2 mins readPolygon, also known as MATIC, is a winner! It beat Solana in something big. They call it NFT trading. Despite folks worrying about fake trades, MATIC beat others! It even passed Ethereum in a race of trades that involve something special called NFT.
Polygon (MATIC) Leads in NFT Transactions
Here's some fun news: MATIC has won a race. It's not just any race, but a 30-day long trading race!
What makes it special? It was all about trading items called NFTs. It wasn't just against Solana, but all but Ethereum.
A man behind MATIC, named Sandeep Nailwal, is very proud. Games that let you buy things using your credit card played a big role in this win.
Micro-Transactions Drive Polygon's Success
The secret behind MATIC's rise might surprise you: lots and lots of tiny trades! These are called micro-transactions. Sandeep Nailwal thinks these small trades are cool.
Why? Because they show the real power of something new and exciting called cryptocurrencies. In this race, MATIC didn't just beat Solana.
It surpassed Ethereum by not just 100%, but a whopping 200%! And that's why we call MATIC - the champion!
What about Solana’s Users?
Well, by early 2023, most folks moved from Solana to this newcomer, Polygon. Not just small projects, but big ones like y00ts (a big NFT platform) too.
Moving to Polygon won't be easy, right? But, everyone said, it was worth it! So, it's no surprise that Polygon became the new favorite.
Polygon's Tie-Ups and Success in the Real World
Polygon's success did have some bumps. You know what a wash trade is? It's when people manipulate tokens to bump up the stats.
Not cool, right? So, both Polygon and Ethereum face this challenge.
But, the man behind MATIC, Sandeep Nailwal, says cleaning up this mess is top priority. That's good because everyone wants clean and honest trading.
Now, what's cooking with Polygon? They've been busy making friends with many big companies. They've teamed up with Reddit, Nike, and even Mastercard! The goal? To help these businesses launch their own NFT collections! That's why many people now know and love Polygon. And this is why it's become a big player in the NFT market.
Final Thoughts
So where are we now? With a bunch of win-wins, Polygon has emerged on the top. Its focus on the Web3 games segment and those winning partnerships have helped a lot. Yes, there are challenges like wash trading, but it's up for the task. The future? Bright and shiny for Polygon, making it an exciting journey for its users and us to watch!
