Polygon Hits 10-Month NFT Sales Peak in Strong 2023 Finish
- Polygon NFTs gained significant traction in December 2023.
- NFT collections associated with a Stepn-linked game are driving increased volumes.
- Polygon still ranks behind Solana, Ethereum, and Bitcoin in volumes.
Following a largely lackluster performance for most of 2023, the Polygon PoS chain mustered significant momentum to show significant strength towards the end. Aside from the impressive price performance of MATIC , the native token of the Polygon network, data suggests that Polygon’s NFT ecosystem also witnessed significant buzz in December 2023.
Polygon NFT Sales Skyrocket
In a tweet on Sunday, December 31, Polygon-focused X account Today In Polygon highlighted that the monthly Polygon PoS NFT sales volume had reached its highest point since February 2023, with over $47 million in December 2023. The spike suggests that interest in Polygon NFTs is on the rise.
CryptoSlam data suggests that NFT collections related to Gas Hero, a Web3 massively multiplayer online game (MMO) from Find Satoshi Labs, the developers of Stepn, have contributed the most to Polygon NFT sales in the past 30 days. The GasHeroBadge collection led the pack, raking in $15.8 million within the period. GasHeroCoupon came a close second with $13.6 million.
The game has gained significant traction in recent weeks through multiple giveaway promotional campaigns, even though it has yet to launch.
Despite its impressive run in December 2023, the Polygon network ranked fourth amongst blockchains by NFT sales volume, far behind Solana in third, Ethereum in second, and Bitcoin in first.
On the Flipside
- Polygon remains far behind the competition in NFT sales volume despite its strong performance in December 2023.
Why This Matters
The recent spike in Polygon NFT sales volume suggests that the ecosystem is gaining significant traction.
Read this to learn more about the hype behind Gas Hero NFTs:
Here’s Why Polygon’s NFT Sales Volume Is up Over 150%
See why the DOJ’s decision on outstanding Sam Bankman-Fried (SBF) charges is attracting backlash:
Here’s Why SBF’s Second Trial Halt Has Sparked Outrage
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
LAUNCHCOINUSDT now launched for futures trading and trading bots
Bullish, Gibraltar Partner on Crypto Derivatives Settlement Framework
Bullish, the cryptocurrency exchange backed by Peter Thiel, has partnered with the Government of Gibraltar and the Gibraltar Financial Services Commission to co-develop a regulatory framework for the clearing and settling crypto derivatives.
Arizona Governor Vetoes Pro-Crypto Bills, Signs Strict Bitcoin ATM Regulation
Arizona Governor Katie Hobbs has made a decisive move on the state’s approach to digital assets, vetoing multiple cryptocurrency-friendly bills while signing a strict regulatory measure for Bitcoin ATM operations into law.
Australia’s Crypto Sector Welcomes Pro-Crypto Appointment in Government Reshuffle
Australia’s digital asset industry is showing renewed optimism following the appointment of Andrew Charlton as Assistant Minister for the Digital Economy, Artificial Intelligence, and other emerging technologies. The announcement was made by Prime Minister Anthony Albanese during a press conference in Canberra on May 12, marking a significant shift in the government’s approach to emerging tech sectors.
Trending news
MoreCrypto prices
More
