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