Non-fungible coins hosted on Polygon, which is an Ethereum-growing blockchain network, are experiencing a dramatic resurgence even with the entire NFT market declining. At present, Polygon NFTs have seen an impressive rise in value, which has pushed Polygon to become the top-traded blockchain network within the NFT ecosystem for the first time.
Polygon NFT Sales Jumps 42% Today.
Data was collected through CryptoSlam.io, an on-chain cryptocurrency market data aggregator and an on-chain non-fungible token explorer, which, shows that the non-fungible collections of tokens created on Polygon have seen an increase in terms of trading volume. In the last 24 hours, the Polygon-based NFT collections have generated an amount that was $3.9 million, which is a boost of 42% over the previous day.
The recent rise in the sales of Polygon-based non-fungible tokens quantity is happening at a moment when other digital goods are being sold on blockchain networks such as Solana, the open-source cryptocurrency that can support smart contracts, which include tokens that are not fungible and a range of applications that are decentralized, as well as Bitcoin, the cryptocurrency network most well-known by its Ordinal as well as Runes NFT collections and have largely lost their initial market lustre.
Within the past one day, Ethereum has been the second-most traded blockchain network, close to Polygon trading rankings, with an un-fungible token trading total in the range of $3.6 million. Solana is the third most traded blockchain network. Solana blockchain network comes in third, with a trading amount of $2.5 million. Meanwhile, Bitcoin comes fourth with a sales amount of $1.9 million. Ethereum, Solana and Bitcoin are all down by 45 per cent by 12%, 42 16% and 45 per cent in the respective ranges.
Factors Fueling Polygon NFT Growth Today
The rapid growth of Polygon’s Polygon NFT ecosystem is linked to a variety of non-fungible token collections, which have experienced a massive boost in sales. One is the base Ape Polygon, which is a brand-new non-fungible token collection with a limited availability of 10001 NFTs. It has shot up 1.41 per cent in sales as of today. Within the last 24 hours, this Base Ape Polygon NFT collection has attracted a sale of $712,829.
Another noteworthy non-fungible token collection that may have helped drive Polygon’s growth currently includes Poker NFT. Over the last 24 hours, it appears that this collection of Poker NFT collection has attracted a trading volume of $684,042, which is over 1000% improved from the last day. Other NFT collections featured on the top 10 NFT dashboards currently comprise those from the Sea Dragon and Sunny Girl NFT collections.
