Polygon network activity spikes as NFT sales gained Peaks. Although the demographic is more aligned to gaming companies, and developers, than collectibles on the etherum network.
Polygon Network Activity Spikes As NFT Sales Reach A New Height:
Last month, the sales occurred of non-fungible tokens (NFT) on the layer two protocol polygon reached high at just short of 2 million.
According to the Dune analytics report, this marks a near 60% increase in comparison to November and the third following monthly increase for the network.
Additionally, an etherum-based scaling solution is looking to build, distribute, and regulate securities on blockchain technology. Within twelve months the polygon ecosystem developed massively, enrolling in an extra 3,000 decentralized applications or Dapps on its own network. In addition to a total value locked figure of $3.86 billion
Next to this, the quantity of unique daily active proof-of-stake chain directs on the network. That is also anticipating its new peaks, aiming to exceed the record of 566,516 printed on Oct.2, 2021, sourced by the most recent data from Jan.5, 2022, calculating 554,163.
In an interview with Cointelegraph last month, co-founder Sandeep Nailwal unveiled that Polygon has found a niche in drawing a huge ratio of gaming companies. And platforms to construct NFT’s on their network, as opposed to the collectibles and art.
Polygon’s Token Performance:
On Dec. 27, 2021, Polygon’s own token, MATIC, reached a peak price of $2.92. However, then dropped to $2.11 at the time of writing in line with a wider market fall.
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