In recent days, Polygon (MATIC) and Solana (SOL) have been competing for the 3rd and 4th positions in the NFT sales rankings. How have they performed over the past 7 and 30 days?
Polygon “crushes” Solana in weekly NFT sales
According to recent news from Polygon Today,Polygon has now surpassed Solana in the weekly NFT sales rankings. This breakthrough is extremely important as Solana has consistently led in NFT sales volume over the past few months. a>
The recent surge represents a notable turnaround for Polygon, which had experienced a temporary decline in NFT sales volume due to the growing popularity of Bitcoin Inscriptions and the launch of new NFTs on the Solana platform.
How Solana and Polygon perform in different time frames
In analyzing NFT sales volume over the past 30 days, Solana is the third highest performing cryptocurrency. Cryptoslam data shows that Solana recorded a significant total volume of more than 306 million USD during this period.
This marks a significant improvement above 93%. Meanwhile, Polygon secured fourth place in sales, reaching more than 83.8 million USD. It also saw an increase of nearly 46%. Notably, Bitcoin and Ethereum lead the 30-day chart, with sales volumes of over $876.7 million and $318 million, respectively.
In the seven-day time frame, Polygon claimed third place with revenue of more than $44 million. Additionally, it has the highest growth rate among the top networks at more than 160% according to the latest data.
On the other hand, Solana secured fourth place in this time frame with sales of over $39 million.
Over the past 24 hours, Solana maintained the third highest trading volume, while Polygon took fourth place. Latest figures report sales of $6.7 million for Solana and $5.6 million for Polygon at the time of this writing.
Trends of SOL and MATIC
Solana and Polygon time frame chart analysis shows a positive trend over the past two days. In particular, the SOL price trend has shown a more sustainable increase, lasting over the past 4 days.
At the time of this writing, SOL is trading at around $95, reflecting a 2.9% decline. Notably, the recent uptrend has pushed its Relative Strength Index (RSI) line above neutral.
This marks a recovery from the previous decline that pushed the RSI below this threshold.
In contrast, MATIC started to recover on January 10 with an increase of 11.58%. The positive momentum has stalled and MATIC is currently trading at around $0.80.
The recent rally has brought MATIC’s RSI back above the neutral line, indicating a positive trend in market sentiment.
