Breaking: Polygon Becomes The Leading NFT Blockchain

Breaking: Polygon Becomes The Leading NFT Blockchain – Its NFT Sales Jump 42%

Updated: 30 June 2024

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Non-fungible tokens hosted on Polygon, an Ethereum scaling blockchain network, are making a huge comeback despite the rest of the NFT market being in a downtrend. Today, Polygon NFTs have seen a significant positive surge, pushing Polygon to become the most-traded blockchain network in the NFT ecosystem for the first time.

Polygon NFT Sales Jumps 42% Today

Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token explorer, shows that non-fungible token collections created on Polygon have surged in trading sales volume today. In the past 24 hours, Polygon-based NFT collections have amassed a trading sales volume of $3.9 million, representing a 42% surge from the past day.

The recent surge in Polygon-based non-fungible token sales volume appears at a time when other digital items from blockchain networks like Solana, an open-source blockchain that supports smart contracts, including non-fungible tokens and a variety of decentralized applications, and Bitcoin, the blockchain network popularly known for its Ordinal and Runes NFT collections, have lost their initial market hype.

In the past 24 hours, Ethereum has been the second most-traded blockchain network, closely following Polygon trading ranking, with a non-fungible token trading sales volume of $3.6 million. The Solana blockchain network ranks third with a trading sales volume of $2.5 million, while Bitcoin ranks fourth with a trading sales volume of $1.9 million. Ethereum, Solana and Bitcoin are down 45%, 12% and 16%, respectively.

Factors Fueling Polygon NFT Growth Today

The growth in the Polygon NFT ecosystem is linked to several non-fungible token collections that have exploded in sales today. One includes the Base Ape Polygon, a new non-fungible token collection featuring a limited supply of 10,001 NFTs, which has skyrocketed 1.41% in sales today. In the past 24 hours, the Base Ape Polygon NFT collection has raised a sales volume of $712,829.

The other notable non-fungible token collection, which might have fueled Polygon’s growth today, is Poker NFT. In the past 24 hours, the Poker NFT collection has attracted a trading sales volume of $684,042, representing more than 1000% from the past day. Other NFT collections on the top ten NFT dashboard today include the Sea Dragon and Sunny Girl NFT collection.