• The OpenSea NFT Market attracted 88% of Polygon’s NFT exercise over the previous three months.
• OpenSea noticed over 95% of Polygon NFT’s whole transaction quantity, which exceeded $151 million.
• The primary quantity contract in Polygon NFT is OpenSea’s SharedStorefrontLazyMintAdapter contract.

OpenSea, the world’s largest NFT market, has managed to take care of the established order by attracting the vast majority of Polygon’s NFT enterprise over the previous three months. The digital asset market has seen 88% of Polygon NFT trades executed on its platform since February 4, 2023.

Market metrics surrounding Polygon NFTs have been dominated by OpenSea for the previous three months. Whether or not it is whole trades, market share, or commerce worth, OpenSea takes the lead on all fronts. Ansubin.eth, who works for blockchain analysis group decipher world, just lately took to Twitter to share the metrics.

Supply: Dune evaluation

Based on information collected from Dune Analytics by Ansubin.eth, OpenSea accounted for 88% of whole Polygon NFT transactions over the previous three months, with over 1.8 million transactions. The following closest competitor within the NFT market was Tofu, with 180,352 transactions over the identical interval.

OpenSea additionally accounted for over 95% of the overall quantity spent on Polygon NFTs since February 4, 2023, bringing in over $151 million. Magic Eden was the second largest avenue by transaction quantity for Polygon NFT, with a greenback worth of $4.9 million. In the meantime, over 330,000 consumers have lined as much as commerce Polygon NFTs on OpenSea.

On Could 2, 2023, the overall variety of Polygon NFT transactions on OpenSea reached a 9-week excessive of 44,611 transactions in a single day. Nevertheless, the market share chart from Dune Analytics indicated that OpenSea had misplaced its dominance over rival NFT markets like Tofu and Magic Eden. Booming NFT exercise seems to have little impact on the community’s native MATIC token, which has misplaced greater than 20% since Feb. 4, 2023.