Seeking Alpha 2022-01-06 16:50:57

Polygon network activity surges amid record high NFT sales

Polygon's (MATIC-USD) non-fungible token sales jump 60% to a new all-time high of ~2M in December, according to Dune Analytics. The NFT user demographics appear to be more aligned to gaming companies and developers than collectibles, Coin Telegraph notes. Additionally, the number of daily active Proof-of-Stake chain addresses on the Polygon network is expected to surpass the record high of 566.5K addresses printed on Oct. 2, 2021, according to data from Polygonscan. Still, Polygon (MATIC-USD), the native token for the Polygon network, slides nearly 8% intra-day amid a broader risk-off day for risk assets. Earlier this week, OpenSea raised $300M in a Series C funding rounding.

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