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Are merry MATIC holders in good spirits thanks to Polygon’s latest market moves?

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Mastercard has tapped Polygon for its Web3 and NFT journey Polygon in 2022 had added The Sandbox and Yoots to its network to expand NFT projects on the network With its recent alliances and moves in the industry, Polygon has made many appearances in the NFT and Web3 debates. In a recent release, Mastercard disclosed […]

According to Santiment’s NFT statistics, the recent agreements have had a favorable effect on the volume of NFTs on the network.

According to the NFT volume in USD metrics, NFT sales have been strong for most of the year. The network had already tallied close to $300,000 in NFT sales as of this writing.The increase in NFT sales that it reported was also evident when looking at Nansen’s transaction per week figures. The statistic revealed that NFT transactions had increased recently, particularly in November 2022.The daily active address metric was yet another outstanding Polygon metric that was visible.

The average number of active addresses increased every day from the end of the year until the beginning of January. The fact that this expansion is occurring while the market is in a bear market makes it noteworthy. When the bull market begins, higher growth may be predicted from the current trajectory.The daily period chart showed that MATIC responded favorably to the news of the partnership with Mastercard.

 

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