Polygon Surpasses Ethereum In Daily NFT Sales Volume

Polygon, an Ethereum scaling answer community, continues flourishing regardless of the continuing normal crypto bear market. For the second time in crypto historical past, Polygon has surpassed Ethereum, Mythos, and Solana blockchain networks by way of day by day non-fungible token buying and selling gross sales quantity. Prior 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 Day by day NFT Gross sales Quantity

Information 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 day by day buying and selling gross sales quantity. Prior 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 prime NFTs, is right this moment’s second most-traded blockchain community within the NFT market. Prior 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 right this moment’s third most-traded blockchain community within the NFT market. Prior 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 right this moment’s fourth and fifth most-traded blockchain networks within the NFT market. Prior 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 collection 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.

Components Fueling Polygon’s NFT Development

Courtyard, a non-fungible token assortment consisting of a restricted version of 80,461 NFTs dwelling on the Polygon blockchain community, is the primary contributor to the Polygon NFT market development. Prior 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 day by day NFT buying and selling gross sales quantity. In January 2024, Polygon overtook Ethereum and different blockchain networks by way of day by day NFT gross sales quantity. On the time, the driving pressure behind the Polygon NFT increase was the Gasoline Hero Widespread 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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