Amid growing institutional and mainstream crypto adoption, projects have turned to aggressive expansion, especially in stablecoin-linked areas.
Polygon Labs has become highly ambitious, seeking to dominate the stablecoin market and cross-border settlement.
Polygon Labs’ $250 million acquisition
On the 13th of January, Polygon Labs announced that it had signed an agreement to acquire Coinme and Sequence for over $250 million in a major deal.
These acquisitions aim to expand Polygon’s influence in stablecoin and other on-chain money transactions.
Since the passing of the Genesis Act by the U.S. Congress last year, demand for stablecoins as a means of payment has surged considerably.
For that reason, Polygon Labs wants to position itself as the major player in the emerging field as institutions embrace crypto payments.
Even so, Polygon’s move is not an isolated case, as crypto firms have attempted to transition into banks that operate on-chain.
However, the infrastructure to achieve this goal remains limited, and Polygon’s acquisition takes a major step towards expanded market reach.
What the purchases add to Polygon
Notably, the purchase of crypto payment firm Coinme and wallet infrastructure Sequence anchors Polygon’s upcoming Open Money Stack.
With these infrastructures in place, the firm will be well-positioned to streamline cross-border transactions and strengthen its stablecoin payments.
As such, Coinme adds money transmitter licenses in 48 states and 50,000 locations for fiat-to-crypto. On the other hand, Sequence provides enterprise wallets and cross-chain transaction tech.
Building on 2025’s 452 million stablecoin transactions, the move eyes mainstream payments, blending crypto speed with regulation.
Polygon ecosystem booming
Building on its intensified expansion, Polygon has skyrocketed to record-breaking levels. As reported earlier by AMBCrypto, Polygon transactions surged to a record high of 1.4 billion in 2025.
This usage level extended over into 2026, and the number of transactions has averaged 6 million over the past two weeks.
At press time, the number of Daily Transactions held at 6.11 million, according to Defillama, reflecting strong on-chain activity.
Even more importantly, these transactions were backed by a solid user base. Over the same period, the number of active users has hovered between 400k and 700k, further indicating strong network demand.
Addresses and transactions holding at elevated levels signals organic demand for the network, which tends to boost its token’s price action.
Bearish pressure overwhelms POL, though
While Polygon continued to expand its market reach and network usage remained elevated, POL has faced significant bearish pressure.
In fact, after climbing to $0.18, POL faced rejection and retraced to a low of $0.15, then rebounded slightly to $0.16 at press time.
This market weakness was largely driven by increased profit-taking between the 10th and the 14th of January. According to Coinalyze, sellers crashed the market after POL touched $0.18, as Sell Volume rose to 835.86 million.
As a result, the downward pressure intensified, strengthening the downside momentum as the Relative Strength Index (RSI) fell from 85 to 65.
Although RSI slipped, it remains within the bullish zone, indicating buyers remain active in the market.
Likewise, its Relative Vigor Index (RVGI) made a bearish crossover and fell to 0.24, further validating the trend’s weakness.
Thus, if sellers continue offloading, POL will breach the $0.15 support and dip further towards $0.14.
However, if the market takes the recent Polygon Labs acquisition positively, POL will retest $0.18 and target a move above $0.2.
Final Thoughts
- Polygon Labs announced the acquisition of Coinme and Sequence for over $250 million, aiming to expand its reach in the stablecoin market.
- POL still faces strong bearish pressure as sellers dominate the market, risking a dip to $0.14.
