{"id":541641,"date":"2024-06-30T16:50:52","date_gmt":"2024-06-30T16:50:52","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=541641"},"modified":"2024-06-30T16:50:52","modified_gmt":"2024-06-30T16:50:52","slug":"breaking-polygon-becomes-the-leading-nft-blockchain-its-nft-sales-jump-42","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/breaking-polygon-becomes-the-leading-nft-blockchain-its-nft-sales-jump-42","title":{"rendered":"Breaking: Polygon Becomes The Leading NFT Blockchain – Its NFT Sales Jump 42%"},"content":{"rendered":"

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.<\/p>\n

Polygon NFT Sales Jumps 42% Today<\/h2>\n

Data compiled by CryptoSlam.io<\/a>, 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.<\/p>\n

\"polygon<\/p>\n

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.<\/p>\n

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.<\/p>\n

Factors Fueling Polygon NFT Growth Today<\/h2>\n

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.<\/p>\n

\"Polygon<\/p>\n

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.<\/p>\n

Related NFT News:<\/h3>\n