Introduction

In 2021 the popularity of NFTs exploded and the adoption of NFTs rapidly grew. In the 2022 bear market, the NFT market continues showing signs of being alive. Even many expect NFTs to rescue the crypto market and blockchain projects by pulling new people into using cryptocurrencies.

This dashboard focuses on the Polygon blockchain and examines how popular are NFTs on Polygon.

Descriptives

Graphs below show the daily/weekly/monthly number and amount of transactions involved NFTs (including mint and sales). We can see that, in 2022, while the number of transactions growing, the amount of transactions had a declining train before mid May.

NFT vs other activities

To have a better understanding of the popularity of NFTs, a comparison with other activities is necessary. Graphs below show the percent of NFT transactions to other activities on Polygon.

We can see that NFT transactions have about 2% of activities on Polygon.

NFT collections

Graphs below demonstrate what NFT collections are most popular among Polygon users. We can see that in past four months Cool Cats and sunflowerland has been the most popular NFTs.

New users vs active users

The graph next to this box shows the number of unique wallets involved in NFT transactions over time. It is clear for the graph that the active wallets are growing.

The graph below shows the number of new users per [interval].

We can see that the growing number of user adoptions has been decreased since two months ago.