Even after rising its variety of collaborations, Polygon has failed to notice a lot development by way of its NFT gross sales. That being mentioned, the Reddit NFT assortment, over the previous few days, has elicited huge curiosity from customers.
Right here’s AMBCrypto’s Worth Prediction for MATIC for 2022-2023.
High-selling NFTs on the Reddit assortment noticed vital development. In reality, in response to RedditFloor.com, the highest 3 NFTs all registered development of greater than 50% of their ground costs over the previous 7 days. The variety of gross sales recorded additionally grew over the identical interval.
Lets (Open)Sea the numbers
Well-known collections reminiscent of The Senses and Spooky Season garnered curiosity from NFT merchants. On the time of writing, the buying and selling quantity of The Senses assortment had grown by 408% within the final 7 days whereas the variety of gross sales grew by 243%. For Spooky Season, its quantity grew by 83% and its ground worth appreciated by 152% over the mentioned interval.
This spike in NFT development might have a constructive affect on Polygon sooner or later. Nonetheless, there’s one division the place Polygon has not been capable of see a lot development.
Polygon wasn’t capable of carry out nicely within the DeFi division. As will be seen from the connected chart, Polygon’s TVL has continued to say no after the 2nd of October.
Supply: DeFiLlama
What’s occurring on a everyday foundation?
Nonetheless, the unhealthy information for Polygon doesn’t finish there because the variety of every day energetic customers on the community additionally depreciated over the previous week.
Polygon’s community development declined too, indicating that the variety of new addresses transferring $MATIC for the primary time fell. This may trace at the opportunity of declining curiosity in MATIC from new customers.
Supply: Santiment
Though the every day exercise for Polygon declined, there was a large uptick by way of revenue taking over the Polygon community. As evidenced by the chart beneath, the transaction quantity in revenue confirmed a number of development. Nonetheless, the general quantity continued to say no and depreciated from $538 million to $232 million over the previous few days.
Regardless of the declining quantity, MATIC’s market cap has registered an uptick. On the time of writing, its market cap was $7.36 billion. Its market cap dominance hiked by 4.50% during the last seven days. 
Supply: Santiment
