Polygon has seen a significant surge in NFT activity on the back of its several partnerships with global brands.
The NFT activity surge is not reflected in NFT trading volume, however, MATIC could still be poised to surge.
Ethereum scaling protocol Polygon has been exploding on the back of massive mainstream adoption happening in its non-fungible token (NFT) ecosystem.
In a Twitter thread, Martin Lee, a data journalist at crypto market analytics firm Nansen, pointed out NFT ecosystem metrics in which Polygon is seeing an increase. This is despite the crypto winter causing the same metrics in other blockchains, including Ethereum and Solana, to decline.
According to Lee, first-time and returning buyers per day have reached an all-time high on Polygon. Taking into account only mints and NFT projects on OpenSea, Nansen’s data shows that Polygon’s users per day has risen sharply in December to peak at 62k users after hovering around 10-15k for most of the year.
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