Markets
Share this article

Mark Cuban Invests in Ethereum Layer 2 Polygon

"I was a Polygon user and find myself using it more and more," Cuban said in an email.

By Zack Seward
Updated Sep 14, 2021, 1:01 p.m. Published May 25, 2021, 7:09 p.m.
jwp-player-placeholder

Billionaire investor Mark Cuban has made an investment in Polygon, a layer 2 Ethereum scaling solution.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

  • Cuban confirmed the investment in an email to CoinDesk but would not disclose its size or composition.
  • The price of MATIC, the native token of Polygon, is up more than 9,535% year to date, according to Messari.
  • With decentralized finance (DeFi) and other projects going live on Polygon, users have increasingly turned to the platform to escape the high transaction fees of the Ethereum mainnet.
  • "I was a Polygon user and find myself using it more and more," Cuban said in an email.
  • He said he's also integrating it into Lazy.com, a Cuban portfolio company that allows people to easily display non-fungible tokens (NFTs).
  • "We have spoken to many investors but the discussion with Mark Cuban was truly mind blowing," Polygon co-founder Sandeep Nailwal told CoinDesk via Telegram.
  • Polygon was listed on Cuban's website Tuesday as one of his holdings:

Read more: Polygon Price Climbs to Record High, Benefiting From Ethereum Congestion

investmentEthereum NewsMark CubanDeFiPolygon

More For You

Protocol Research: GoPlus Security

By CoinDesk Research
Nov 14, 2025
Commissioned byGoPlus
GP Basic Image

What to know:

  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report

More For You

These Three Metrics Show Bitcoin Found Strong Support Near $80,000

By James Van Straten|Edited by Jamie Crawley
6 hours ago
True Market Mean (Glassnode)

Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.

What to know:

  • Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
  • The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
Read full story