Market Cap: $2.6429T -0.250%
Volume(24h): $95.036B -27.870%
  • Market Cap: $2.6429T -0.250%
  • Volume(24h): $95.036B -27.870%
  • Fear & Greed Index:
  • Market Cap: $2.6429T -0.250%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$82951.790245 USD

-0.70%

ethereum
ethereum

$1791.465527 USD

-1.83%

tether
tether

$0.999717 USD

-0.01%

xrp
xrp

$2.055970 USD

0.14%

bnb
bnb

$593.238692 USD

-1.32%

usd-coin
usd-coin

$1.000032 USD

0.02%

solana
solana

$115.381354 USD

-4.13%

dogecoin
dogecoin

$0.161732 USD

-2.67%

cardano
cardano

$0.649656 USD

-0.44%

tron
tron

$0.239261 USD

1.04%

unus-sed-leo
unus-sed-leo

$9.561241 USD

1.74%

toncoin
toncoin

$3.530703 USD

-6.73%

chainlink
chainlink

$12.739766 USD

-3.87%

stellar
stellar

$0.259841 USD

-2.48%

avalanche
avalanche

$18.093210 USD

-3.52%

Cryptocurrency News Articles

Polygon's Total Value Locked (TVL) Reaches $844 Million as QuickSwap, Spiko Show Positive Momentum

Jan 31, 2025 at 12:00 am

The total value locked (TVL) across DeFi protocols on the Polygon blockchain has reached approximately $844 million, according to data from DefiLlama.

Polygon's Total Value Locked (TVL) Reaches $844 Million as QuickSwap, Spiko Show Positive Momentum

The total value locked (TVL) in decentralized finance (DeFi) protocols on the Polygon blockchain has reached approximately $844 million, according to data from DefiLlama. This metric, which represents the total capital deposited in smart contracts on the network, highlights the scale of adoption of various DeFi applications on Polygon.

Aave ($AAVE) remains the largest DeFi protocol on Polygon, boasting a TVL of $396 million. The decentralized lending protocol has retained its dominance despite a slight 0.23% decrease in TVL over the past 30 days. Uniswap ($UNI), a leading decentralized exchange (DEX), holds the second spot with $108 million in locked assets, though it has experienced a more significant drop of 11.5% in the same period.

Polymarket follows closely with $106 million in TVL according to the on-chain data. Spiko, another notable protocol, holds $101 million, showing positive momentum with a 13.1% increase in TVL over the last month. QuickSwap ($QUICK) has shown one of the most significant upticks in TVL, growing 13.8% to reach $70.1 million. This surge suggests increased trading activity on the platform.

Other Notable Protocols

Among the emerging DeFi protocols, Tangible ($TNGBL) holds $39.1 million, BlackRock BUIDL ($BUIDL) manages $33.5 million, and Compound ($COMP) records $32.5 million in TVL. Balancer ($BAL), another decentralized finance platform, has a TVL of $26.6 million, though it has seen a 6.62% decrease in the last 30 days.

The market capitalization of key projects on Polygon also varies significantly. Aave leads with $4.44 billion, while Uniswap’s market cap stands at $7.21 billion. Other protocols, such as QuickSwap, have a much smaller market cap, with $23 million, reflecting their niche presence in the DeFi space.

While Polygon's DeFi ecosystem is showing strength, the market has seen mixed trends in TVL changes. Established protocols like Aave and Uniswap continue to lead the pack, whereas QuickSwap and Spiko are showing notable growth. As DeFi adoption continues to evolve, Polygon remains a significant player in the sector, offering a diverse range of financial applications to its users.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Apr 04, 2025