Question

Q3. How popular are NFTs on Polygon? Track daily volume over the past month/year/etc.

How many Polygon users started off with NFTs? Who made the most profit?

Introduction

In this dashboard, we will look into the popularity of NFTs on Polygon. To begin, we will look at the daily transaction count and volume in MATIC for NFTs on Polygon over the past 30 days. Next, we will examine the percentage of Polygon users that bought NFT during the first week of their initial transaction vs users that have not bought NFT during the first week.

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• The line graph on the left shows the daily transaction count and volume in MATIC for NFTs on Polygon over the past 30 days.
• As can be seen, the overall trend for both Polygon NFT’s transaction count and volume are in a downward trend over the past 30 days.
• The transaction count an volume in MATIC peaked on June 16th with 1.11k transactions and June 23rd with 122.29k MATIC transacted.
• Since the start of July, the Polygon NFT’s transaction count and volume have been averaging around 450 transactions and 50k volume in MATIC per day.

• The graph on the left shows the percentage of Polygon users that bought an NFT during the first week of their initial transaction vs users that have not bought an NFT during the first week.

• Among all the users on Polygon, the users that have bought an NFT during the first week of their initial transaction account for only 4.08%.

• This demonstrates that vast majority of the users only Polygon have not started off with NFTs. A total of 95.9% of all Polygon users have not started off with NFTs.

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Conclusion

1. Transaction count and volume for Polygon NFT are in a downward trend over the past 30 days.
2. Less than 5% of users on Polygon have bought an NFT during the first week of their initial transaction.
3. This implies that more than 95% of all Polygon users have not started off with Polygon NFTs.
4. As a result, we may deduce that NFTs on Polygon are not particularly popular among users.