Polygon Overtakes ETH In Daily NFT Sales Volume

Polygon, an Ethereum scaling solution network, continues flourishing despite the ongoing general crypto bear market.

Polygon, an Ethereum scaling solution network, has once again outperformed Ethereum in daily non-fungible token trading sales volume.

According to data from on-chain crypto market data aggregator and multi-chain non-fungible token collection explorer cryptoslam.io, Polygon has blitzed other leading NFT blockchain networks, including Ethereum, Mythos Chain, Solana, and Immutable, in the past 24 hours.

Polygon-based NFT collections have recorded a trading sales volume of $2.8 million in the past 24 hours.

At press time (08:05 ET), Ethereum, the blockchain network known for powering most of the top NFTs in the NFT market, is the second most-traded blockchain network in the NFT market. The Ethereum-based NFT collections have amassed a trading sales volume of $2.6 million in the past 24 hours. During this time, the Ethereum NFT trading sales volume has plunged by 71% from the previous day.

Mythos Chain, the blockchain network ensuring secure and efficient transactions in the Mythos gaming ecosystem, is the third most-traded blockchain network in the NFT market. The Mythos Chain-based NFT collections have recorded a trading sales volume of $2.1 million in the past 24 hours. During this time, the Mythos Chain NFT sales volume has plunged by 2.09% from the past day.

Immutable and Solana are the fourth and fifth most-traded blockchain networks in the NFT market. In the past 24 hours, Immutable-based NFT collections have amassed a trading sales volume of $1.2 million, while Solana-based NFT series have recorded a trading sales volume of $1.1 million. During this time, Immutable and Solana NFT trading sales volumes have surged by 208% and 67%, respectively.

Courtyard, a non-fungible token collection consisting of a limited edition of 80,461 NFTs living on the Polygon blockchain network, is the main contributor to the Polygon NFT market growth. In the past 24, the Courtyard NFT collection has raised a trading sales volume of $2.5 million. During this time, the Courtyard NFT trading sales volume has surged by 1.54% from the previous day. The Courtyard NFT collection has contributed over 80% of the total Polygon sales volume.

Source: cryptoslam

However, this is not the first time Polygon has outperformed Ethereum in daily NFT trading sales volume. In January 2024, Polygon surpassed Ethereum and other blockchain networks in terms of daily NFT sales volume. At the time, the driving force behind the Polygon NFT boom was the Gas Hero Common Heroes, a non-fungible token collection from the Web3 game Gas Hero. This NFT collection amassed a trading sales volume of over $3 million.

Polygon has flipped Ethereum for 24 hour NFT Volume..? pic.twitter.com/54Fm5msv2t

— Reece (※,※) (@0xReecey) January 7, 2024

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