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Polygon NFTs Outshine Ethereum Riding on Donald Trump’s Influence

Published 02/02/2023, 11:41
Updated 02/02/2023, 11:45
Polygon NFTs Outshine Ethereum Riding on Donald Trump’s Influence

  • Polygon outsold Ethereum in number of NFTs for the second month running on OpenSea.

  • Trump’s NFT project timing coincides with Polygon’s spike in sales.

  • Polygon’s recent success is also attributed to technical factors and corporate partnerships.

Polygon network has outsold Ethereum in NFTs for two straight months, coinciding with Donald Trump’s successful NFT project on the Layer 2 network. Trump’s NFTs launched on Polygon in December 2022. Since then, Polygon has overtaken Ethereum in the number of NFTs sold.

Data from Dune, a blockchain analytic platform, shows that for two straight months, the number of NFTs sold on Polygon has topped that of Ethereum. Last year, while Ethereum accounted for 995,000 sold NFTs, Polygon recorded 1.1 million NFTs sold. Similarly, in January, Ethereum’s 1.3 million sold NFTs were lower than the 1.5 million units sold on Polygon.

In the middle of December, Donald Trump launched an NFT project that faced criticism from many crypto users. His project timing was faulted, considering the bear market situation and a fading hype in NFTs. Others criticized him for losing touch with his voter base, which formed the bulk of his supporters.

Against the odds, Trump’s NFT project was successful, selling out quickl ...

The post Polygon NFTs Outshine Ethereum Riding on Donald Trump’s Influence appeared first on Coin Edition.

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