Polygon Ends the Calendar year on a Substantial

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It seems that 2022 ended with a bang for the NFT field, with OpenSea recording outstanding investing figures for the Polygon network during December. After the dust had settled, the formidable layer 2 chain experienced sold an awesome 1.3 million Polygon-based mostly NFTs in the closing month of the calendar year. Properly, recording a quantity of additional than $15.3 million from in excess of 116,000 traders. 

How Polygon Arrived Out on Major

The growth highlights a shift in momentum as minimal cost NFTs that need cost helpful gasoline fees have enhanced in attractiveness. As these types of, Polygon has positioned alone as the go-to chain for quite a few gaming assets and loyalty applications that do not count on the speculative mother nature of the tech. In addition, marketplaces these kinds of as Magic Eden have also added aid for the chain, and properly broadened its already sizeable attain.

In conditions of active wallets, December ranked as the third-best thirty day period for the year, with 11.24 NFTs bought for each trader. Supplied the problems that the NFT space as a whole faced in 2022, this comes as a welcome conclusion. The ongoing crypto wintertime has meant that a lot of belongings noticed their flooring selling prices wrestle and it even experienced a unfavorable impact on trading quantity. But as these figures show, the marketplace continues to be resilient.

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*All financial investment/economic views expressed by NFT Plazas are from the particular analysis and experience of our website moderators and are meant as academic material only. Men and women are required to completely investigate any products prior to earning any variety of investment decision.

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