Polygon's NFT Sales Outperform Ethereum, Driven by RWA-Powered Courtyard
22.04.2025 14:52
Polygon has eclipsed Ethereum in NFT sales for the first time, with its sales reaching $22.1 million during the week ending April 22 compared to Ethereum's $21.8 million. Data from CryptoSlam also highlights a notable surge in unique NFT buyers on Polygon, which increased by 81.61% to 39,027, surpassing Ethereum's 36,544 buyers. This impressive performance is largely driven by the real-world asset project Courtyard, which contributed $20 million in sales via its integration of physical trading cards and NFTs on the Polygon network. Despite this shift, Polygon maintains strong ties to Ethereum through interoperability and security advantages. Additionally, Ethereum's ecosystem is poised for further developments with the upcoming Zora token launch, a move that could renew traction on the Ethereum platform. The news underscores a broader trend of Layer 2 networks capturing significant NFT market share from Ethereum.
The record NFT sales and significant buyer growth on Polygon, driven by the successful Courtyard project, are likely to boost POL's short-term price as trader sentiment turns bullish. The robust weekly sales figures and market adoption, supported by an 81.61% rise in unique buyers, indicate strong potential for upward price momentum. In the long term, continued integration with Ethereum’s ecosystem and increased NFT activity may further bolster POL’s value, though some volatility can be expected as the market adjusts.
Ethereum may face short-term downward pressure as NFT sales data shows it lagging behind Polygon. However, the network's inherent strengths in decentralization and security, along with its deep ecosystem ties, help buffer its fundamentals. The upcoming launch of the Zora token on the Ethereum platform is anticipated to stimulate renewed interest, which could mitigate immediate declines and offer a longer-term stabilizing effect on ETH's price. Historical trends suggest that while ETH could experience some temporary dip in NFT market share, its overall market position remains resilient.
Top Today
today / 09:53
Monero Surges 40% After Massive Bitcoin Hack Sparks Liquidity Frenzy
A major hack stealing 3,520 BTC and its conversion to XMR triggered an unusual surge amid limited liquidity in the privacy token.
today / 09:43
XRP Eyes $2.50 as New Demand and Stable Holding Fuel Upward Momentum
New address growth and reduced selling by long-term holders propel XRP's bullish trend amid technical indicators favoring a breakout.
today / 09:27
Ripple’s XRP Soars Amid U.S. ETF Approvals
New ETF approvals drive XRP’s rally, hinting at future spot ETF breakthroughs.