Polygon Records Over $11.4M in Daily Trading Volume on OpenSea
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Polygon, the layer 2 scaling solution that runs on Ethereum, experienced a spike in its daily trading volume on the OpenSea NFT marketplace. The daily volume spike came after a brilliant display by the protocol for two consecutive months when it outperformed Ethereum in the number of NFT trades on the marketplace. According to February 8, 2023, data from Dunes, the community-based open-source data provider, Polygon network recorded a daily trading volume of more than $11.4 million on the OpenSea NFT marketplace. That is by far the highest daily volume that the network has recorded in a while. Significant trading activities are becoming a trend on the Polygon network, especially since the beginning of 2023. Rather than a single event, a series of activities have motivated Polygon’s latest explosion. Most of them involve projects that launch on the network and NFT releases happening on Polygon.
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