Revolut is making a decisive push deeper into crypto. The fintech giant has now surpassed $1 billion in on-chain transactions on Polygon. This milestone highlights the firm’s own growing blockchain footprint while also signaling how quickly mainstream users are moving toward on-chain finance.
Revolut, the UK-based digital bank, has crossed $1 billion in cumulative transaction volume on the Polygon blockchain network, according to an announcement from Polygon Labs. The milestone coincides with Polygon closing a recent month as the leading blockchain network by transaction count.
Revolut Topping Fintech Growth Charts
The achievement comes on the heels of Revolut’s strong 2025 annual results. This fintech’s growth story is accelerating at a remarkable speed. The company reported $6 billion in revenue and $2.3 billion in profit before tax, while its customer base has surged past 70 million. By the end of 2025, Revolut was adding 1 million new users every 17 days, cementing its position as a dominant force in digital banking. In fact, nearly 1 in 3 new financial accounts opened across six major European markets are now going to Revolut.
The momentum extends far beyond user growth. Eleven separate company’s product lines each generated over £100 million in revenue, underscoring the scale and diversification of the business. With a valuation now reaching $75 billion, Revolut has become the most valuable private technology company in Europe.
CEO and co-founder Nik Storonsky highlighted that 2025 marked a 45% year-on-year increase in customers choosing Revolut as their primary bank, signaling a deeper shift towards innovative infrastructure in consumers’ relationships with financial services. By year-end, the company operated as a licensed bank in 30 countries, and in 2026, it launched its first major UK banking campaign, “Welcome To My Bank,” following receipt of the UK banking licence.
Polygon Blockchain Integration
Revolut users in the UK and European Economic Area can send USDC, USDT, and POL stablecoins via Polygon, with settlement completing in seconds. According to Polygon Labs, gas fees on Ethereum are impressively 426 times higher than on Polygon the majority of the time, while even more affordable Solana’s fees are approximately four times higher. Besides, Revolut offers 1:1 stablecoin-to-USD conversion with no currency spread, which further boosts the service quality-price ratio of the offering.
Revolut’s stablecoin payment volumes grew an estimated 156% year-over-year in 2025, reaching approximately $10.5 billion across all supported chains. POL, the native token of the Polygon ecosystem, is available for trading on Revolut and Revolut X, with in-app staking offering yields of up to 4% APY. The company’s fiat-to-crypto on-ramp, Revolut Ramp, supports the Polygon Chain, which currently hosts more than $3 billion in stablecoin supply, processes roughly 6 million transactions per day, and settles transactions in approximately two seconds at an average cost of $0.008.
“This milestone reflects what happens when you combine world-class fintech with infrastructure purpose-built for scale,” said Sandeep Nailwal, co-founder of Polygon and CEO of Polygon Foundation. “Revolut’s users don’t need to understand blockchain. They just experience faster, cheaper money movement. That invisible integration is exactly how mainstream adoption happens.”
Regulatory Developments
The UK’s Financial Conduct Authority has selected Revolut to participate in its regulatory sandbox for stablecoin testing, where the company will pilot a pound-denominated stablecoin pegged 1:1 to sterling. The company is also reportedly in early discussions for a secondary share sale that could value it at over $100 billion, with a potential IPO target of up to $150 billion. Revolut is projecting $9 billion in revenue and $3.5 billion in profit for 2026.
$1B Onchain Transactions Industry Context
Cross-border payments are still far from affordable for millions of people worldwide. According to the World Bank, sending money internationally costs an average of 6.49%, and in some cases, traditional banks charge more than 14%. For families relying on remittances, that’s a tangible amount of money lost on groceries, rent, or school.
Despite the United Nations setting a target to bring costs below 3% by 2030, progress remains slow. With over $905 billion moving through the global remittance market each year, many are no longer willing to wait, turning instead to alternatives like blockchain in search of faster, cheaper ways to send money across borders.
“Legacy banking infrastructure still makes international money movement slow and costly; Revolut crossing $1 billion on Polygon proves there’s a better way,” said Marc Boiron, CEO of Polygon Labs. “We’re not asking people to change how they send money. We’re modernizing the settlement layer underneath it for scale, speed, and cost. Same app, same experience, radically better economics.”
Polygon Labs recently announced acquisitions of Coinme and Sequence and introduced its Open Money Stack, a suite of blockchain-based payment and stablecoin services aimed at enabling institutions to move money globally through a single integration. Other enterprises building on Polygon include Mastercard, Stripe, Robinhood, Grab, Standard Chartered-backed AlloyX, and Paxos, which recently surpassed $1.3 billion in volume on the network. Polygon’s stablecoin volume grew 264% year-over-year in 2025, processing $932 billion in total transfers.
