Polygon, one of many prime Ethereum L2 scaling options, has witnessed a spike in TVL within the DeFi sector as its whole worth pegged at $1.15 billion. On this regard, Phoenix Group has shared the record of distinguished initiatives on Polygon by way of whole worth. These initiatives embrace Polymarket, $AAVE, $UNI, Spilo, $QUICK, $TNGBL, $COMP, $BAL, $CRV and $STG. Polmarket and Spilo haven’t but launched their cash. The analytics firm used its official X account to disclose the small print of those initiatives.
TOP 10 #TVL ON #POLYGON
#Polymarket $AAVE $UNI #Spiko $QUICK $TNGBL $COMP $BAL $CRV $STG pic.twitter.com/o7wEPKkv60– PHOENIX – Crypto Information & Evaluation (@pnxgrp) October 30, 2024
Polymarket leads the High TVL initiatives on Polygon with a 28.29% share of the ecosystem
Polymarket, a prediction platform, occupies the 1st place within the record with a TVL of as much as $340.77 million. It’s reportedly accountable for as much as 28.29% of the Polygon ecosystem’s cumulative TVL. Then AAVE, a lending discussion board, will get 2i.e place with a TVL that reached $322.10 million. This quantity corresponds to nearly 27.38% of Polygon’s whole TVL. It precedes UNI, a preferred decentralized change with a complete worth of just about $263.98 million. This determine may have a 22.40% share of Polygon’s cumulative TVL.
Spiko, a famend platform that offers with real-world property, has $69.86 million in TVL. Nevertheless, it accounts for five.93% (a comparatively smaller) portion of Polygon’s whole TVL. After that, a preferred decentralized change QUICK is at 5e spot and is nice for a TVL of roughly $54.15 million. This quantity represents 4.60% of Polygon’s TVL.
The record continues with TNGBL (an RWA/Yield platform) with a TVL of $40.79 million. This quantity represents 3.46% of Polygon’s whole TVL. The subsequent mission on the record is COMP, a lending platform with a TVL of $33.38 million. The TVL exhibits 2.83% of Polygon’s whole worth locked. BAL, a decentralized change, takes the 8e place with $20.37 million in its TVL. This determine represents 1.73% of Polygon’s whole combination worth.
STG is on the backside of the record with solely a 1.38% share of Polygon’s TVL
Based on Phoeninx Group, the 9e participant on this record is one other DEX who accounts for $16.74 million in his TVL. This equates to nearly 1.42% of Polygon’s TVL. STG, a cross-chain discussion board, is available in final at tenthe is in first place as TVL reaches $16.22 million, representing simply 1.38% of Polygon’s whole worth.