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Polygon outperforms Ethereum NFTs on OpenSea again!
The popular blockchain solution Polygon leads the OpenSea NFT sales charts again! This is the second month of Polygon surpassing Ethereum’s trading volume, with 1.5 million NFTs sold in January alone. In other words, the platform continues to soar in popularity after achieving over 1 billion transactions in 2022.
Polygon vs. Ethereum: Who Leads the NFT Charts?
Popular network Polygon recorded a whopping 1.5 million NFT sales on OpenSea in January, recent Dune Dashboard reports show. In comparison, Ethereum sold around 1.1 million NFTs on the same marketplace. Surprisingly, this is the second month Polygon has outperformed Ethereum.
Back 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 undoubtedly off to a better start in 2023.
For example, the network started promising partnerships with giant companies such as Reddit, Meta, Adobe and more. Many users turned to this option in 2022 when Ethereum gas prices skyrocketed – one of the biggest problems in the NFT market.
Is Ethereum Really Going Down?
At the time of writing, Polygon has 224,719 active NFT traders, while Ethereum has 319,641 users. Also, Ethereum’s traders were valued at $446 million while Polygon sales barely exceeded $15.4 million in January.
In other words, the Ethereum network is not going anywhere anytime soon, and remains in a leading position overall. Still, Polygon has come a long way since 2017 when it was founded (under the name ‘Matic’). The Layer 2 scaling solution is carbon neutral, compatible with Ethereum and cheap in terms of gas fees – three key aspects that continue to increase its popularity among NFT traders.
