Working as a layer-2 solution for Ethereum, Polygon wants to solve one of the most important problems of DeFi with its new Blockchain called Avail. DeFi was one of the hottest sectors of the crypto industry until the rapid fund outflows seen in May.

Polygon's Avail chain started testnet at the end of June. Unlike other chains, Avail Blockchain has a structure that scales with in-chain fragmentation instead of expansion method. In standard Blockchain networks, scaling becomes a problem over time, depending on the functions of execution, location, and data availability. Polygon aims to solve the problem by separating these 3 functions with Avail. Although Polygon also works as one of the rollups and layer-2 solutions that help scaling, these solutions are limited to the Blockchain they use.

Polygon Green-2

Polygon, which wants to solve this problem with Avail, can work as the base layer of thousands of chains that can be built on in the long run. In addition, Avail Blockchain will enable other layer-2 solutions to increase functionality and reduce costs, making them compatible with every chain.

In the announcement made by the Polygon team, it was announced that while overloading suspicions were answered, Avail will work with a single function, so it can support the storage needs of hundreds of blockchains at the same time.

DeFi

Due to the general market decline in 2022, serious decreases were seen in the DeFi sector. Accordingly, the total value locked in DeFi (TVL) declined from a peak of $231 billion in May to $112 billion. In the sector, where the exits continued in the first half of June, the total locked value has decreased to 77 billion dollars at the moment.

The Polygon network, on the other hand, is the third largest Blockchain network, with a TVL of $4.13 billion today. At this point, the increase in Avail's use case is critical for Polygon. Long-term steady growth can be seen in the Polygon network and its native token MATIC, as other Blockchain networks begin to scale using Avail.