According to DefiLlama, the total value locked (TVL) in DeFi protocols on the Polygon blockchain has reached approximately $844 million, highlighting the active adoption of decentralized finance applications.
Aave and Uniswap: Leaders on Polygon
Aave remains the largest DeFi protocol on Polygon with a TVL of $396 million, despite a 0.23% decrease in the past 30 days. Uniswap, a leading decentralized exchange, holds the second spot with $108 million in locked assets, experiencing an 11.5% drop in the same period.
Other Notable Protocols
Polymarket follows closely with $106 million in TVL. Spiko has shown positive momentum with a 13.1% increase in TVL over the last month to $101 million. QuickSwap has shown one of the most significant upticks in TVL, growing 13.8% to reach $70.1 million, indicating increased trading activity on the platform.
Trends in DeFi on Polygon
Among emerging DeFi protocols, Tangible holds $39.1 million, BlackRock BUIDL manages $33.5 million, and Compound records $32.5 million in TVL. Balancer has a TVL of $26.6 million, with a 6.62% decline in the last 30 days. The market capitalization of key projects also varies significantly: Aave leads with $4.44 billion, while Uniswap’s market cap stands at $7.21 billion. QuickSwap has a much smaller market cap, at $23 million, reflecting its niche presence in the DeFi space.
Polygon's DeFi ecosystem remains strong, despite mixed TVL trends. Established protocols like Aave and Uniswap continue to dominate, while QuickSwap and Spiko show notable growth. Polygon remains a significant player in the sector, offering a variety of financial applications to users.
