Fat Pig Signals logo

Polygon Network (MATIC) TVL Surpassed by This Ethereum L2

Shares

Second-layer solutions on top of the Ethereum (ETH) network become increasingly popular in 2022; L2 majors Optimism and Arbitrum are hosting over 160 protocols combined.

Optimism (OP) now exceeds Polygon (MATIC) by this crucial metric

Optimism (OP), a largest rollup-based second-layer scaling solution for the Ethereum (ETH) network, has accomplished yet another milestone in terms of massive adoption.

Polygon surpassed by Optimism in TVL
Image by DefiLlama

As displayed by DefiLlama, a major tracker of decentralized finance (DeFi) protocols, 61 products on the Optimism (OP) network amassed $2.38 billion in total value locked (TVL).

Meanwhile, 282 protocols on the Polygon network (MATIC) managed to attract $1.83 billion. Both results include the statistics of borrowed money.

Tron (TRX) and Solana (SOL) remain the leaders of the non-EVM segment — it includes protocols that lack seamless compatibility with Ethereum (ETH) — with $5.88 billion and $2.29 billion locked, respectively.


Read more on U.Today https://u.today/polygon-network-matic-tvl-surpassed-by-this-ethereum-l2

Shares

Related Articles

Understanding the SEC's Charges Against Galois Capital: A Deep Dive into Custody Failures

Understanding the SEC's Charges Against Galois Capital: A Deep Dive into Custody Failures The U.S. Securities and Exchange Commission (SEC) has recently charged and settled with Galois Capital, a crypto-focused investment advisory firm, due to significant custody and disclosure failures. This development underscores the critical importance of regulatory compliance in the rapidly evolving cryptocurrency industry. […]

Kraken's New Status in Canada: A Turning Point for Crypto

Kraken's Restricted Dealer Status in Canada: A New Era for Crypto The cryptocurrency landscape in Canada is witnessing a significant shift as Kraken, a global leader in digital asset trading, secures its status as a restricted dealer. This development is not just a milestone for Kraken but represents a pivotal moment for the wider crypto […]

Fannie Mae and Freddie Mac: The Integration of Cryptocurrency in Mortgage Assessments

The Federal Housing Finance Agency (FHFA) recently issued a significant directive that could potentially reshape the framework of mortgage assessments in the United States. In a forward-thinking move, FHFA has ordered Fannie Mae and Freddie Mac to take into account cryptocurrency holdings as assets in single-family mortgage loan risk assessments. This development signals a turning […]
PHISHING WARNING: Please make sure you’re visiting https://www.fatpigsignals.com. There has been an increasing amount of scammers and Impersonators. Please verify the handles carefully as well. Admins will never contact you selling investment products or a fund.
Official Admin Contacts: https://t.me/dad10 and https://t.me/gangplank123
+

Share