Introduction

The most popular alternative blockchain for cryptocurrency users wishing to transact quickly with low gas costs is Polygon. Millions of users are actively using the layer-2 protocol created on the Ethereum virtual computer, which now has more active addresses than Ethereum itself. A number of blockchains, including Ethereum, BSC, Polygon, and Fantom, are major spinners in the expansion of the non-fungible token market. The need for a straightforward, inexpensive, and user-friendly market that is interoperable with all blockchains grows as the industry continues to see steady expansion. We want to build a multi-chain market where anybody may design NFTs and conduct profitable trades. This has been our goal from the beginning, and by incorporating the polygon blockchain into our marketplace, we are taking it a step further.

The way NFTs operate on Polygon is similar to other blockchain initiatives. Users may create projects like artwork, photographs, music, and other projects, advertise them on NFT markets that support polygons, and connect with buyers to conduct trades. Users may now mint AirNFTs directly on the network thanks to its integration with the polygon blockchain.

Methodology

The NFT transactions of the polygon network over time by seeing the activities using NFTs.Initially the transactions,users and volume of the NFT transactions are taken per date and aggregated for two timescales such as the previous month and the even before ones.While looking the same for the years it was still the same as the polygon core data was available only for three months.Then the percentage of the transactions done using this NFT is also considered and then the top 10 users in the polygon network in both counts of transactions as well as the volume of NFT transactions are also checked.

The table here lists important data of different items of the polygon NFT transactions such as the time frame is constrained ,the transactions,the users and the total volume of the NFT tokens are addressed.

All these are aggregated for time.

The transactions done by the users over time is charted here and it is seen that more transactions in the previous month than before but the highest transaction count done on a single day is on July 16 ,2022 which worth more than 57k.

The chart to the right shows the distribution of users in the network who has done some transactions using NFTs. This is also done with time frame and it follows the same trend.This maybe also because of the unavailability of the data for the past.

The total volume in Matic that is transacted by the above mentioned users are shown here and it indicates that the transacted volume was higher in the past days than in the recent period.

The chart at the right shows the percentage of the transactions done by NFT over the total transactions in the polygon network. This is charted with time.

The table here displays the set of users in the network who has made the highest transactions by count as well as the value of the transactions is charted here.Only the top 10 users are listed here.

The top 10 users by transactions is displayed on the left while the same with the volume is shown here over the whole period of time.

The left panel here display the activities done by the NFT users in the network and such that the users have done different things using NFT tokens is seen.