[ccpw id="39382"]

HomeCrypto NewsMarketMarket Cap of Reddit NFTs on Polygon Grows 92% to $94M in 3 Weeks

Market Cap of Reddit NFTs on Polygon Grows 92% to $94M in 3 Weeks


Written By:

Latest News

In a significant development for the Reddit community, Reddit-based non-fungible tokens (NFTs) on the Polygon blockchain have surged 92% over the past three weeks.

- Advertisement -

According to data from Dune Analytics, a reputable data aggregator platform, the Reddit NFTs have hit significant milestones over the past few days.

Data suggests that the collection recently reached $40,554,135 in cumulative sales. The firm’s dashboard also revealed that the volume of Collectible Avatars surpassed 20.3 million, as updated within the last 24 hours. 

Similarly, the holders of these NFTs are now 16,396,254. In addition, the market capitalization of the Collectible Avatars stands at $94,227,819. This figure represent a notable increase from market cap The Crypto Basic captured just three weeks ago.

- Advertisement -

Notably, on July 27, The Crypto Basic reported that the Reddit Collectible Avatars had a market cap of about $49 million. The market cap has grown by 92.05% since then. Similarly, the number of holders has also increased by over two million. 

Furthermore, the data analytics platform captured more interesting insights about the Reddit NFTs. The Gen 4 collection features a total primary sales volume of $856,190 with 12,854 holders. Additionally, it has seen over 200 sales in the last 24 hours. These sales are valued at over $6,290.

Polygon Founder Reacts

The intriguing numbers have garnered the attention of Sandeep Nailwal, the Polygon blockchain founder. Nailwal recently took to X to spotlight the growing ecosystem. He noted that the growth may be slow, but there is noticeable progress.

Nailwal remarked: 

- Advertisement -

“Polygon ecosystem’s mainstream products are silently reaching ‘magic inflection points of growth, be it Reddit Avatars, DraftKings NFTs, or Nike dotSWOOSH. Many others lined up too. Soon AAA gaming too. Slowly but surely fam!”

Notably, AAA gaming refers to high-budget, high-profile games. The Polygon founder implied the ecosystem is on the verge of major growth, including developing and releasing AAA gaming titles.

Follow Us on Twitter and Facebook.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a blockchain writer with a specific interest in journalistic writing. He covers breaking events in the crypto community and blockchain industry. Over the past year, he has published over 1,500 short-form and long-form content for Web3 publishing firms.

More from Author