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Polygon Outperforms Ethereum NFTs on OpenSea for the Second Month

The favored blockchain resolution Polygon is main the OpenSea NFT gross sales charts once more! That is the second month of Polygon outperforming Ethereum buying and selling quantity, with 1.5 million NFTs offered in January alone. In different phrases, the platform retains skyrocketing in reputation after scoring over 1 billion transactions in 2022.

image of the three polygon network founders — The Layer 2 scaling resolution Polygon has outperformed Ethereum for the second month in a row, current stories present. Credit score: Twitter

Polygon vs. Ethereum: Which One Is Main The Charts?

The favored community Polygon recorded a whopping 1.5 million NFT gross sales on OpenSea in January, current Dune Dashboard reports present. By comparability, Ethereum offered about 1,1 million NFTs on the identical market. Surprisingly, it’s the second month Polygon has outperformed Ethereum.

Again in December 2022, Ethereum reported 1 million NFT gross sales on OpenSea whereas Polygon gross sales exceeded 1,three million. Whereas each networks are on the rise, Polygon is undoubtedly off to a greater begin in 2023.

For instance, the community began promising partnerships with large corporations similar to Reddit, Meta, Adobe, and extra. Many customers turned to this different in 2022 as Ethereum gasoline costs soared – one of many largest issues within the NFT market.

twitter screenshot of a Polygon vs. Ethereum report — Though Polygon is outperforming Ethereum for now, the previous continues to be main the NFT buying and selling quantity charts general. Credit score: Twitterr

Is Ethereum Really Going Down?

In the mean time of writing, Polygon has 224,719 lively NFT merchants, whereas Ethereum boasts 319,641 customers. What’s extra, Ethereum’s merchants had been valued at $446 million whereas the Polygon gross sales barely exceeded $15.four million in January.

In different phrases, Ethereum community isn’t going anyplace quickly, remaining on a number one place general. Even so, Polygon has come a great distance since 2017 when it was based (underneath the title ‘Matic’). The Layer 2 scaling resolution is carbon impartial, appropriate with Ethereum, and low-cost when it comes to gasoline charges – three key features that proceed to develop its reputation amongst NFT merchants.