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Ethereum Dominates NFTs as Competitors Carve Niche Markets

By Published On: August 25, 20252.2 min readViews: 490 Comments on Ethereum Dominates NFTs as Competitors Carve Niche Markets

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 entrenched position in the NFT ecosystem.

Mythos also demonstrated strong performance, overtaking Solana with $9.704 million in sales across 441,450 transactions. In comparison, Solana reported $7.984 million in sales with 147,398 transactions. While Solana’s user base remains larger, Mythos’s success highlights the increasing appeal of NFT-centric blockchain ecosystems. This suggests that specialized platforms are gaining traction among users seeking optimized experiences for NFT trading and creation.

Immutable, Cardano, and Flow continued to show steady growth in niche markets. Immutable reported $6.908 million in sales, primarily driven by its gaming-focused NFTs, with 19,589 transactions involving 6,582 buyers and 6,425 sellers. Cardano, despite a lower number of buyers and sellers, generated $2.918 million in sales. Flow, which focuses on sports and entertainment NFTs, achieved $1.844 million in sales with 217,151 transactions, illustrating the growing relevance of specialized NFT applications.

Lower-tier blockchains also displayed niche appeal, with Arbitrum recording $781,553 in sales, driven by 53,597 buyers and 3,398 sellers. Avalanche generated $719,794 in sales, while Base, the layer-2 solution developed by Coinbase, reported $651,615 in sales with a significant number of transactions and a balanced user base. Panini, focusing on collectible NFTs, recorded $420,389 in sales, further emphasizing the diversification of NFT use cases across various blockchain platforms.

The broader NFT landscape is becoming increasingly competitive, with emerging blockchains like BNB Chain and Mythos gaining momentum. Ethereum’s continued dominance underscores its role as the primary hub for high-value NFTs, while other chains are carving out niche markets in gaming, sports, and collectibles. The growth of NFT sales across multiple platforms signals a maturing market, with each blockchain vying for a share of liquidity, user engagement, and specialized applications.

Source: [1] Top Blockchains By NFT Sales Volume: Ethereum Rules … (https://blockchainreporter.net/top-blockchains-by-nft-sales-volume-ethereum-rules-with-56-57m-sales-solana-and-polygon-compete/)

[2] Top Blockchains by NFT Sales Volume: Ethereum Rules … (https://www.mexc.com/en-GB/news/top-blockchains-by-nft-sales-volume-ethereum-rules-with-56-57m-sales-solana-and-polygon-compete/70940) [3] Ethereum Rules With $56.57M Sales, Solana And Polygon … (https://www.mexc.com/en-GB/news/ethereum-rules-with-56-57m-sales-solana-and-polygon-compete/71148)

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