What Polygon’s NFT achievements mean for your MATIC holdings 

July 22, 2023

By Dipayan Mitra

Is your portfolio green? Check out the Polygon Profit Calculator   

• The number of Polygon NFT sellers surged by over 400% in the last 30 days.

• MATIC’s Open Interest declined along with a hike in its 24-hour price action.  

Polygon [MATIC] has witnessed considerable growth in its NFT ecosystem in terms of sales since June 2023. However, a look at the broader picture revealed that not everything was working in Polygon’s favor.

A few of the metrics revealed less activity in Polygon’s NFT space. While the NFT space gained some traction, the opposite was true for MATIC, as its price declined by nearly double digits. But things were changing in buyers’ favor as the token’s daily chart went green. 

Is Polygon’s NFT ecosystem booming?

Narb’s latest tweet highlighted that Polygon’s NFT ecosystem has witnessed growth in terms of sales over the last few weeks. A hike in the metric directly means increased usage, which looks optimistic.

As per Dune Analytic’s data, OpenSea had the highest volume, accounting for more than 70%, followed by MagicEden and Tofu.

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