As more and more people adopt NFTs, one of the biggest beneficiaries is Polygon.
Data from Dune Analytics show that December was a record high for Polygon’s NFT market, reaching close to 2 million NFTs sold.
That was almost 60% increase from the previous month.
The trend was already headed that way, and there is nothing to show that the momentum has eased. In fact, the activity in just the first week of January 2022, is already at par with that of the whole month of August 2021, and has exceeded every other month before then.
The Polygon ecosystem has already registered over 3,000 decentralized applications on its network, adding up to a value close to $4 billion.
Its daily active proof-of-stake chain addresses has also grown to over 550,000 in January 2022.
Unlike other networks that are more focused on art and other collectibles, Polygon has found a niche in gaming, attracting more companies in this field than any other network.
In the process, its native token $MATIC has seen incredible rise in value, peaking at $2.92 on December 27. It is currently priced at $2.20.