TechFlow reports that, according to Crowdfundinsider on February 20, Dune Analytics data shows explosive growth in USDC transaction activity. Across 49 queried networks, monthly USDC transaction volume surged from 31 million in July 2024 to 613 million in January 2026—a 20-fold increase over just 18 months.
Polygon and Base collectively processed 68% of all USDC transactions, driven by their low fees, fast settlement times, and optimization for everyday financial workflows. Polygon has set a new record, averaging over 12 million USDC transactions per day—surpassing Solana to become the top USDC chain. In January, Base processed $5.3 trillion worth of USDC transactions. Circle, the issuer of USDC, has expanded native support to 30 blockchains and enhanced its Cross-Chain Transfer Protocol (CCTP), which has facilitated over $126 billion in seamless cross-chain transfers. Integrations with traditional financial giants such as Visa, Stripe, and Shopify have also played a pivotal role.
