Polygon Network (MATIC) TVL Surpassed by This Ethereum L2

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Polygon Network (MATIC) TVL Surpassed by This Ethereum L2
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ICYMI: Ethereum's Optimism now exceeds Polygon by TVL $MATIC MATIC ETH $ETH

Second-layer solutions on top of the Ethereum network become increasingly popular in 2022; L2 majors Optimism and Arbitrum are hosting over 160 protocols combined.Optimism , a largest rollup-based second-layer scaling solution for the Ethereum network, has accomplished yet another milestone in terms of massive adoption.As displayed by DefiLlama, a major tracker of decentralized finance protocols, 61 products on the Optimism network amassed $2.38 billion in total value locked .

Meanwhile, 282 protocols on the Polygon network managed to attract $1.83 billion. Both results include the statistics of borrowed money.Tron and Solana remain the leaders of the non-EVM segment — it includes protocols that lack seamless compatibility with Ethereum — with $5.88 billion and $2.29 billion locked, respectively.

In August 2022, Ethereum's L2s ecosystem finally managed to erase its losses associated with the aftermath of the Terra drama in May. In terms of TVL, the protocols spiked to pre-collapse levels.

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