NFT activity on Polygon has gained traction in April. CryptoSlam data shows that the number of unique buyers of Polygon-based NFTs surged on April 18 to the highest level since June 2023. Over 36,000 NFT purchases were recorded on that day.
Polygon ranks fourth among blockchain networks by NFT trading volume after Bitcoin, Ethereum, and Solana.
As we reported via X, Dune data compiled by Sealaunch shows that Polygon NFT sales maintained above $1 million for seven consecutive days to April 18.
Weekly volumes recovered to the highest since mid-January of this year, breaking above $15 million.
OpenSea continues to be the most popular NFT marketplace for the Polygon ecosystem, accounting for over 80% of all sales.
Polygon’s NFT Aggregator Dew Drives NFT Sales
Interestingly, the majority of the NFT sales are conducted via Dew, an NFT aggregator for Polygon that connects to multiple marketplaces. Dew accounts for over 98% of all NFT trading activity on Polygon, according to on-chain data shared via Dune.
Dew daily volume exploded from a few thousand USD at the beginning of April to over $1 million last week.
In fact, Dew is also the main driving force behind the surge in NFT sales on Polygon. Earlier this April, it launched an NFT collection called Origin Pass, which gives users access to multiple benefits from Dew and Dew Studio initiatives.
The Origin Pass is now the hottest NFT collection on the layer 2 network, securing over $4.5 million in sales over the last week.
Polygon, Immutable Raise $100M to Support Gaming
The increase in NFT activity follows reports that Polygon and Immutable were joining forces to establish a $100 million fund to support Web3 games, most of which use NFTs. The initiative, called The Inevitable Games Fund, will support early-stage gaming startups.
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