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Polygon Surpasses Solana in Daily NFT Sales Volume, Secures Third Place

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Polygon Surpasses Solana in Daily NFT Sales Volume, Secures Third Place

  • Polygon’s daily NFT sales volume for the last 24 hours was $7,745,969.
  • This NFT sales volume could be explained by the expansion of Inscriptions on Polygon.

Over the last day, Polygon NFT volume has surpassed Solana (SOL) volume. Data from CryptoSlam shows that the popular Ethereum-based Layer-2 scaling protocol has surpassed Solana to take third place, after Ethereum (ETH) and Bitcoin (BTC).

Polygon’s daily sales volume for the last 24 hours was $7,745,969, according to CryptoSlam statistics. Solana’s daily sales volume was $4,341,110. At the time of writing, sales of Polygon NFT have decreased by 20.64% in the last 24 hours, while sales of Solana have increased by over 5.95%.

Additionally, when comparing wash sales figures, Polygon comes in at $817,185 while Solana comes in at $135,564. The overall sales volume for Polygon NFTs, including both normal and wash sales, amounts to $$8,563,154 and $4,476,674, respectively.

Inscriptions Craze

There were 20,897 traders that contributed to Polygon’s success. Given that there are more than 26,896 active traders on Solana, it’s clear that the NFTs traded on Polygon are far more valuable. This is an intriguing trend to consider.

On the other side, there are now 10,245 purchasers on Ethereum and 6387 buyers on the Bitcoin network, but the number of Polygon NFT buyers is much higher.

According to the NFT statistics, Polygon is the highest-performing non-layer-1 network, with the Avalanche Network rounding out the top five. This enormous NFT sales volume so far could be explained by the expansion of Inscriptions on Polygon.

Polygon (MATIC) was removed from Grayscale’s cryptocurrency fund, whereas Avalanche (AVAX) and XRP were added, as revealed on January 5th. Even though MATIC was removed from another portfolio, it is still included in the GSCPxE Fund.

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