POLYGON DEFI PLATFORMS SURPASS ETHEREUM VERSIONS.

Published on: 14.06.2021

Polygon DeFi vs Ethereum DeFi is going to be the main event in the industry for months to come. Ethereum is undoubtedly the smart contract leader out there. Yet, Polygon, a newcomer to the field, is exhibiting impressive activity over the past month. Based on DappRadar data, analyzing the performance of Aave and SushiSwap on both Ethereum and Polygon reveals some interesting trends.

Traditionally, Ethereum is considered the founding father of all dapps and smart contract capabilities. Unfortunately, the growing demand has pushed the blockchain to its limits, and gas fees have been growing exponentially over the past several months. Sidechain solutions and alternatives are finding an audience now, and gain traction with users.

⬇️DETAILS:

https://dappradar.com/blog/polygon-defi-platforms-surpass-ethereum-versions

Market Stats:
BTC Dominance: 62.58%(-0.91%/24h)
ETH Dominance: 8.66%(+0.42%/24h)
Defi Market Cap: $104.24B(+4.93%/24h)
Total Market Cap: $3268.52B(+1.57%/24h)
Total Trading Volume 24h: $173.74B(+6.30%/24h)
ETH Market Cap: $283.37B
Defi to ETH Ratio: 36.78%
Defi Dominance: 3.08%
Altcoin Market Cap: $1222.97B
Altcoin Volume 24h: $116.52B
Total Cryptocurrencies: 34469
Active Cryptocurrencies: 9793
Active Market Pairs: 101824
Active Exchanges: 815
Total Exchanges: 10406
BTC: 103044.18$(0.11%/1H)
ETH: 2352.33$(-0.14%/1H)
AVAX: 23.42$(0.37%/1H)
BNB: 671.92$(-0.3%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.78$(0.01%/1H)
DOT: 4.9$(-0.16%/1H)
UNI: 6.5$(-0.47%/1H)
CAKE: 2.48$(-1.36%/1H)
SUSHI: 0.78$(-0.86%/1H)
ONE: 0.02$(-1.34%/1H)