Polygon Network Activity Increases During NFT Boom

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  • The Polygon ($MATIC) network continues to see increased network activity as the number of nonfungible tokens (NFTs) sold on the layer-two protocol reached an all-time high in December 2021 of just under 2 million.

  • Data from Dune Analytics indicates a 60% increase in the amount of NFTs sold on Polygon compared to November 2021, which saw about 1.25 million NFTs sold.

  • Polygon’s ecosystem has grown tremendously in the past year, registering over 3,000 decentralized applications and a total value locked figure of $3.86 billion according to Cointelegraph.

  • The number of unique daily active proof-of-stake addresses on the network has recently risen to 554,163, nearing the all time high of 566,516 established in October 2021.

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