Polygon (MATIC) Tops The Daily NFT Market Chart as Non-fungible Token (NFT) Collections Explode in Trading Sales Volume

The non-fungible token market has recorded positive growth today after the Polygon-based non-fungible token collections, among other digital collectibles, exploded in trading sales volume.

The non-fungible token market has recorded positive growth today after the Polygon-based non-fungible token collections, among other digital collectibles, exploded in trading sales volume. In the past 24 hours, the NFT market has amassed a trading sales volume of $18 million, increasing by 14% from the past day. This surge is linked to the Polygon NFT market, which has skyrocketed by 64% over the past 24 hours.

Polygon Flips Ethereum In The NFT Market

Data compiled by Cryptoslam.io, an on-chain crypto market data aggregator and a non-fungible token explorer, shows that the NFT market has recorded some gains today. In the past 24 hours, the NFT market has amassed a trading sales volume of $18 million. At the same time, the NFT sales volume has surged by over 60% from the previous day. The NFT market started recording some growth last week, following the footsteps of its parent, the crypto market, which has seen tremendous growth this week.

The crypto market has recovered over 50% from the start of the year, while Bitcoin has risen over 80% for the year to date. The crypto market capitalization has also surged to $3 trillion, a level last seen in early 2022.

The NFT market has also seen some recovery in recent times, although it is yet to reach the highs of last year. The NFT market hit a record high of over $280 billion in early 2022 before the market downturn. Afterwards, the market dropped to lows of $30 billion in November 2022.

At the moment, the NFT market is still down over 90% from its all-time highs. However, the market has shown signs of a comeback in recent weeks, as traders return to the market.

At the moment, the NFT market is pivoting towards Web3 games and metaverse projects. The largest Web3 game, Chainmonsters, contributes the most to the daily NFT market chart.

In the past 24 hours, Chainmonsters has amassed a trading sales volume of $3.8 million, reducing its daily gains to 35%. Nonetheless, Chainmonsters remains the largest contributor to the daily NFT market chart.

DNS Is The Top-Selling NFT Collection On Polygon

Polygon is today’s most-traded blockchain network. In the past 24 hours, the Polygon-based NFT collection has amassed a trading sales volume of over $5 million. During this period, the Polygon NFT sales volume has increased by over 64% from the past day. Polygon has flipped Ethereum in the NFT market for the first time in the past several weeks.

Ethereum is today’s second most-traded blockchain in the NFT market. In the past 24 hours, the Ethereum-based NFT collection has recorded a trading sales volume of over $4.9 million, increasing by 16% from the past day. Bitcoin and Mythos chain are the third and fourth most-traded networks in the NFT market. In the past 24 hours, the Bitcoin and Mythos Chain-based NFTs have raised a trading sale volume of $2.4 million and $1.9 million respectively.

DNS, a new non-fungible token collection, is the top-selling NFT collection on the Polygon NFT market. In the past 24 hours, the DNS NFT collection has amassed a trading sales volume of $2.5 million, and it is up by 724% from the past day. Courtyard is the second most-selling NFT collection on the Polygon NFT market, amassing a trading sales volume of $2.1 million. Courtyard and DNS NFT collections are the main contributors to the daily NFT market growth on the Polygon network.