NFT
OpenSea, the world’s largest NFT market, has managed to take care of establishment by attracting nearly all of Polygon’s NFT enterprise over the previous three months. The digital asset market noticed 88% of Polygon NFT transactions being executed on its platform since February 4, 2023.
The market metrics surrounding Polygon NFTs have been dominated by OpenSea during the last three months. Be it complete transactions, market share or transaction worth, OpenSea takes the lead on each entrance. Ansubin.eth, who works for blockchain analysis group decipher world, not too long ago took to Twitter to share the metrics.
Supply: Dune Analytics
In keeping with information gathered from Dune Analytics by Ansubin.eth, OpenSea accounted for 88% of Polygon NFTs complete transactions over the previous three months, seeing greater than 1.8 million transactions. The subsequent closest NFT market rival was Tofu, with 180,352 transactions over the identical interval.
OpenSea additionally accounted for greater than 95% of complete quantity spent on Polygon NFTs since February 4, 2023, bringing in over $151 million. Magic Eden was the second largest avenue when it comes to transaction quantity for Polygon NFTs, with a greenback worth of $4.9 million. In the meantime over 330,000 patrons lined as much as commerce Polygon NFTs on OpenSea.
On Could 2, 2023, the overall Polygon NFT transactions on OpenSea reached a 9-week excessive of 44,611 transactions inside a single day. Nevertheless, the market share chart from Dune Analytics indicated that OpenSea has been shedding its dominance to rival NFT marketplaces like Tofu and Magic Eden. The prospering NFT enterprise appeared to have little impact on the community’s native token MATIC, which has misplaced greater than 20% since February 4, 2023.
