POLY

Polygon Sees Impressive User Numbers on Back of Trump NFT Drop

by BSC News

December 19, 2022

chain

The popularity of The Don is even capable of pumping numbers on the Polygon network.

Polygon See 330k+ Users in One Week

Over 332,000 users traded or minted NFTs on Polygon in the past week of December 12. With the successful Trump NFT release, the blockchain continues to prove itself as a home for popular NFT projects.

The number of users trading and minting NFTs on the Polygon network surged with the popularity of the ex-US President’s NFT release.

The short tweet thread from Nansen also included data showing the most expensive NFT purchases of the past week. The top purchases were clearly the NFT from Donald Trump, with the highest buy from user @DeFi_Brian going for the equivalent of over $22,000 USD.

The Trump NFT release notably spiked activity on the chain as well. There was a major spike in activity around Dec. 18 with the NFT release, where over 1,000 transactions were occurring per hour, presumably NFTs most of them.

The scaling blockchain proved vulnerable to the enduring celebrity and popularity of ex-US President Donald Trump. The Polygon Network has also secured partnerships with Instagram (Meta), DraftKings, Starbucks, and other major corporations to support NFTs.

The Trump NFTs were unable to pump the overall price of MATIC. The coin price is down 12.6% in the last week to $0.780652, according to CoinGecko.

What is Polygon:

Polygon (formerly known as MATIC) is an Ethereum-based scaling solution network that tackles the fundamental high gas fee and congestion issues of the Ethereum blockchain. The effectiveness of Polygon as an alternative to generic Ethereum has seen existing projects such as Aave, Curve adopting its chain.

Recently, the platform announced the launch of the Polygon SDK. The SDK will be the framework developers will use to build decentralized applications (DApps) on the network.

For more about Polygon:

Website | Twitter | GitHub | Reddit | YouTube

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