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Market Cap:
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Cryptocurrencies: 22543
Bitcoin Bitcoin Share: 57.76%
Markets: 90839
AMB Crypto
2023-02-03 02:30:51

Polygon outpaces Ethereum in NFT transactions, but challenges loom ahead

Polygon outpaces Ethereum in NFT transactions, but challenges loom ahead

Polygon outperformed Ethereum in NFT transactions, solidifying its layer 2 position. Despite growth in the NFT market, the network faced declining dApp activity and token volume. Polygon [MATIC], a layer 2 scaling solution for Ethereum [ETH], has been outperforming the latter in terms of the number of NFT transactions made on each protocol. Moreover, the

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