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Polygon Network (MATIC) TVL Surpassed by This Ethereum L2


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Vladislav Sopov

For first time ever, main Ethereum (ETH) scaling ecosystem Polygon (MATIC) has decrease TVL than Optimism — however there’s caveat

Contents

  • Optimism (OP) now exceeds Polygon (MATIC) by this significant metric
  • Ethereum’s L2s are rocketing in Q3, 2022

Second-Layer options on prime of the Ethereum (ETH) community turn out to be more and more in style in 2022; L2 majors Optimism and Arbitrum are internet hosting over 160 protocols mixed.

Optimism (OP) now exceeds Polygon (MATIC) by this significant metric

Optimism (OP), a largest rollup-based second-layer scaling answer for the Ethereum (ETH) community, has completed yet one more milestone when it comes to huge adoption.

Polygon surpassed by Optimism in TVL
Picture by DefiLlama

As displayed by DefiLlama, a serious tracker of decentralized finance (DeFi) protocols, 61 product on the Optimism (OP) community amassed $2.38 billion in whole worth locked (TVL).

In the meantime, 282 protocols on the Polygon community (MATIC) managed to draw $1.83 billion. Each outcomes embrace the statistics of borrowed cash.

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Tron (TRX) and Solana (SOL) stay the leaders of the non-EVM section — it contains protocols that lack seamless compatibility with Ethereum (ETH) — with $5.88 billion and $2.29 billion locked respectively.

Ethereum’s L2s are rocketing in Q3, 2022

Each Optimism (OP) and Arbitrum, two largest second-layer networks on Ethereum (ETH), are utilizing the Optimistic Rollups know-how to bundle Ethereum (ETH) transactions and broadcast them to the mainnet.

In August 2022, Ethereum’s L2s ecosystem lastly managed to erase its losses related to the aftermath of the Terra (LUNA) drama in Could. When it comes to TVL, the protocols spiked to pre-collapse ranges.

Ethereum L2s spiked to three-month highs
Picture by L2Beat

Within the final seven days, Optimism (OP) witnessed a panoramic 700% run when it comes to the TVL quantity, DefiLlama says.



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