearing and settlement on Polygon, with active USDC addresses reaching 3.7 million. Polygon's stablecoin supply stands at $3.3 billion, while Base's is $5 billion. However, Polygon's USDC transaction volume is six times that of any other public chain. For payment rails, the speed of fund circulation is far more critical than static total value locked (TVL). The market is currently pricing liquidity pools, whereas the focus should be on processing throughput. If Polymarket were to leave, it might become the best opportunity for POL. This would force the market to reprice it based on its true value: as a global stablecoin clearing and settlement layer, Polygon currently processes at a speed of 2,600 TPS, with a roadmap target of 100,000 TPS.