Polymarket pUSD supply
The circulating supply of pUSD — Polymarket’s balance token, minted 1:1 on deposit and burned on withdrawal — read directly from Polygon since April 2026. This is the number commonly reported as Polymarket’s TVL.
Frequently asked
What does this page track?
The circulating supply of pUSD — Polymarket’s balance token, minted 1:1 when you deposit and burned when you withdraw. It is the number most trackers report as Polymarket’s TVL.
How is it measured?
On-chain. pUSD is an ERC-20 on Polygon (0xc011a7…82dfb); we read its totalSupply() at daily block heights since the token launched with the April 28, 2026 exchange upgrade. Every point is a direct chain read — reproducible by anyone, no API vendor.
Is this the same as total value locked?
It is what the industry calls TVL for Polymarket, and it is the figure we can verify on-chain — but the two are not the same thing by definition. pUSD supply is exactly that: the supply of one token. We report it as such rather than claiming it captures every dollar on the platform.
Does this include Polymarket perps?
Yes. Perps collateral is pUSD too, so it is already inside this figure. Perps are a small slice — see the live breakdown above and the dedicated perps stats page.
Where does the data come from?
Directly from Polygon: the on-chain pUSD total supply, sampled daily and aggregated by PolyScalping. No third-party data vendor.
Methodology: this page charts the on-chain total supply of pUSD (0xc011a7…82dfb) on Polygon, sampled at daily block heights since the token launched on April 28, 2026. pUSD is minted 1:1 on deposit and burned on withdrawal. Widely reported as Polymarket’s TVL, though the two are not identical by definition — we publish the measurable quantity. Aggregated by PolyScalping for informational purposes only; not investment advice.