The Proof-of-Stake (PoS) blockchain Polygon saw a surprising comeback as 2023 came to an end, with sales of NFTs (Non-Fungible Tokens) hitting a 10-month high. In addition to a notable increase in NFT activity on the network, Polygon’s native token, MATIC, saw a notable increase in price despite a rather muted performance earlier in the year.

The NFT Momentum of Polygon

The Today In Polygon Twitter account, which focuses on Polygon, announced on December 31 that the monthly NFT sales volume on the Polygon PoS chain has significantly increased, hitting over $47 million in December 2023. This spike suggests that interest in Polygon’s NFT ecosystem is both rekindled and expanding.

According to data from CryptoSlam, Gas Hero, a Web3 massively multiplayer online game (MMO) created by Find Satoshi Labs (the company behind Stepn), was a major factor in Polygon NFT sales over the previous 30 days. With $15.8 million, the GasHeroBadge collection was the largest contributor. GasHeroCoupon came in second with $13.6 million.

Notably, even prior to its formal introduction, Gas Hero attracted a great deal of attention through freebies and advertising initiatives.

Comparative Position in NFT Transactions

In terms of NFT sales volume, Polygon is currently ranked fourth among blockchains, despite its strong performance in December. With Solana at third place, Ethereum and Bitcoin continued to rule the market in second and first place, respectively.

The late-year spike in NFT activity for Polygon highlights the platform’s sturdiness and increasing popularity in the larger blockchain and NFT ecosystem. Polygon’s resurgence in the competitive NFT industry places it as a significant participant as the crypto landscape changes.