The total value locked (TVL) in the Defi Ecosystem of Polygon (Pol) has risen almost 43% since the beginning of this year.
According to Defillama factsThe network registered $ 864 million in TVL on January 1 and added about $ 400 million in the coming months to reach $ 1.23 billion from August 18.
In addition, the POL price reflected the TVL growth in the last 30 days, which rises above the average of the sector.
Growth driven by traditional protocols
In the last 30 days, the Polygon TVL rose by 7% and reached the highest level since mid -December. The Dex, Quickswap and the Polymarket for the forecast market were the two most important factors behind $ 80 million increase.
Quickswap has registered around $ 52 million in TVL inflow for the past 30 months and grew by 13.4% in the period. The increase marked the first time that Quickswap has surpassed $ 440 million in total deposits since May 2022.
In addition, Polymarket attracted around $ 28 million to Bettors’s money in its 30.2% growth registered in the last 30 days.
In particular, there is potential for more TVL growth. Data from Artemis shows $ 123 million on Netflows Focused on polygoon in the last 30 days. The movement suggests that funds go on the blockchain that can still be assigned to decentralized applications.
Pol performs better than colleagues
The price of Pol rose by 6.6%for the past 30 days. Although the number is not a typical run with two digits that can be seen in tokens with small market caps, it was enough for Pol to surpass his colleagues in the sector.
Artemis groups tokens such as Pol, Solana, Sui and other smart contract-oriented block chains in the “Smart Contract Platform” category. Under the 46 tokens followed In this category, the average weighted performance was 4.5%in the last 30 days.
As a result, Pol’s performance is almost 50% above the sector’s monthly average profit. In addition, given the 22 sectors followed by Artemis, together with Bitcoin and Ethereum, the average performance was less than 0.5%.
Despite the rough price promotion Pol that has been experienced since 2024, the last 30 days were relatively good enough, probably fed by action on chains.
