Polygon Leads Chains with Over $407M in New Inflows Driven by Polymarket Success
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Leading Net Inflows: Polygon achieved over $407 million in net inflows over the past three months, making it the top-performing chain, primarily driven by the success of Polymarket, which highlights its strong market appeal.
- Significant Deposit Growth: The chain recorded $1.7 million in total deposits during this period, with Polymarket's active trading further boosting this growth, indicating Polygon's ongoing attractiveness in user engagement and trading volume.
- Strengthened Market Position: Polygon maintains high USDC transfer volumes and is building an on-chain transaction network through the acquisition of Coinme and Sequence, aiming to provide up to 50,000 fiat-to-crypto access points, enhancing its role as a payment platform.
- Strategic Transformation: Polygon is undergoing a strategic pivot, planning to cut up to 30% of its workforce to focus on payment operations, and despite the overall slowdown in the crypto market, stablecoin payments continue to grow, demonstrating its ability to adapt to market changes.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
