@Increment_HQ Although Aave Lending activity spiked in March following 3 banks failing, Aave activity and retention for April went back down because the Fed stepped in and guaranteed all deposits, even those above $250K
@Increment_HQ Based on the Number of Trades and New Pairs created not dropping since June 5th, there seems to be confidence that DEX are decentralized enough to withstand SEC aggressive regulatory actions.
What is behind the phenomenal growth of Polygon?
Using Covalent's powerful blockchain analysis tool Increment, let's compare the growth a Layer 2 and Layer 1 scaling solution: Polygon and Avalance C-Chain.
@Increment_HQ
@Increment_HQ In summary, Polygon as a layer 2 scaling solution for Ethereum has grown because it enables users to have fast and cheap transactions and for organizations to grow their brand with a wider customer base.