Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Ethereum is increasing 20%, the most undervalued BTC ratio has been hit since 2019

2025-05-09

Crypto analyst says the XRP price must remedy this level or risk fries to $ 1.9

2025-05-09

Ethereum breaks the key resistance in one solid movement – Higher High confirms Momentum

2025-05-09
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Hashkey chain reveals the puzzle game of the chains in the chains in collaboration with Zypher Network

    2025-05-09

    Superstate is spreading to Tokenized shares; Sol -Strategies to mention first

    2025-05-09

    What are Babydoge -Properties?

    2025-05-09

    Vietnam launches his first blockchain network from home -grown: Details

    2025-05-09

    Crypto -Developer activities returns to the level of 2018, Ethereum retains a significant part of the innovation

    2025-05-09
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Crypto analyst says the XRP price must remedy this level or risk fries to $ 1.9

    2025-05-09

    Trader says Bitcoin on CUSP to break out from Beerarish market structure, sketches path to new multi-month high

    2025-05-09

    XRP – Price breaks through obstacles – could a bullish peak follow?

    2025-05-09

    Bitcoin whales and sharks stored $ 7,890,599,380 in BTC in just six weeks, says Analytics platform – this is what it means

    2025-05-09

    BNB Price objectives $ 650 in the midst of renewed market optimism

    2025-05-09
  • Learn

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02

    What Are Utility Tokens? Types, Roles, Examples

    2025-04-17

    Real-World-Assets in Crypto, Explained

    2025-04-16
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»NFT»Polygon (MATIC) Eclipses Solana (SOL) by NFT Trading Volume Last Month
NFT

Polygon (MATIC) Eclipses Solana (SOL) by NFT Trading Volume Last Month

2023-08-15No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Polygon Network (MATIC) yet again strengthened its dominance in the segment of non-fungible tokens (NFTs). Despite a big number of wash-trading transactions, it exceeded Solana (SOL) by major trading metrics and shows no signs of exhaustion.

Polygon (MATIC) processes 3x more NFT-related transactions than Ethereum (ETH)

In terms of 30-day cumulative volume of NFT transactions, Polygon (MATIC) became the most popular blockchain outside Ethereum (ETH). As stressed by its cofounder Sandeep Nailwal, this is the first time his blockchain has reached this status. Nailwal shared some possible reasons of this marvelous upsurge.

.@0xPolygon NFT ecosystem, for the first time, across a 30D period gets on the second rank in terms of traded volume.

Few other observations:
1. This is when a lot of Polygon NFT volumes are done by games etc which process payments via Credit Cards etc but only transfer NFTs… pic.twitter.com/eJk1o78q87

— Sandeep Nailwal | sandeep. polygon 💜 (@sandeepnailwal) August 15, 2023

First of all, the Web3 games segment is responsible for the majority of Polygon’s NFT trading volume. Games with credit cards support also contributed to Polygon’s success in this field.

Despite being the second NFT-centric chain by trading volume, Polygon (MATIC) exceeds Ethereum (ETH) by the number of transactions by 200%. The majority of these transfers are micro-payments, which excites Nailwal the most:

That means there is a lot of micro transactions happening which is ultimately the dream of crypto. So this is encouraging.

In this rivalry, Polygon (MATIC) overcomes Solana (SOL), which has been promoted as a go-to blockchain for NFTs. In Q1, 2023, some major NFT projects migrated from Solana (SOL) to Polygon (MATIC).

See also  Polygon surpasses Ethereum as the most popular blockchain

For instance, such migration was initiated by y00ts, one of the most popular NFT platforms.

Wash trading remains problem for Ethereum, Polygon

Also, the number of buyers on Polygon (MATIC) is 30% higher than on the Ethereum (ETH) mainnet. It is an indicator of massive adoption of Polygon (MATIC) as a mainstream NFT-centric blockchain.

At the same time, Nailwal admitted that for both Ethreum (ETH) and Polygon (MATIC), “wash trading,” a zero-sum manipulative operation with tokens designed to make its statistics more attractive, remains a major problem.

In 2022-2023, Polygon (MATIC) scored a number of partnerships with “real-world” businesses interested in listing their own NFT collections.

Collaborating with a couple of Web2 heavyweights, from Reddit to Nike and Mastercard, Polygon (MATIC) proved itself as a reliable and flexible platform for frictionless corporate NFT launches.



Source link

Eclipses MATIC month NFT Polygon SOL Solana Trading Volume
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Can Solana crack the barrier of $ 170? Yes – 3 reasons why

2025-05-09

Superstate is spreading to Tokenized shares; Sol -Strategies to mention first

2025-05-09

Drink-to-earn? A new sparkling water comes with an NFT and points

2025-05-08

Cobie says we will return if someone buys this $ 20 million NFT

2025-05-08
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Bitcoin now accessible in the Cosmos ecosystem

2023-10-30

Ankr Verify Launches: Simplifying Web3 Identity Verification

2023-12-13

DIA crypto rises by 45% in 24 hours – Next price targets?

2024-10-01
Editors Picks

Binance.US Updates Crypto Listing Process, Says Exchange Considers Launching Trading Support for Aptos Rival

2023-10-14

Turboteam sells after the AI ​​Meme Coin flies to a new record: time to stop?

2024-10-17

Snoop Dogg launches record-breaking NFT

2023-07-18

Bitcoin Miners Cheer as BTC Pump Boosts Profits

2023-10-25
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Ethereum is increasing 20%, the most undervalued BTC ratio has been hit since 2019

Crypto analyst says the XRP price must remedy this level or risk fries to $ 1.9

Ethereum breaks the key resistance in one solid movement – Higher High confirms Momentum

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,028.671.73%
  • ethereumEthereum(ETH)$2,323.6211.64%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.354.38%
  • binancecoinBNB(BNB)$635.822.77%
  • solanaSolana(SOL)$171.607.17%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2048797.58%
  • cardanoCardano(ADA)$0.785.94%
  • tronTRON(TRX)$0.2616242.74%
  • suiSui(SUI)$3.90-0.23%
  • chainlinkChainlink(LINK)$15.993.71%
  • avalanche-2Avalanche(AVAX)$23.098.38%
  • stellarStellar(XLM)$0.2948504.27%
  • shiba-inuShiba Inu(SHIB)$0.0000157.33%
  • hedera-hashgraphHedera(HBAR)$0.2009315.29%
  • hyperliquidHyperliquid(HYPE)$25.0614.19%
  • the-open-networkToncoin(TON)$3.282.95%
  • bitcoin-cashBitcoin Cash(BCH)$408.41-2.13%
  • unus-sed-leoUNUS SED LEO(LEO)$8.74-0.80%
  • polkadotPolkadot(DOT)$4.7710.49%
  • litecoinLitecoin(LTC)$99.077.09%
  • moneroMonero(XMR)$311.676.73%
  • daiDai(DAI)$1.000.00%
  • bitget-tokenBitget Token(BGB)$4.480.82%
  • pepePepe(PEPE)$0.00001216.84%
  • piPi(PI)$0.7212.98%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$6.3013.56%
  • bittensorBittensor(TAO)$427.252.85%
  • nearNEAR Protocol(NEAR)$2.8910.37%
  • aptosAptos(APT)$5.514.31%
  • okbOKB(OKB)$53.692.13%
  • ondo-financeOndo(ONDO)$1.016.58%
  • aaveAave(AAVE)$209.366.59%
  • ethereum-classicEthereum Classic(ETC)$19.056.73%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.4216.68%
  • internet-computerInternet Computer(ICP)$5.386.68%
  • kaspaKaspa(KAS)$0.1034575.97%
  • crypto-com-chainCronos(CRO)$0.1015065.07%
  • gatechain-tokenGateToken(GT)$21.840.33%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.251298-0.22%
  • mantleMantle(MNT)$0.772.96%
  • render-tokenRender(RENDER)$4.946.70%
  • vechainVeChain(VET)$0.0297268.98%
  • ethenaEthena(ENA)$0.36823414.90%
  • usd1World Liberty Financial USD(USD1)$1.000.13%
  • algorandAlgorand(ALGO)$0.2322226.60%
  • filecoinFilecoin(FIL)$3.005.66%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.838.78%
  • bitcoinBitcoin(BTC)$103,028.671.73%
  • ethereumEthereum(ETH)$2,323.6211.64%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.354.38%
  • binancecoinBNB(BNB)$635.822.77%
  • solanaSolana(SOL)$171.607.17%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2048797.58%
  • cardanoCardano(ADA)$0.785.94%
  • tronTRON(TRX)$0.2616242.74%
  • suiSui(SUI)$3.90-0.23%
  • chainlinkChainlink(LINK)$15.993.71%
  • avalanche-2Avalanche(AVAX)$23.098.38%
  • stellarStellar(XLM)$0.2948504.27%
  • shiba-inuShiba Inu(SHIB)$0.0000157.33%
  • hedera-hashgraphHedera(HBAR)$0.2009315.29%
  • hyperliquidHyperliquid(HYPE)$25.0614.19%
  • the-open-networkToncoin(TON)$3.282.95%
  • bitcoin-cashBitcoin Cash(BCH)$408.41-2.13%
  • unus-sed-leoUNUS SED LEO(LEO)$8.74-0.80%
  • polkadotPolkadot(DOT)$4.7710.49%
  • litecoinLitecoin(LTC)$99.077.09%
  • moneroMonero(XMR)$311.676.73%
  • daiDai(DAI)$1.000.00%
  • bitget-tokenBitget Token(BGB)$4.480.82%
  • pepePepe(PEPE)$0.00001216.84%
  • piPi(PI)$0.7212.98%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$6.3013.56%
  • bittensorBittensor(TAO)$427.252.85%
  • nearNEAR Protocol(NEAR)$2.8910.37%
  • aptosAptos(APT)$5.514.31%
  • okbOKB(OKB)$53.692.13%
  • ondo-financeOndo(ONDO)$1.016.58%
  • aaveAave(AAVE)$209.366.59%
  • ethereum-classicEthereum Classic(ETC)$19.056.73%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.4216.68%
  • internet-computerInternet Computer(ICP)$5.386.68%
  • kaspaKaspa(KAS)$0.1034575.97%
  • crypto-com-chainCronos(CRO)$0.1015065.07%
  • gatechain-tokenGateToken(GT)$21.840.33%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.251298-0.22%
  • mantleMantle(MNT)$0.772.96%
  • render-tokenRender(RENDER)$4.946.70%
  • vechainVeChain(VET)$0.0297268.98%
  • ethenaEthena(ENA)$0.36823414.90%
  • usd1World Liberty Financial USD(USD1)$1.000.13%
  • algorandAlgorand(ALGO)$0.2322226.60%
  • filecoinFilecoin(FIL)$3.005.66%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.838.78%