Here’s Why Polygon’s NFT Sales Volume Is up Over 150%

Polygon NFT sales volume enjoys an over 150% spike in the past 24 hours.

Cool monkey in Polygon NFT world.
Created by Kornelija Poderskytė from DailyCoin
  • Polygon NFT sales volume has spiked over the past 24 hours.
  • The jump comes amid excitement over an emerging Web3 MMO created by Stepn developers.
  • The game developers are running a series of promotional events.

In the past month, the Polygon ecosystem has witnessed increased activity. This meteoric rise in activity on the network is showing no signs of abating as exciting developments come at a breakneck pace.

In the latest instance, the fever has spread to the Polygon NFT ecosystem, with sales volume jumping over 150% in the past 24 hours amid excitement over an emerging Web3 game.

Polygon NFT Sales Volume Spikes on Gas Hero Hype

NFT sales volume on Polygon has jumped 155.87% in the past 24 hours to $2.9 million per CryptoSlam data at the time of writing. The only other top ten blockchains by sales volume to experience upticks in the past 24 hours are Immutable X and BNB, with a 9% and 32% gain, respectively.

Top ten blockchains by NFT sales volume in the past 24 hours.
Top ten blockchains by NFT sales volume in the past 24 hours. Source: CryptoSlam

Checking the NFT collections with the highest sales volume on the Polygon network reveals that the recent spike in Polygon NFT sales volume is being fueled by Gas Hero, a Web3 massively multiplayer online game (MMO) from Find Satoshi Labs, the developers of Stepn. 

GasHeroBadge and GasHeroCoupon sales sit at the top of the table of the NFT collections with the highest sales volume in the past 24 hours on Polygon with $1.67 million and $687.6k, respectively, according to CryptoSlam data at the time of writing. 

Top ten NFT collections on Polygon by sales volume in the past 24 hours.
Top ten NFT collections on Polygon by sales volume in the past 24 hours. Source: CryptoSlam

The activity comes as multiple Gas Hero promotional campaigns and giveaways draw attention to the game, which has yet to launch. In the latest promotional initiative inspired by the “Day of the Ninja,” community members can win three Gas Hero Genesis Coupons by guessing the seed phrases of MetaMask wallets from riddles.

On the Flipside

  • Despite the spike, NFT sales volume on Polygon is behind that of Solana ($3.7 million), Ethereum ($14.8 million), and Bitcoin ($17.9 million) in the last 24 hours, according to CryptoSlam data at the time of writing.
  • The Gas Hero game has yet to launch, though its NFTs are gaining traction.

Why This Matters

The recent jump in Polygon NFT sales volume led by Gas Hero highlights the effectiveness of giveaways in driving activity within the crypto space. The spike also makes Gas Hero a project to watch in the coming weeks.

Read this to learn more about Polygon’s NFT ecosystem:
Polygon NFTs Receive OpenSea Pro Boost After Binance Blow

An Ethereum whale is shaking things up. Learn more:
$90M ETH Whale Transfer Spooks Market with Dump Fears

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Okoya David

David Okoya is a crypto news reporter at DailyCoin based in Nigeria. He covers various topics related to the cryptocurrency industry, including exchanges, regulations, and price movements, and strives to bring fresh angles to breaking news. With experience as a freelance crypto news writer, David upholds the highest journalistic standards, telling complete stories and answering lingering questions whenever possible.