Polygon Sees Biggest 24-Hour NFT Sale with y00ts Fetching 75 ETH

Polygon is the third largest blockchain in terms of NFT sales.

Franklin on a dollar peeking through ripped y00ts NFT.
  • y00ts overtook very prominent blue chip NFT projects.
  • y00ts is the most popular NFT project on Polygon.
  • Polygon is among the top three most active blockchains in terms of NFT sales.

Non-fungible token (NFT) sales have plunged from the highs of 2021 and have yet to recover. However, there still are individual NFT sales that are reminiscent of the earlier mania.

One such NFT sale just occurred on Polygon.

Polygon Sees Biggest 24-Hour NFT Sale

The Polygon NFT ecosystem was at the center of attention yesterday when an NFT from the y00ts NFT collection sold for 75 ETH ($133,233). 

The sale was the largest 24-hour NFT sale across all blockchains and overtook blue chip NFT collections like Bored Ape Yacht Club and CryptoPunks.

In general, y00ts, which Polygon paid $3 million to move from Solana, is by far the most popular NFT collection on the platform. According to CryptoSlam, y00ts has done $188,982 in volume in the past 24 hours. That’s more than double skull alliance, which records $69,279 in the past 24 hours. 

As for Polygon itself, it’s the third most active blockchain for NFTs in terms of sales. Polygon has seen over $1.04 million in sales in the past 24 hours, behind only Solana ($2.04 million) and Ethereum ($17.62 million).

In terms of transactions, Polygon is second only to Ethereum. The network has processed 25,852 transactions in the past 24 hours.

On the Flipside

  • NFT sales have decreased by 20% on Polygon since yesterday.

Why You Should Care

Even if the crypto industry is in a bear market, certain NFTs are still selling for hundreds of thousands of dollars. NFT collectors and traders can still make good trades and snatch valuable collectibles.

Read more about how to get secret Polygon zkEVM NFTs:
Polygon (MATIC) to Drop Secret zkEVM NFTs: Here’s How to Get Them

Read more about Polygon zkEVM’s Soaring TVL:
Polygon zkEVM TVL Soars 250%, Aave Votes to Deploy on Network

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.

Arturas Skur

Arturas Skur is a cryptocurrency news reporter at DailyCoin who covers Web 3.0 domains, DeFi, and Ethereum Layer-2s. With over five years of experience in journalism and public relations, Arturas brings his critical thinking and analytical abilities to deliver insightful news stories. In his free time, he enjoys hiking, playing with his dog, and reading.