8Pay Joins Polygon’s for the Future of Defi
Some of the biggest DeFi platforms that have moved onto Polygon are already seeing success on the network. Coindesk has reported that AAVE, DeFi’s largest money market by TVL, has seen daily transaction volumes averaging $6.5B per day on Polygon compared with averages under $3B on Ethereum.
Most of these transactions have been attributed to retail investors, but recent analysis of on-chain data shows institutional investors are moving onto Polygon everyday, and this bodes incredibly well for 8Pay’s choice to develop on Polygon as we continue to grow.
Furthermore, it appears that Polygon is quickly outpacing every other solution tackling Ethereum’s scalability problem.
About 8PAY
8PAY is an all-in-one payment protocol that enables quick and simple recurring transactions with digital currencies.
SOURCE: https://8pay.medium.com/8pay-joins-polygons-for-the-future-of-defi-f47cf4fe77b
