Collectixt NFT Marketplace Will Boost Trading Volume On Ethereum And Polygon
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Ethereum has dominated the NFT market since its inception, and it has been the best market to launch an NFT project with high growth potential. Collectixt (CLEX) aims to build a marketplace to allow for cross-chain assets bridging, but support for Ethereum (ETH) and Polygon (MATIC) comes first.
The ethereum blockchain has had an all-time sales volume of over USD 29 billion, and Polygon, a side-chain for quicker transactions and zero fees, has an all-time sales volume of over USD 780 million– only after Ronin, Solana, and Flow. NFT sales volume has slowed down recently, and the NFT market is also in what it refers to as a bear market. Top NFT collections are dropping floor prices as the market struggles to hold its own.
According to The Block, the trading volume for August 2022 is USD 550 million, which is the lowest for the year. NFT markets are driven by excitement and announcements, and as such, we can see incredible volume after Collectixt launches its marketplace.
Ethereum (ETH) is a blockchain network that powers the cryptocurrency Ether (ETH) and thousands of decentralized applications. It is a secure network for smart contracts and other verification processes. Ethereum offers verifiable and secure transactions, transaction visibility, and full ownership. It has been the top network for several other crypto ecosystems besides NFTs.
It provides the most secure network to trade NFT and has gained so much familiarity in the market. It has tons of features that support the use of NFTs and related assets.
Polygon (MATIC) is a blockchain network built on Ethereum, offering platforms with increased scalability. It is a
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