Polygon network activity spikes as NFT sales reach new height
The variety of nonfungible tokens (NFT’s) offered on the layer-two protocol Polygon reached an all-time excessive final month at simply in need of 2 million.
In accordance with Dune Analytics, this marks a close to 60% rise compared to November and the third consecutive month-to-month improve for the community.
An Ethereum-based scaling resolution looking for to assemble, distribute and handle securities on blockchain know-how, Polygon’s ecosystem has grown exponentially over the previous twelve months, registering in extra of three,000 decentralized purposes on its community, along with a complete worth locked determine of $3.86 billion.
Alongside this, the variety of distinctive each day energetic proof-of-stake chain addresses on the community can also be anticipating a brand new all-time excessive, aiming to surpass the report of 566,516 printed on Oct. 2, 2021, with the latest knowledge from Jan. 5, 2022, calculating 554,163.
Associated: Here is how Polygon is difficult the restrictions of Ethereum, as advised by co-founder Sandeep Nailwal
In an interview with Cointelegraph final month, co-founder Sandeep Nailwal revealed that Polygon has discovered a distinct segment in attracting a excessive proportion of gaming firms and platforms to construct NFT’s on their community, versus the collectibles and artwork usually witnessed on Ethereum.
Polygon’s native token, MATIC, reached a peak worth of $2.92 on Dec. 27, 2021, and has subsequently fallen to $2.11 on the time of writing in step with a wider market decline.
