Ethereum Just Got Flipped! Polygon Leads in NFTs as Price Eyes Rebound

Polygon Overtakes Ethereum in NFT Sales: POL Price Set for Breakout?

Polygon (POL) has had a rough 2025 so far, with its token price falling sharply from the year’s highs. However, new data suggests that the worst may be over—and a big bounce could be on the horizon.

Despite the crash, Polygon has just flipped Ethereum in weekly NFT sales, signaling rising activity and adoption. Meanwhile, technical charts show a bullish reversal pattern forming, with a potential 53% upside if it breaks out.

Let’s dive into why Polygon may be set for a strong recovery and what investors should watch in the days ahead.

H2: Polygon Price Falls Over 75% in 2025—But Is a Rebound Coming

Polygon’s native token POL dropped to just $0.1800 on Friday, July 4, marking a 76% decline from its peak earlier this year. Its market capitalization has fallen from around $6 billion to just $1.88 billion, wiping out more than $4 billion in value.

This deep correction mirrors the wider downturn in altcoins during recent months. But Polygon’s recent network activity surge suggests a potential reversal may be building.

 Polygon Surpasses Ethereum in NFT Sales

 Weekly NFT Volumes Reveal a Surprising Winner

According to CryptoSlam, Polygon has now overtaken Ethereum in weekly NFT sales:

• Polygon NFT sales: Up 52% to $24 million

• Ethereum NFT sales: Down 5.7% to $23 million

That’s a significant milestone for the Polygon ecosystem, which has long been seen as a low-cost alternative to Ethereum for NFTs and gaming projects.

 What’s Driving the NFT Boom on Polygon

The surge in activity is largely thanks to a few standout collections:

• Courtyard: Over $18 million in NFT sales alone

• DNS Collection: $4.9 million

• OKX NFT Creation: Also saw rising volumes

Polygon’s growing dominance in the NFT space shows that user interest remains strong—even if the token price hasn’t caught up yet.

 Stablecoins and Polymarket Add More Fuel to Polygon’s Growth

Beyond NFTs, Polygon is also seeing increased traction in stablecoin usage.

According to Artemis data:

• Polygon’s stablecoin supply grew by 8.5% over the past 30 days to reach $2.4 billion

• The number of stablecoin transactions jumped 39%, hitting 92.6 million

A big part of this growth comes from Polymarket, a popular prediction market app that runs on Polygon. Its user base is growing fast, and that’s adding to overall stablecoin demand and usage.

This rise in transactions suggests strong on-chain activity, even as the POL token struggles on price charts.

 Competition From Other Layer-2 Chains Heats Up

Despite its strong performance in NFTs and stablecoins, Polygon faces tough competition from other Layer-2 scaling solutions, especially:

• Base (by Coinbase): $4.9 billion in total value locked (TVL) and $28+ billion in monthly DEX volume

• Unichain: New player but already has $1.16 billion in TVL

• Polygon TVL: Currently around $1.2 billion

This shows that while Polygon is still one of the top players, new networks are catching up fast, and staying ahead won’t be easy.

 Technical Analysis: Is POL Gearing Up for a Bullish Breakout?

 The Double Bottom Pattern

On the daily chart, POL appears to be forming a double-bottom pattern, with key support at $0.1500. The neckline of this pattern sits at around $0.2755—a level last seen in May.

Double-bottoms are classic bullish reversal signals. If the price breaks above the neckline, it often triggers a strong upward move.

 The Falling Wedge Setup

Another bullish pattern forming is the falling wedge. This is a chart pattern marked by two downward-sloping trendlines that are slowly converging.

• When this pattern ends, it often results in a bullish breakout

• The convergence of the trendlines signals that a major move is coming soon

If POL breaks out of this wedge, the first target is the neckline at $0.2755—a potential 53% gain from current levels.

 Bearish Scenario to Watch

However, there’s a downside risk too. If POL breaks below the $0.1500 support, the bullish setup would be invalidated. That could open the door for new lows and further weakness.

 Key Takeaways for Investors

• Polygon’s fundamentals are strong, with growth in NFTs and stablecoin usage

• The network overtaking Ethereum in NFT volume is a major psychological and technical win

• Technical charts show bullish patterns forming, but confirmation is still needed

• Strong competition from other layer-2s could limit Polygon’s growth

• The $0.1500 support level and $0.2755 resistance are key zones to watch

 Is Now the Time to Watch Polygon Closely

Despite being one of the worst-performing crypto tokens in 2025, Polygon (POL) might be setting up for a major comeback.

The network is seeing real usage growth—especially in NFTs and stablecoins—and technical patterns suggest a potential breakout is around the corner.

If momentum continues and price confirms the breakout above $0.2755, POL could deliver significant gains for traders. But until that happens, caution is still warranted, especially with the broader altcoin market under pressure.

Polygon isn’t down for good—but it’s still fighting for its place in the crypto spotlight.

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