Polygon’s NFT sales exceed Ethereum collectibles in weekly transactions
Polygon-based non-fungible tokens (NFTs) have surged 20% in the last seven days, taking the top spot in digital collectible sales.
On April 22, NFT data tracker CryptoSlam reported that Polygon NFTs surpassed Ethereum, reaching a volume of $22.3 million in the past week, accounting for 24% of total NFT sales amounting to $92.9 million.
There were over 39,000 NFT buyers on the Polygon network for the week, an 81% increase from the previous week.
Ethereum ranked second with $19.2 million in NFT sales, followed by Mythos Chain with $14.3 million, and Bitcoin-based collections with $14.1 million.
Image showing top blockchains by seven-day NFT sales volume. Source: CryptoSlam
RWA NFT collection drives Polygon surge
The surge in Polygon NFTs was fueled by a single real-world asset (RWA) NFT collection, indicating the growing presence of RWA assets in the NFT space.
Tokenization of RWA assets involves minting tangible assets on the blockchain to enhance accessibility and trading opportunities. This involves transforming real-world assets like art, property, or stocks into digital tokens on a blockchain for buying, holding, or trading.
Data from CryptoSlam revealed that increased sales from Courtyard NFTs contributed to the surge in Polygon NFTs, with the collection generating a sales volume of $20.7 million, outperforming other popular NFT projects.
Image showing Courtyard NFT collection leading digital collectible sales volume. Source: CryptoSlam
Related: Bybit shuts down four more Web3 services after closing NFT marketplace
Courtyard functions as an RWA marketplace for graded physical card collections, including popular items like Pokémon, basketball, and baseball cards sought after by collectors.
The platform secures and insures tokenized cards in a vault managed by a security firm, ensuring physical backing for NFTs. Users can choose to redeem the physical card after purchase, leading to the burning of the NFT and its removal from the marketplace.
In the first quarter of 2025, on-chain RWAs have been a prominent narrative. RWA.xyz data indicates that tokenized assets have surpassed $21.2 billion, with over 97,000 asset holders, excluding stablecoin values already at $227 billion.
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