Polygon continues to make strides in the NFT sector, but its native crypto, MATIC, is still struggling to take off.
Although the transition from MATIC to POL has already begun, the market value is still at the level it was at the beginning of the year.
Crypto analysis: NFT growth on Polygon
Polygon is increasingly establishing itself as a viable alternative to Ethereum in the NFT space.
Indeed, despite being a Layer-2 of Ethereum, it has much lower transaction costs, which is very useful at a time when the NFT market is suffering.
Ethereum still clearly dominates this market, but it has transaction costs that are incompatible with most NFTs, especially those with low or even very low market value (not to mention the free ones).
And so Polygon is becoming the best alternative to Ethereum in the NFT sector, although there are other chains whose use is spreading.
The problem is that the NFT market has been in steep decline for more than a year now, which means that Polygon’
We współpracy z: https://en.cryptonomist.ch/2023/11/08/nft-polygon-active-crypto-struggling/
