Ethereum Dominates NFTs as Competitors Carve Niche Markets

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BNB Chain surpassed Polygon in 7-day NFT sales volume, securing the second-highest position in the market. According to recent data, the BNB Chain recorded $19.395 million in sales, with 81,667 transactions, while Polygon followed closely with $15.716 million in sales but a higher number of transactions at 240,796. These figures indicate a shift in transaction size, as BNB Chain’s higher sales volume suggests larger individual transactions compared to Polygon’s broader transaction participation.

Ethereum remained the dominant force in the NFT market, recording a total of $56.571 million in sales during the same period, with 258,115 transactions. The network attracted 55,264 buyers and 48,631 sellers, reinforcing its position as the primary platform for high-value and blue-chip NFTs. Despite growing competition from other blockchains, Ethereum’s market share in liquidity and transaction volume remains substantial, reflecting its…

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