Polygon, an Ethereum L2 scaling solution, has reached a total value locked (TVL) of $1.15 billion in the DeFi sector. The Phoenix Group has released a list of prominent projects on Polygon based on TVL. Polymarket is in first place with a TVL of $340.77 million, followed by AAVE with $322.10 million, and UNI with $263.98 million. Spiko, a platform for real-world assets, has a TVL of $69.86 million, while QUICK, a decentralized exchange, has a TVL of $54.15 million. Other projects on the list include TNGBL, COMP, BAL, and STG.



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