Total value locked on polygon (matic) grew by 1,102% in may 2021

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A crypto asset that I missed from my radar is Polygon, which seems to have seen a massive growth of 1102% of Total Value Locked (TVL). It could have been a great investment, but someone needs to stop at some point where is involved into...

 

According to DappRadar, Polygon sees a massive increase by 1102% from the former record of $5.7billion. This means that the total value locked on MATIC is now $7.33billion as shown in the DeFiPulse chart. There's also an increase in the number of unique addresses interacting with Polygon (MATIC) by 4x. These growth is geared by DeFi, existing dapps on Ethereum moving in to Polygon and also the investment from Mark Cuban.

 

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