Polygon Dominates NFTs: 16M Minted In 6-Month

Polygon has solidified its position as the leading blockchain for non-fungible tokens [NFTs], clinching the top spot, according to data from Coin98 analytics. The scaling network has demonstrated unparalleled performance by minting over 16 million NFTs, outpacing all other blockchains. Notably, this achievement comes after a notable surge in the NFT sector since December 5, 2023, which has persisted for six months, ranking the Layer-2 scaling solution as the third-highest in NFT sales volume, following Ethereum and Bitcoin.

Observers have noted a remarkable resurgence in Polygon’s NFT sales volume, with one commentator stating, “Polygon NFT sales volume is surging to levels not seen in over 6 months.” CryptoSlam data further supports this claim, revealing that the network recorded approximately $10 million in transactions in a single day, surpassing Solana’s sales volume by more than twice the amount at over $4.1 million.

The turning point occurred when Solana experienced a more than 17% decrease in sales volume in a day, while Polygon’s NFT sales volume surged by an impressive 42%. The post highlights the significance of the L-2’s renewed interest in MATIC NFTs and speculates on its potential impact on the ecosystem in the coming months. DappRadar statistics reveal the top Polygon NFTs over the previous 30 days, featuring Genesis WildPas, Collect Trump, The Sandbox, and Gas Hero Coupon NFTs.

During Q3 2023, the scaling network exhibited an impressive streak in the NFT sector, with weekly NFT sales volume surging by 131% quarter-over-quarter to reach $20 million. This surge was largely attributed to the introduction of DraftKings’ Reignmaker NFT collection, which swiftly became the top collection on Polygon PoS, highlighting the vibrancy of the NFT space within the L-2 ecosystem.

Polygon & Immutable

Beyond NFTs, the scaling network experienced a 1.4% quarter-over-quarter increase in daily active addresses, totaling 364,000, driven predominantly by the DeFi sector. Additionally, Polygon zkEVM reported a remarkable 123% quarter-over-quarter surge in daily transactions, averaging 44,000 daily transactions. These figures underscore the network’s expanding user base and robust transaction activity.

Polygon’s success extends to the blockchain gaming sector, where it recently collaborated with Immutable to unveil its native zkEVM mainnet. With over 260 games in development, this initiative is poised to have a substantial impact on the gaming landscape, marking another significant achievement for the scaling network.