Institutional Investors Come to Polygon Amid Rising Ethereum Layer-2 Demand, Blockchain Data Shows

Retail investors and traders are not alone among the decentralized finance (DeFi) users flocking to Polygon, which is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks, known as a “layer 2” network. An increasing number of institutions and large investors are also joining the Polygon throng, according to blockchain data.

At the beginning of June, about 65% of daily stablecoin transaction volume on Polygon came from transactions with values…


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