Polygon (MATIC) blockchain surpasses Ethereum in NFT sales volume, driven by real-world asset (RWA)-based projects like Courtyard.

The Polygon blockchain, a layer 2 scaling solution for Ethereum, has been making headlines with significant updates. These developments reflect its ongoing efforts to innovate and expand in the competitive blockchain space.

Polygon blockchain, a layer 2 scaling solution for Ethereum, has been making headlines with significant updates. These developments reflect its ongoing efforts to innovate and expand in the competitive blockchain space. From new initiatives and partnerships to leadership transitions, Polygon is adapting to the evolving demands of the cryptocurrency landscape.

Key Points:

* Polygon blockchain recently surpassed Ethereum in NFT sales volume, driven by real-world asset (RWA)-based projects like Courtyard. This milestone highlights its growing influence in the NFT and DeFi sectors. However, the POL token has shown volatility, with a recent breakout from a five-month downtrend to $0.26 on April 25, 2025, but analysts warn of a potential 40% price crash due to bearish patterns, despite growth in DeFi and stablecoin activities.

* One of the most significant updates is the departure of Mihailo Bjelic, a co-founder of Polygon, from the Polygon Foundation board, announced on May 23, 2025, via an X post. This follows the exit of three co-founders since 2023, raising some eyebrows in the crypto community about the platform’s leadership stability. Despite these changes, the Polygon blockchain’s operations remain unaffected, with the organization continuing under its existing structure. This transition period could be pivotal, as it may influence future strategic decisions and investor confidence.

* A note worth looking at from Mihailo Bjelic on X here:

After 4.5 years of building the Polygon Foundation with some of the most amazing people I know, I’ve decided to move on from the Foundation board to pursue other opportunities. I’m incredibly proud of what we’ve accomplished together during my time at the Foundation. From launching the wildly successful and fun Parallel Chain Program to bringing on an amazing team at the Foundation, I’m grateful for the opportunity to have contributed to the growth of the Polygon ecosystem. I’m excited to see what the future holds for the Polygon Foundation and the broader Polygon ecosystem.

— Mihailo Bjelic (@MihailoBjelic) May 22, 2025

* Polygon has introduced a new incubation and launchpad program. This initiative aims to support emerging projects within the Polygon ecosystem, providing them with resources to thrive. A key feature is the reward system, where POL stakers receive airdrops from projects that graduate from the program. This move is designed to boost community engagement and incentivize participation, potentially increasing the network’s activity and value accrual for POL holders.

* A landmark partnership with Reliance Jio, India’s largest telecommunications company, was announced, aiming to bring blockchain capabilities to over 450 million Indians. This collaboration leverages Polygon’s scalable and efficient technology stack to drive innovation and adoption in one of the world’s largest digital markets. Given India’s growing interest in blockchain and digital assets, this partnership could significantly expand Polygon’s user base and influence in the region, potentially setting a precedent for similar initiatives globally.

* Polygon blockchain has achieved a notable milestone by surpassing Ethereum in NFT sales volume. This surge is driven by real-world asset (RWA) based projects like Courtyard, which have gained traction on the network.

This development underscores Polygon’s growing prominence in the NFT and DeFi sectors, positioning it as a competitive alternative to Ethereum for creators and collectors. The increase in active addresses and ecosystem momentum, as noted in recent analyses, further supports this trend.

* The POL token, Polygon’s native cryptocurrency, has shown volatility in recent weeks. On April 25, 2025, it surged nearly 20% to $0.26, breaking out of a five-month downtrend, as reported by Crypto News. Current market data as of May 25, 2025, shows POL trading at $0.230513, with a 24-hour volume of $1,255,725 and a market cap of $349,713,415, reflecting a 2.82% decline over the last 24 hours and a 3.22% drop over seven days.

* A spin-off from Polygon, Miden, has secured $25 million in funding from investors including a16z crypto, 1kx, and HackVC. The funds will be used to develop an edge blockchain focused on speed and privacy, targeting institutional clients. This development expands the Polygon ecosystem’s capabilities, potentially attracting more enterprise-level adoption and reinforcing its position in the blockchain industry.

You can find Miden documentation here: https://polygon.technology/polygon-miden

The table below highlights Polygon’s competitive edge in certain areas, particularly in NFTs and emerging markets, while acknowledging Ethereum’s established position.

Polygon is known for its commitment to interoperability