Polygon Hits 10-Month NFT Sales Peak in Strong 2023 Finish

Polygon NFT sales spike in December 2023, signaling increased traction.

Polygon Matic staff checking over something's in Magic Eden NFT land.
Created by Kornelija Poderskytė from DailyCoin
  • Polygon NFTs gained significant traction in December 2023.
  • NFT collections associated with a Stepn-linked game are driving increased volumes.
  • Polygon still ranks behind Solana, Ethereum, and Bitcoin in volumes.

Following a largely lackluster performance for most of 2023, the Polygon PoS chain mustered significant momentum to show significant strength towards the end. Aside from the impressive price performance of MATIC, the native token of the Polygon network, data suggests that Polygon’s NFT ecosystem also witnessed significant buzz in December 2023.

Polygon NFT Sales Skyrocket

In a tweet on Sunday, December 31, Polygon-focused X account Today In Polygon highlighted that the monthly Polygon PoS NFT sales volume had reached its highest point since February 2023, with over $47 million in December 2023. The spike suggests that interest in Polygon NFTs is on the rise.

CryptoSlam data suggests that NFT collections related to Gas Hero, a Web3 massively multiplayer online game (MMO) from Find Satoshi Labs, the developers of Stepn, have contributed the most to Polygon NFT sales in the past 30 days. The GasHeroBadge collection led the pack, raking in $15.8 million within the period. GasHeroCoupon came a close second with $13.6 million.

The game has gained significant traction in recent weeks through multiple giveaway promotional campaigns, even though it has yet to launch.

Despite its impressive run in December 2023, the Polygon network ranked fourth amongst blockchains by NFT sales volume, far behind Solana in third, Ethereum in second, and Bitcoin in first.

On the Flipside

  • Polygon remains far behind the competition in NFT sales volume despite its strong performance in December 2023.

Why This Matters

The recent spike in Polygon NFT sales volume suggests that the ecosystem is gaining significant traction.

Read this to learn more about the hype behind Gas Hero NFTs:
Here’s Why Polygon’s NFT Sales Volume Is up Over 150%

See why the DOJ’s decision on outstanding Sam Bankman-Fried (SBF) charges is attracting backlash:
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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.