Popular Polygon Blockchain Solution Tops OpenSea NFT Sales Charts Again! This is the second month that Polygon has surpassed Ethereum’s trading volume, with 1.5 million NFTs sold in January alone. In other words, the platform continues to rise in popularity after getting over a billion transactions in 2022.
Polygon vs. Ethereum: Which Leads the Charts?
The popular Polygon network recorded a whopping 1.5 million NFT sales on OpenSea in January, recently Dune Dashboard Reports show. By comparison, Ethereum sold around 1.1 million NFTs on the same market. Surprisingly, it is the second month that Polygon has outperformed Ethereum.
In December 2022, Ethereum reported 1 million NFT sales on OpenSea, while Polygon sales exceeded 1.3 million. While both networks are on the rise, Polygon is certainly off to a better start in 2023.
For example, the network started promising partnerships with giant companies like Reddit, Meta, Adobe, and more. Many users turned to this alternative in 2022 when Ethereum gas prices skyrocketed, one of the biggest problems in the NFT market.
Is Ethereum really falling?
At the time of writing, Polygon has 224,719 active NFT traders, while Ethereum has 319,641 users. Additionally, Ethereum merchants were valued at $446 million, while Polygon sales barely topped $15.4 million in January.
In other words, the Ethereum network is not going anywhere anytime soon, remaining in a leading position overall. Even so, Polygon has come a long way since 2017 when it was founded (under the name ‘Matic’). The Layer 2 scaling solution is carbon neutral, Ethereum compatible, and cheap in terms of gas fees, three key aspects that continue to grow in popularity among NFT traders.
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