๐ฃ๐ผ๐น๐๐ด๐ผ๐ป Q1 2025: Strong ๐๐ฟ๐ผ๐๐๐ต in TVL, NFTs, and Stablecoins โ ๐๐ป๐๐ถ๐ด๐ต๐๐ ๐ณ๐ฟ๐ผ๐บ ๐ ๐ฒ๐๐๐ฎ๐ฟ๐ถ.
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According to the latest Messari report, Polygon (@0xPolygon) continues to demonstrate its strength as a leading Layer 2 solution in Q1 2025. The networkโs Total Value Locked (TVL) grew 23%, reaching $1.2 billion, with QuickSwap and Spiko as the top contributors. This growth reflects increasing confidence in Polygonโs scalable infrastructure.
Stablecoins on Polygon saw a 23.3% rise in supply to $22 billion, led by major players USDC and USDT. This surge underlines Polygonโs growing role in facilitating decentralized finance (DeFi) activities with cheaper and faster transactions.
Polygonโs user activity remains impressive, with 3.4 million daily transactions and over 546,000 active wallets recorded in Q1. Such metrics highlight the networkโs real-world adoption beyond just speculative interest.
NFT activity also surged, with a record $56.5 million in trading volume during the quarter. Pokรฉmon-themed collections dominated the NFT space, accounting for $29 million of the volume, showcasing the continued popularity of digital collectibles on Polygon.
These findings position Polygon as a major player not only in Layer 2 scaling but also in NFTs and stablecoin ecosystems. The report emphasizes how Polygonโs technology supports a robust and expanding decentralized economy, contributing significantly to blockchain adoption worldwide.
For the full insights, read the Messari report here:
https://messari.io/report/state-of-polygon-q1-2025
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