Could the Reddit NFT launch have a positive impact on Polygon’s growth?

Even after increasing the number of collaborations, ribbed Failed to see significant growth in terms of NFT sales. Like I said, he Reddit NFT The group, in recent days, has attracted huge interest from users.


Here AMBCryptos MATIC Price Prediction for the year 2022-2023.


The best-selling NFT products on the Reddit group have seen significant growth. In fact, according to RedditFloor.com, The top 3 NFTs have recorded over 50% growth in their lowest prices over the past 7 days. The number of recorded sales also increased during the same period.

Let’s (open) the sea in numbers

Well-known groups such as senses And the nervous season Attracting the interest of NFT traders. At the time of writing, The Senses Group’s trade volume has increased by 408% in the past seven days while the number of sales has increased by 243%. For Spooky Season, volume grew 83% and floor price grew 152% over the cited period.

This uptick in NFT growth could have a positive impact on Polygon in the future. However, there is one department where Polygon hasn’t been able to see much growth.

ribbed It can’t work well in the DeFi partition. As shown in the attached chart, Polygon’s TVL continued to decline after October 2.

Source: DeFiLlama

What happens from day to day?

However, the bad news for Polygon does not stop there, as the number of daily active users on the network has also decreased over the past week.

Polygon network growth also declined, indicating the number of new addresses being transferred matic $ fell for the first time. This may indicate a possible dip in interest in mat of new users.

Source: feeling

Although the daily activity ribbed Down, there was a massive rise in profit taking on the Polygon Network. As shown in the chart below, the volume of transactions in profit showed significant growth. However, the overall volume continued to decline, dropping from $538 million to $232 million in recent days.

Despite the decrease in volume, the market capitalization of MATIC has increased. At the time of writing, its market capitalization is $7.36 billion. dominance over the market value by 4.50% In the past seven days.

Source: feeling

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