Polygon NFT Sales on OpenSea Exceed Ethereum for Second Consecutive Month

Polygon NFT sales on OpenSea have outpaced Ethereum over the last two months in aggregate.

Public blockchain data curated by a Dune dashboard shows that for the second month in a row, Polygon had more individual NFTs sold on it than Ethereum via the leading overall marketplace OpenSea.

Over 1.5 million NFTs were sold on the OpenSea marketplace on the Ethereum sidechain Polygon in January, while just over 1.1 million were sold on the Ethereum mainnet. 

Despite its sometimes high gas fees, Ethereum is widely recognized as the best blockchain for NFTs and is home to the vast majority of high-value projects. 

Although the recent demise of FTX has worsened the already severe bear market in cryptocurrencies, one blockchain platform has shown time and time again that it can still attract major businesses with a combined reach of billions.

To the contrary, Polygon and other layer-1 Ethereum competitors like Solana and Avalanche offer significantly lower user transaction fees and are thus becoming increasingly well-known as hosting more reasonably priced NFT collections.

OpenSea reports that in January, the most popular Polygon NFT collection was the controversial Donald Trump digital trading cards, which sold for nearly $5,500 across all Polygon marketplaces for a total trading volume of 1,743 ETH (nearly $2.8 million).

If we expand our focus beyond OpenSea, we find that Planet IX has racked up about 5 million sales over the past 30 days across all marketplaces, followed by Sunflower Land with 1 million sales, Mocaverse with 42,000 sales, and Lympo Athletes with around 37,000 sales.

Also Read: Cardano’s Stablecoin DJED Intends To Be Tied With The US Dollar 

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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