Polygon Reaches Highest Value Locked Point of 2023 Amidst Network Growth

Polygon, a prominent Layer-2 scaling solution for Ethereum, is experiencing a resurgence in 2025. The chain had seen decreased usage and activity following the 2021 crypto boom, but has witnessed a significant rise in value locked in recent months. This growth is driven by increased DeFi activity, Polymarket’s surging popularity, and growing network adoption. 2025’s bullish market has further fueled Polygon’s momentum. 2023 marked the peak of Polygon’s activity with its value locked level reaching over $1.25B for the year to date, a significant milestone rarely seen since then. This surge is attributed to Polymarket’s expansion and DeFi activity on the platform.