- The Polygon network saw a significant increase in NFT trading volume on OpenSea, reaching a 90-day high and surpassing half of Ethereum’s daily volume on the platform.
- The surge in activity on the Polygon network can be attributed to the recent Reddit x NFT partnership to mint Polygon-based Super Bowl Collectible Avatars, which broke an all-time high in daily Reddit Collectible Avatar mints.
The Polygon network has been on a roll lately, with the NFT trading volume on the NFT marketplace, OpenSea, reaching a 90-day high. In a single day, the trading volume on Polygon reached $11,405,423, while Ethereum’s daily volume on OpenSea stood at $19,686,429, indicating that Polygon saw over half of Ethereum’s daily volume on OpenSea.
This surge in activity on Polygon can be attributed to the recent Reddit x NFL partnership to mint Polygon-based Super Bowl Collectible Avatars. Over 1 million avatars were minted in just 4 days, breaking a new all-time high in daily Reddit Collectible Avatar mints with 507,857 mints in a single day. The total number of Polygon-based collectible avatars minted on Reddit now stands at 10.61% of all collectible avatars ever minted.
This increased activity on Polygon and OpenSea is a testament to the growing popularity of NFTs and the Polygon network. As more users flock to the platform for faster and more affordable NFT transactions, the Polygon network continues to demonstrate its potential as a major player in the NFT space.
In conclusion, the Polygon NFT volume on OpenSea reaching a 3-month high is a clear indication that the network is on its way to becoming a leading player in the NFT space. With the recent Reddit x NFL partnership and continued growth in NFT trading activity, the future looks bright for Polygon and its users.
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