Polygon Surpasses Ethereum In Daily NFT Sales Volume

Polygon, an Ethereum scaling resolution community, continues flourishing regardless of the continued normal crypto bear market. For the second time in crypto historical past, Polygon has surpassed Ethereum, Mythos, and Solana blockchain networks by way of each day non-fungible token buying and selling gross sales quantity. Up to now 24 hours, the Polygon-based NFT collections have recorded a buying and selling gross sales quantity of $2.8 million.

Polygon Overtakes ETH In Every day NFT Gross sales Quantity

Knowledge compiled by cryptoslam.io, an on-chain crypto market knowledge aggregator and a multi-chain non-fungible token assortment explorer, signifies that Polygon has overtaken different main NFT blockchain networks, together with Ethereum, Mythos Chain, Solana, and Immutable, in each day buying and selling gross sales quantity. Up to now 24 hours, the Polygon-based NFT collections have raised a buying and selling gross sales quantity of $2.8 million.

Ethereum, the blockchain community famend within the NFT marketplace for powering many of the high NFTs, is in the present day’s second most-traded blockchain community within the NFT market. Up to now 24 hours, the Ethereum-based NFT collections have amassed a buying and selling gross sales quantity of $2.6 million. Throughout this time, the Ethereum NFT buying and selling gross sales quantity has plunged by 71% from the day past.

Mythos Chain, the blockchain community guaranteeing safe and environment friendly transactions within the Mythos gaming ecosystem, is in the present day’s third most-traded blockchain community within the NFT market. Up to now 24 hours, the Mythos Chain-based NFT collections have recorded a buying and selling gross sales quantity of $2.1 million. Throughout this time, the Mythos Chain NFT gross sales quantity has plunged by 2.09% from the previous day.

Immutable and Solana are in the present day’s fourth and fifth most-traded blockchain networks within the NFT market. Up to now 24 hours, Immutable-based NFT collections have amassed a buying and selling gross sales quantity of $1.2 million, whereas Solana-based NFT sequence have recorded a buying and selling gross sales quantity of $1.1 million. Throughout this time, Immutable and Solana NFT buying and selling gross sales volumes have surged by 208% and 67%, respectively.

Elements Fueling Polygon’s NFT Development

Courtyard, a non-fungible token assortment consisting of a restricted version of 80,461 NFTs residing on the Polygon blockchain community, is the principle contributor to the Polygon NFT market progress. Up to now 24, the Courtyard NFT assortment has raised a buying and selling gross sales quantity of $2.5 million. Throughout this time, the Courtyard NFT buying and selling gross sales quantity has surged by 1.54% from the day past. The Courtyard NFT assortment has contributed over 80% of the whole Polygon gross sales quantity.

Supply: cryptoslam

Nonetheless, this isn’t the primary time Polygon has surpassed Ethereum in each day NFT buying and selling gross sales quantity. In January 2024, Polygon overtook Ethereum and different blockchain networks by way of each day NFT gross sales quantity. On the time, the driving power behind the Polygon NFT growth was the Gasoline Hero Frequent Heroes, a non-fungible token assortment from the Web3 sport Gasoline Hero. This NFT assortment amassed a buying and selling gross sales quantity of over $3 million.

Polygon has flipped Ethereum for twenty-four hour NFT Quantity..🤯 pic.twitter.com/54Fm5msv2t

— Reece (※,※) (@0xReecey) January 7, 2024

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