Monday, April 28, 2025

Polygon NFTs overtake Ethereum collectibles in 7-day sales

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Polygon-based non-fungible tokens (NFTs) took the highest spot in digital collectible sales after surging 20% in the final seven days. 

On April 22, NFT knowledge tracker CryptoSlam showed that Polygon NFTs overtook Ethereum, reaching a $22.3 million quantity in the previous week. This represented 24% of final week’s total NFT sales quantity, which reached $92.9 million. 

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The community additionally had over 39,000 NFT patrons for the week, an 81% enhance over the earlier week. 

Ethereum remained second in sales, with a $19.2 million NFT sales quantity for the week. Mythos Chain adopted with $14.3 million, whereas Bitcoin-based collections ranked fourth with $14.1 million for the week. 

Prime blockchains by seven-day NFT sales quantity. Supply: CryptoSlam

RWA NFT assortment drives Polygon surge

The Polygon NFT surge was pushed by a single real-world asset (RWA) NFT assortment, highlighting that the RWA narrative has reached the NFT area.

RWA tokenization refers to tangible belongings minted on the blockchain to extend accessibility and buying and selling alternatives for the belongings. Merely put, it’s reworking real-world belongings like artwork, property and even shares into digital tokens on a blockchain that may be purchased, held or traded.

CryptoSlam knowledge reveals that elevated sales from Courtyard NFTs prompted the Polygon NFT surge. The gathering reached a sales quantity of $20.7 million, eclipsing the performances of different in style NFT tasks for the week. 

Courtyard NFT assortment tops digital collectible sales quantity record. Supply: CryptoSlam

Associated: Bybit shuts down four more Web3 services after axing NFT marketplace

Courtyard is an RWA market for graded bodily card collections. This contains the Pokémon, basketball and baseball playing cards which are in style amongst collectors. 

The platform operates by storing and insuring tokenized playing cards in a vault operated by a safety firm. Which means that NFTs are bodily backed. After buying NFTs, customers can choose to redeem the bodily card. When this occurs, the NFT is burned and can not be traded in {the marketplace}. 

Onchain RWAs have been a robust narrative in the primary quarter of 2025. Information from RWA.xyz shows that tokenized belongings have reached $21.2 billion, with whole asset holders of greater than 97,000. This excludes the worth of stablecoins, which is already at $227 billion. 

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