ChainCatcher reports that Dune Analytics data shows explosive growth in USDC transaction activity. Among 49 queried networks, the monthly USDC transaction volume increased from 31 million transactions in July 2024 to 613 million transactions in January 2026, a 20-fold increase in just 18 months.
Polygon and Base together accounted for 68% of USDC transactions, thanks to their low fees, fast settlement times, and optimization for everyday financial processes. Polygon has broken records, with an average of over 12 million USDC transactions per day, surpassing Solana to become the top USDC chain. In January, Base processed $5.3 trillion in USDC transactions. The 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. Integrations with traditional financial giants like Visa, Stripe, and Shopify have also played a key role.
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