The number of NFT sales that utilise Polygon’s layer 2 solution has steadily increased, stopping just a tad short of two million in December 2021.
OpenSea enabled gasless NFT trading in 2021
The popular NFT marketplace OpenSea was integrated with Polygon in June 2021. This made it possible to mint and trade non-fungible tokens at zero gas fees.
Data from Dune Analytics shows that a total of 1,998,459 NFTs switched hands this way in December. Compared to November’s count of 1,252,264, this marks a 60% increase and almost a three-fold increase since August.
A strong year for Polygon
2021 was the first year one of Ethereum’s layer 2 platforms gained significant traction. Over the year, Polygon’s MATIC token – the project rebranded from the name Matic to Polygon in February – saw a 146-fold price increase, making it one of the best-performing crypto assets in the last year.
Besides becoming the go-to solution for NFTs, Polygon also expanded to DeFi with Curve Finance, Aave, Uniswap and SushiSwap joining its ecosystem. The two leading blockchain-based metaverse projects, Decentraland and The Sandbox, also chose Polygon as their scaling solution.