POLYGON’S DEFI ECOSYSTEM REACHES $928M IN TOTAL VALUE LOCKED

Polygon's DeFi ecosystem is booming, with over $928 million in total value locked (TVL), according to DefiLlama. Major protocols like AAVE ($328M), Uniswap ($235M), and Quickswap ($127M) are driving this growth. Other notable platforms include SushiSwap and Balancer.

Polygon's low fees and scalability are attracting more DeFi projects. In the past 30 days, Uniswap's TVL increased by 5.74%, while Quickswap surged 23%. Despite a slight dip in AAVE's TVL, Polygon’s ecosystem continues expanding rapidly, solidifying its role as a key player in DeFi.

#Polygon #Write2earn #TotalValueLocked #DeFiLlama #Pol $POL

#Pol Many bad mouth about it but iam still holding it 🙇‍♂️ 🤷

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🟪 A Polygon zkEVM Giga Update 🟪

1️⃣ Community Event: Polygon is currently hosting zkEVM Saga, an event akin to Arbitrum Odyssey. The aim is to foster engagement and support for the chain, offering rewards. Participants in Polygon zkEVM receive NFTs, and there're rumors that these might be a criterion for an upcoming airdrop.

Week 4 has kicked off: https://x.com/0xPolygonDeFi/status/1722626358885683622?s=20

2️⃣ Chain Dynamics: Despite zkEVM's TVL currently below its peak, the chain has witnessed a remarkable surge in volume, soaring over 3,800% compared to 30 days ago, as reported by IntoTheBlock.

However, despite hints from Polygon CEO Sandeep Nailwal about a potential airdrop, the chain hasn't gained as much traction compared to other L2s.

3️⃣ “Hot” Updates:
🔸 OKX Exchange is utilizing Polygon CDK to construct X1, a ZK-powered Layer 2 network.
🔸 Immutable zkEVM, powered by Polygon, is set to launch its mainnet at the end of this year. Additionally, Immutable has recently partnered with the gaming company Ubisoft.
🔸The Ethereum mainnet has commenced the $POL upgrade.

4️⃣ Village Community Grants (total 300k MATIC):
🔸 BUIDL on Polygon #1 Village Community Grant Round by Giveth (170k MATIC): For creators and projects contributing to Polygon's growth.
🔸 Infra on Polygon Village Community Grant Round by gitcoin (130k MATIC): Focused on projects developing infrastructure in the Polygon ecosystem.

5️⃣ A Fertile Ground For Success
🔸 Many major Web2 brands are trusting Polygon as the fertile ground for their Web3 expansion.
🔸 Blockchain games choose Polygon as a place to grow.

🔑 Key Takeaways:
📈 Through sustained marketing initiatives and events, Polygon has garnered user attention, leading to an uptick in daily active users and transaction counts—positive outcomes.
📉 These developments also increase the fees which impacts Polygon's Sequencer profit, resulting in a negative number.

📍 For further details, view this EP of our M3TA Investigation: https://twitter.com/M3TA_Analytics/status/1724350454287798285

#POL #Pol #Ethereum #zkEVM $MATIC

Present Situation - Invest in These Coins
#HBAR/USDT🔱
#Kava
#Fil
#Pol
#Dot
#Glmr
Future - Long and Short Position
#Iota long
15$
Sl : 0.23
Tp 0.45
#DUSK short:
15$
Enter now with SL at 0.254
TP: 0.242 and 0.226

Wish you good Luck

Are you excited for upcoming #Pol listing today? 😀