- Since DeGods announced an art downgrade and upcoming collection, its trading activity surged five folds.
- Solana sales topped Polygon as DeGods also flipped BAYC.
Following the announcement of DeGods Season III and the migration of its sister project y00ts to Ethereum [ETH], the trading volume of DeGods surged above $16 million. The hike in volume represents a 500% increase from the worth the previous week, DappRadar revealed.
Source: DappRadar
How much are 1,10,100 ETHs worth today?
Last week, the DeLabs team announced that y00ts would be moving from Polygon [MATIC] to join DeGods on the Ethereum blockchain. Although the news was not without controversy, DeLabs followed up with another announcement of a new feminine avatar version (DeGods Season III).
A new collection, a new leader
According to the team, (DeGods Season III) would feature 20,000 new generative art pieces, and would launch on the Ethereum blockchain, while also announcing a “downgrade focused on simplicity.”
2. The new DeGods are flat by design. That's on purpose.
The Downgrade is focused on simplicity.
We reduced all of the details to the bare minimum.
We completely removed the shadows and used highlight tones only on a select few traits. pic.twitter.com/0sqePw5jdu
— DeGods (@DeGodsNFT) August 13, 2023
So, the hike in trading volume suggests that the move to Ethereum could be termed successful. However, the team also disclosed that it had decided to postpone the launch of the female version due to the community feedback it got. The team explained that,
“After receiving a lot of valuable feedback we have decided to postpone Female DeGods. Looking forward to re-approaching that project by getting more feedback from the women in our community. We’ll start reaching out shortly.”
Consequently, DeGods’ increase in volume ensured that the collection surpassed the sales of Bored Ape Yacht Club [BAYC]. At the time of writing, DeGods’ sales were $2.92 million in the last 24 hours. And these transactions happened between 171 buyers and 229 sellers. BAYC, in second place, recorded sales worth $931,784 with fewer traders.
Source: CryptoSlam
Solana drives Polygon down
In other developments, Solana [SOL] NFTs have flipped Polygon on the blockchain standing with the most volume. While the competition for dominance in the NFT space is intensifying, the upturn signifies the increasing attention the NFT ecosystem has gained in recent times.
Is your portfolio green? Check the Polygon Profit Calculator
Previously, AMBCrypto compared how the Solana and Polygon blockchain have fared all through the year. According to the analysis, Polygon has had more active addresses than Solana in the last 30 days. And this could be attributed to the rising NFT participation within the network.
However, in the last 24 hours, Solana’s sales volume increased to $1.44 million. Also, wash trading on the blockchain rose by 249.59%. As expected, Ethereum maintained the lead over the other two with a volume of $8.41 million.
