Quick Take
Polygon (formerly Matic) was founded in 2017 by Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic to provide a scaling solution and framework for Ethereum-compatible blockchain networks
As of May 21, 2021, roughly $6.5 billion of Ethereum and Ethereum-based tokens were locked within smart contracts on Polygon
In total, The Block has identified 356 projects and companies across 13 different verticals currently expanding on Polygon’s ecosystem
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