great month, great chain
Monthly @0xPolygon DeFi Update:
Polygonâs DeFi ecosystem has been crushing it for yet another month, as it has been for years. In the last 30 days, this DeFi ecosystem has seen 4.7M transactions and 378.5K users, making a 5.6% increase in user growth this month.
As for the ecosystem, it is constantly brimming with a lot of different dApps outperforming on a daily basis as is covered in the âProtocol Spotlightsâ highlighted on this account. On the TVL side of things, hereâs who stands among the top 10:
1- @QuickswapDEX ($432.68M)
2- @aave ($311.06M)
3- @Spiko_finance ($148.15M)
4- @Polymarket ($116.67M)
5- @MorphoLabs ($89.31M)
6- @Uniswap ($80.44M)
7- @gauntlet_xyz ($63.98M)
8- @0xfluid ($54.47M)
9- @BlackRock ($48.18M)
10- @tangibleDAO ($41.94M)
According to @Defillama, DEX volume in the past 24h is $166.88M with Perps volume being $4.56M. However, for the whole month of July, DEX volume was $4.7B with Perps volume at $57.44M, most of which is accredited to Uniswap, Quickswap, and Sushiswap.
Shoutout to Morpho for its performance and hard work in the past 30 days, all translating in the form of explosive growth and pumped up metrics, like:
-UAWs +112.9% (66)
-Transactions +445.26% (518)
- Volume +30.71% ($249.94M)
-Contracts Balance +5.34% ($62.35M)
Itâs hard to try and recall the last time Polygonâs DeFi ecosystem wasnât performing, straight up a near impossible task the way itâs just been thriving for close to 3 years straight. And with the way this technology is advancing and the way this ecosystem is shaping up, it seems like this growth will continue forever.
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