Polygon NFT sales surpass Ethereum, driven by RWA-based Courtyard

The NFT panorama is present process a notable shift, with gross sales on Polygon outpacing Ethereum for the primary time.

In keeping with data from CryptoSlam, NFT gross sales on Polygon (POL) reached $22.1 million within the seven days main as much as Aprill 22, surpassing Ethereum (ETH), which got here in second with $21.8 million in weekly gross sales.

Along with whole gross sales, Polygon additionally outpaced Ethereum within the variety of particular person consumers. Over the previous week, 39,027 consumers bought NFTs on Polygon—a leap of 81.61%. As compared, Ethereum recorded 36,544 particular person consumers.

RWA undertaking Courtyard fuels Polygon’s development

The first driver behind Polygon’s rise is Courtyard, a real-world asset (RWA) undertaking that integrates NFTs. Courtyard accounted for $20 million in gross sales over the previous seven days, making up the majority of Polygon’s NFT quantity. On April 22 alone, the undertaking recorded $2.746 million in NFT gross sales.

Courtyard sells bodily buying and selling playing cards, with every equivalent to an NFT on the Polygon community. These embrace uncommon baseball, basketball, and Pokémon playing cards, which Courtyard retains in a vault. The undertaking additionally includes a digital merchandising machine that provides customers random playing cards to begin gathering.

The rise of Polygon-based Courtyard parallels the pattern of layer 2 networks consuming into Ethereum’s visitors and dominance. This has prompted criticism amongst ETH holders, which imagine that Ethereum is permitting layer-2 networks to seize an excessive amount of worth from the ecosystem.

Nonetheless, Polygon stays deeply related to Ethereum’s broader community. It advantages from Ethereum’s decentralization and safety, and its EVM-compatibility ensures interoperability with Ethereum base layers and different L2s.