Polygon’s NFT market continues to attract users, though the market is much more straightened to gaming companies and also developers than antiques as on the Ethereum network.
The variety of nonfungible tokens (NFT’s) sold on the layer-two protocol Polygon reached an all-time high last month at simply short of 2 million.
According to Dune Analytics, this marks a close to 60% increase in contrast to November and the third successive regular monthly increase for the network.
An Ethereum-based scaling solution seeking to construct, distribute as well as manage securities on blockchain innovation, Polygon’s community has actually grown significantly over the past twelve months, signing up in excess of 3,000 decentralized applications on its network, along with an overall value secured number of $3.86 billion.
Alongside this, the variety of distinct day-to-day active proof-of-stake chain addresses on the network is additionally anticipating a brand-new all-time high, aiming to exceed the record of 566,516 published on Oct. 2, 2021, with one of the most recent information from Jan. 5, 2022, computing 554,163.
In an interview with Cointelegraph last month, co-founder Sandeep Nailwal revealed that Polygon has actually discovered a specific niche in attracting a high percentage of video gaming companies as well as systems to build NFT’s on their network, BEES Social on reddit instead of the antiques as well as art typically saw on Ethereum.
Polygon’s native token, MATIC, reached a peak rate of $2.92 on Dec. 27, 2021, and also has actually ultimately fallen to $2.11 at the time of writing in line with a broader market decrease.
Ty Tysdal SEC 