Polygon TVL at $765 million as Polymarket departure cuts83.6% of monthly fees
Blockchain.News reports Polygon's TVL at $765 million with Polymarket, once83.6% of its $37 million monthly fees, departing, while MATIC trades at $0.38.
Why it matters
Polygon's revenue base was concentrated in a single protocol, so a departure by that tenant would leave most reported monthly fee income behind. No other source has confirmed the departure, and the only account of it is a single crypto outlet with low authority.
Key facts
Polygon held $765 million in total value locked as of September 28, 2026.
765,000,000 USDReported by Blockchain.News
Base held $6.19 billion in total value locked over the same comparison.
6,190,000,000 USDReported by Blockchain.News
Polymarket was responsible for 83.6% of Polygon's $37 million monthly fee revenue and is leaving the chain.
83.6 %Reported by Blockchain.News
MATIC traded at $0.38, 90.8% below its March 2024 all-time high of $1.29.
0.38 USDReported by Blockchain.News
Polygon's cumulative stablecoin transfer volume passed $3 trillion as of September 29, 2026.
3,000,000,000,000 USDReported by Blockchain.News
Polygon supports 11 million payments per second.
11,000,000 payments per secondReported by Blockchain.News
Polygon completed a SOC 2 Type 1 examination for its Open Money Stack.
Reported by Blockchain.News
Robinhood Chain launched three months before the September 2026 comparison and already exceeds Polygon's TVL.
Reported by Blockchain.News
What happened
Blockchain.News, the only outlet with this story, reports that Polygon's total value locked stood at $765 million as of September 28, 2026, against Base at $6.19 billion and below Robinhood Chain, which launched three months ago. The outlet says Polymarket, a prediction market protocol, generated 83.6% of Polygon's $37 million monthly fee revenue and is leaving, which it frames as removing the chain's largest fee contributor. MATIC was priced at $0.38, 90.8% below its March 2024 all-time high of $1.29. On the infrastructure side, the outlet reports Polygon's cumulative stablecoin transfer volume passed $3 trillion as of September 29, 2026, that the chain supports 11 million payments per second, and that an SOC 2 Type 1 examination was completed for its Open Money Stack. No second outlet has reported the Polymarket departure or the fee share, so the figures rest on Blockchain.News alone, and the article does not state a date or reason for Polymarket's exit.
How the story developed
- Update
Polygon TVL reported at $765 million
Blockchain.News puts Polygon behind Base at $6.19 billion and below Robinhood Chain.
- Update
Polygon stablecoin transfer volume passes $3 trillion
Cumulative volume figure as of September 29, 2026.
- First report
First report by Blockchain.News
MATIC Price Prediction: Polymarket Is Leaving, the SMA 200 Is at $0.69 — MATIC Has One Last Chance Before It Becomes Irrelevant
- Update
Blockchain.News reports Polymarket departure from Polygon
Polymarket is said to account for 83.6% of the chain's $37 million monthly fee revenue; no date or reason for the exit is given.
Affected entities
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Blockchain.News Crypto media | MATIC Price Prediction: Polymarket Is Leaving, the SMA 200 Is at $0.69 — MATIC Has One Last Chance Before It Becomes Irrelevant | Original |
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