Polygon NFT Surge: Sales Volume Peaks
An increase in the overall number of NFT deals and an upward trend in NFT sales volume, especially during the past seven weeks, are indicators of this expansion.NEW: Polygon NFT sales volume is surging to levels not seen in over 6 months. — Today In Polygon (@TodayInPolygon)Polygon has in a single day, according to CryptoSlam data. This is more than twice as much as Solana, which sold a little over $4.1 million. Flippening began when Solana’s sales volume fell more than 17% in a day, whereas Polygon NFT sales volume increased by 42%.
NFT Collection Rankings by Sales Volume. Source: CryptoSlamToday In Polygon, a popular X (formerly Twitter) handle, recently tweeted about blockchain’s rise in the NFT market. According to the post, Polygon’s NFT sales volume was rising to levels not observed for more than half a year. This episode suggested a renewed interest in MATIC NFTs, which in the upcoming months may have a more significant effect on the ecosystem.
NEW: Polygon NFT sales volume has reached $47M in the month of December. This is the highest monthly volume since February 2023. — Today In Polygon (@TodayInPolygon)Based on DappRadar statistics, the top Polygon NFTs during the previous 30 days were Genesis WildPas, Collect Trump, The Sandbox, and Gas Hero Coupon NFTs.
MATIC market cap currently at $7.582 billion. Chart:
MATIC Up Amidst Market Complexity
While this was going on, the token’s price chart turned green, encouraging MATIC bulls to pick up their game. MATIC has increased by more than 3% in the last day alone, according to CoinMarketCap. With a market valuation of more than $8 billion, it was trading at $0.83 at the time of writing. Even with these encouraging indicators, certain areas displayed unfavorable patterns, such as a decline in the graph of unique addresses and a drop in the quantity of transactions after a peak on December 25, 2023. These inconsistent tendencies highlight the intricate mechanisms at work within the Polygon NFT ecosystem, despite the fact that the cryptocurrency market is infamously volatile.Featured image from Freepik