• Despite growth, Polygon NFTs’ sales volume dropped in the last 30 days. 
• MATIC’s price was bullish, but market indicators suggested a trend reversal. 

Polygon’s [MATIC] NFT space has witnessed traction since the beginning of this year, suggesting growth. Over the past few months, Polygon onboarded a few popular NFT collections like y00ts, which contributed heavily to its growth trajectory.

Is your portfolio green? Check the MATIC Profit Calculator  

However, after a massive uptick in April, Polygon’s key NFT metrics registered a decline. Amidst this, MATIC investors continued to endure losses as the token’s price seemed reluctant to rise. 

NEW:

NFT activity (sales volume) on Polygon has increased significantly over the last year. pic.twitter.com/MxdSQbASm6

— Today In Polygon (@TodayInPolygon) August 2, 2023

Are Polygon NFTs’ fortunes turning?

As per Messari’s data, Polygon’s NFT activity has been on the rise since the start of 2023. Among multiple marketplaces, OpenSea, Magic Eden, and Dew were sitting in the top three spots, as they accounted for the highest volumes.

In fact, Polygon Daily’s latest tweet revealed the to

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Author: Dipayan Mitra

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