Polygon’s NFT ecosystem has seen increased activity and traction over the past few months, after enduring a slowdown in the latter half of 2023. This hints that 2024 could bring renewed interest and growth for Polygon’s NFT space, akin to a “fresh NFT summer.”
Specifically, data shows Polygon’s NFT sales volume and number of trades have been surging to levels not seen in months. Popular collections like Gas Hero Coupons, Collect Trump, The Sandbox, and Genesis WildPas have driven much of this activity.
At the same time, the MATIC token price has turned bullish, up over 3% in recent days. This price uptick comes despite declining social volume and sentiment scores.
Overall, Polygon’s NFT space shows promising signs of revival after its 2023 slowdown. If current momentum continues, 2024 could see significant NFT interest and adoption return to Polygon. However, some metrics like address growth and transactions have declined recently, indicating potential hurdles. But Polygon’s NFT ecosystem appears to be stirring awake again.
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