POL Rises 15% as Open Money Stack Vision and Potential Coinme Acquisition Drive Momentum

Polygon's (POL) token price increased by 15% in the past 24 hours, reaching $0.14, amid growing market interest and key project developments.

The Open Money Stack, a modular framework designed to integrate fiat and on-chain payment systems, has been highlighted as a major driver of this momentum.

Polygon also announced potential acquisition plans for Coinme, a major Bitcoin ATM operator, which could expand its presence in traditional financial infrastructure.

Polygon Labs' Open Money Stack initiative aims to create a stablecoin payment framework that reduces reliance on traditional financial intermediaries and enables seamless cross-chain transactions. The framework integrates components like wallet architecture, compliance tools, and fiat on/off-ramps, positioning it as a foundational infrastructure for programmable finance.

Network activity has also surged, with transaction volumes and active addresses increasing significantly. The token burn rate has accelerated, with 8.2 million POL tokens burned since the beginning of 2026, contributing to a reduction in the circulating supply. As a result, the POL token has gained 14.5% in the past 24 hours and 35% over the past seven days.

What is the significance of the Open Money Stack initiative?

The Open Money Stack initiative represents a strategic evolution for Polygon, aiming to position it as a central infrastructure for the global DeFi ecosystem. By bridging traditional and blockchain-based financial systems, the initiative allows users to move money instantly and securely across different blockchains. It also enables financial institutions and fintech firms to adopt only the components they need while remaining interconnected with other networks.

The initiative is designed to simplify stablecoin payments by reducing the need for users to understand complex settlement mechanics. This is expected to make blockchain-based transactions as accessible as traditional digital messaging, broadening adoption among non-technical users.

What are the implications of increased transaction activity and token burns?

The surge in transaction activity and token burns has had a positive impact on the POL token's price. With 178 million transactions recorded on the network in the past month, Polygon has become the third-fastest-growing blockchain in terms of transaction volume. Active addresses on the network have also increased by 28% to 15.9 million, surpassing other Layer-2 networks.

Chain fees have quadrupled due to increased demand for transactions, contributing to the network's profitability and reinforcing the bullish trend. Additionally, the growing adoption of Polygon in the payment industry and the expansion of its stablecoin supply to $3 billion highlight its increasing relevance in the crypto ecosystem.