CandleFocus Top Polygon DeFi Projects Secure Over $928M in TVL Growth
2024-09-28
Author: Content Editor
The total value of assets locked in Polygon's ecosystem has exceeded $928 million, indicating the growing adoption of decentralized finance (DeFi) on the Polygon blockchain. AAVE and Uniswap are leading the way with $328 million and $235 million locked, respectively. Quickswap is also gaining traction with $127 million locked. Other protocols like SushiSwap and Balancer have captured $60.3 million and $31.6 million. These protocols offer various services catering to different segments of the DeFi community. The market activity on Polygon has been positive, with increased demand for decentralized exchanges. Users are increasingly choosing Polygon for its reduced transaction costs and improved scalability. As the ecosystem continues to grow, the total value locked on the network is expected to increase.
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