According to new data posted by Polygon, the layer 2 solution was observed to be improving its presence in the DeFi space. This was indicated by the number of liquid staking derivates on the Polygon network which grew significantly over the last year.

As per the data provided by pledge, the number of liquid stakers on the network witnessed a massive surge over the past few months. At press time, the number of stakers on the network stood at 11,360 and the 99.6 million worth of MATIC was staked.

Despite this growth in liquid stakers, Polygon’s TVL declined in December as it fell from $1.06 billion to $998.07 million.

(By Suzuki Shillsalot)