Is your portfolio green? Check out theOne notable area of growth for Optimism was in the NFT sector. After launching on Optimism on 13 June, the number of mints of sound xyz, a music NFT distribution platform, have skyrocketed. It minted over 150,000 music NFTs on the network this month.
This impressive figure is almost equivalent to the total number of music NFTs minted on Ethereum in the past year. The surge in mining activity can be attributed to the release of the V Buterin music NFT by the Optimism Collective.In contrast, Polygon and Arbitrum experienced a decline in the NFT sector. Dapp Radar’s data revealed a significant drop in volume and sales of blue chip NFTs on the Polygon network over the past week.
Similarly, OpenSea’s data indicated diminishing interest in Arbitrum NFTs, as evidenced by the declining floor price on the protocol.Nevertheless, Optimism witnessed consistent growth in active addresses over the past year, driven by the spike in NFT interest and the presence of various dApps on the network. While Polygon remains dominant in terms of active addresses, followed by Arbitrum, Optimism’s increasing daily activity suggests a potential for outperforming its competitors in the future.