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In recent days, Polygon (MATIC) and Solana (SOL) have been competing for the 3rd and 4th spots in the non-fungible token (NFT) sales rankings. How did they perform in the last 7 and 30 days? A recent update from Polygon Today reveals that Polygon has now overtaken Solana in the weekly NFT sales rankings. This development is significant considering Solana’s consistent leadership in NFT sales volume over the past few months.
Competition in NFTs
The recent surge could indicate a notable change for Polygon, which experienced a temporary decline in NFT sales volume due to the increasing popularity of Bitcoin inscriptions and the introduction of new NFTs on the Solana platform. In the analysis of NFT sales volume over the last 30 days, Solana emerged as the third highest-performing company. According to data from Crypto Slam, Solana witnessed a significant total volume of over 306 million dollars during this period.
This situation indicates an impressive recovery of over 93%. Additionally, Polygon took the fourth spot by surpassing a sales volume of 83.8 million dollars, with an increase of about 46%. Bitcoin and Ethereum led the 30-day chart with sales volumes of 876.7 million dollars and over 318 million dollars, respectively.
Rising Data on Polygon
Within a seven-day period, Polygon ranked third with sales over 44 million dollars. The latest data shows it has the highest growth rate among the best networks, with an increase of over 160%. During this time frame, Solana secured the fourth spot with a sales volume exceeding 39 million dollars. In the last 24 hours, while Solana maintained the third-highest volume, Polygon was in the fourth position. The most recent data reported sales volumes of 6.7 million dollars for Solana and 5.6 million dollars for Polygon at the time of writing.
The analysis of Solana and Polygon’s timeline charts shows positive trends in the last two days. Particularly, the SOL price trend recorded a more sustained rise over the past four days. The recent upward movement pushed the relative strength index (RSI) line above the neutral line. This could indicate a recovery from the previous decline that pushed the RSI below the neutral level. MATIC began its recovery with an increase of 11.58% on January 10th. The positive momentum continued, resulting in an additional 5% increase, and MATIC is currently trading around 0.9 dollars. Moreover, the recent price increase pushed the RSI back above the neutral line, indicating a positive market sentiment trend.
