> #### So How Frequent are the sales

• On an average day, there are 50k transactions of transferring NFTs between wallets.
• Gamers and NFT Games make up lot of the traffic activity.
• Top 10 contracts are sold in large amounts on a daily basis.
• There’s an extra sale count on Tuesdays each week that mostly belongs to Cool Cats NFT and Sunflower Land.

> ## Bridging To The Rescue

It is a well-known fact that fees on ETH are most of the time insanely high, and this is true whether you are selling an NFT, minting one, putting it up for an auction or even delisting one.

Now Polygon, a side-chain to ETH, has made it possible to perform all operations on NFTs on L2 where the roses are red and fees are low. Even recently there have been developments that make it possible to launch an NFT with zero gas fees!

Before we take deep dive into our analysis, here’s a sneak peak to our findings:

1. Many of the NFTs on Polygon are Gaming NFTs, because of low fees and people with small portfolios.
2. Top 10 of the most selling NFTs comprise most of the network activity regarding NFTs.

> ## USD Sale Volume

• For now only data for NFTs sold on OpenSea are available. Here is the procedure of a sale on this marketplace:

  1. Seller lists the NFT for sale on OpenSea

  2. Buyer bids with any of the following tokens available on Polygon :

     1. Rise Token (Everrise)
     2. DAI (Hop L2 Bridge)
     3. ETH (Hop L2 Bridge)
     4. USDC (Hop L2 Bridge)

  3. OpenSea initiates a transfer from buyer to seller with origin address of

     0x9b814233894cd227f561b78cc65891aa55c62ad2

• From weekly average, we see that since June there has been a step down on the USD volume of transfers. A possibly strong explanation could be the market volatility and the bearish movement, since there was not any noticeable drop in the number of sales obtained above.

> #### Popularity’s Best Measure… USD Volume

> ## Heard of NFTs On Polygon!

Polygon users who buy and sell NFTs, are few in number compared to the total users engaged in transfer activities.

• Bridging ETH to Polygon is no easy task for crypto noobs. This is one factor that in my opinion impacts the NFT popularity on Polygon.
• Auctioning ERC1155 on Polygon is another thing missing for now. While artists use this functionality abundantly, Gaming NFTs don’t need it as much.
• It is all a trade-off between paying low fees or having slightly better control of assets and ease of use. But then again every protocol will gain popularity in its own respective audience.

> #### Top Addresses Making Most Profit

• We saw above that sellers are half the amount of buyers. So nearly half the users are hodling on to their NFTs, while the rest making good money trading them.
• The maximum profit made is around $400k which is a 4000% profit on the amount bought, assuming no external factors are involved. The address of the mentioned account is:
  • 0xf1fa9ceb517f67646c9063f315f8b70cf26aa4e8
• Profit analysis was made for 41k users and on average the profit was $169. this amount is for the available data since June 6th. New stats can be obtained by changing the Tracking_start_date.

> #### Polygon’s NFT Celebrities

> ## Final Remarks

Polygon’s NFT solutions are very attractive mostly to entertainment and gaming industries.

A recent event that involves the integration of an NFT-based game onto Polygon is a solid proof that ETH fees are driving small portfolios away such as in mobile gamers.

In the long run, with filling in the lacking features such as auctions on NFTs and raising awareness to its usage concepts can make this chain very popular for NFTs.