May 24, 2021, 2:52PM EDT
• 43 min read

Mapping out Polygon's ecosystem

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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