Is Polygon losing its grip in the DeFi space? Arbitrum has the answer

Is Polygon [MATIC] losing its grip in the DeFi space? Arbitrum has the answer

Effects on the ecosystem

The overall DEX volume on Polygon started to go on a downward trajectory. It fell from $128.63 million to $23.9 million over the past few days, according to data provided by Dune Analytics.Cumulatively, all of these factors impacted Polygon’s total value locked . Based on DeFiLlama’s data, the overall TVL of Polygon fell by 0.28% in the last 24 hours. At press time, it stood at $1.15 billion.network which was further backed up by the falling number of NFT trades.

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