Data: USDC trading volume surged 20 times in 18 months, with Polygon and Base handling a total of 68% of USDC transactions

According to Crowdfund Insider, data from Dune Analytics shows that USDC trading activity has exploded. Among the 49 networks queried, monthly USDC transaction volume grew from 31 million in July 2024 to 613 million in January 2026, marking a 20-fold increase in such cryptocurrency transfers within just 18 months.

Polygon and Base together accounted for 68% of USDC transactions, thanks to their low fees, fast settlement times, and optimization of everyday financial processes. Polygon has set records with an average daily USDC transaction volume exceeding 12 million, surpassing Solana to become the top USDC chain. Base processed $5.3 trillion in USDC transactions in January.

USDC issuer Circle has expanded native support to 30 blockchains and enhanced its Cross-Chain Transfer Protocol (CCTP), which has facilitated over $126 billion in seamless transfers. Integration with traditional financial giants like Visa, Stripe, and Shopify has also played a key role.