At the moment, blockchain is competing to guide the NFT market by progress in annual buying and selling quantity and growing transaction counts and person interplay. Blockchain community Ethereum continued to dominate in February, with Bitcoin, Solana and Polygon displaying substantial improvement. The evaluation beneath critiques the efficiency of the 12 first blockchains that recorded NFT gross sales.
High blockchain based mostly on month-to-month #NFT gross sales quantity
#ethereum #bitcoin #solana #polygon #mythos #immutable #base #bnbchain #move #ronin #cardano #avalanche pic.twitter.com/xtykuie1om– Phoenix – Crypto Information & Analytics (@PNXGRP) March 5, 2025
Ethereum maintains management within the NFT market
In February 2025, Ethereum maintained its management place as an NFT market chief by attaining gross sales of $223 million by 623,602 transactions. Blockchain has maintained its management place as a outstanding buying and selling platform by 36,745 patrons and 31,744 distributors.
Ethereum maintains market benefits within the blue chip NFT assortment and key main markets regardless of rising gasoline prices. The NFT trade maintains management in its community because of its excessive liquidity, along with sturdy safety and broad ecosystem parts.
Bitcoin’s NFT ecosystem expands quickly
Bitcoin holds the second place within the NFT sector with gross sales of $104.88 million together with 158,439 transactions. The phenomenon of Bitcoin native NFT and ordinal has resulted in 3,498 patrons and three,681 merchants throughout the platform.
Conventional blockchain programs traditionally circumvented the affiliation with NFTs till progressive inscription strategies led to sudden market progress. Bitcoin’s entry into the NFT market has gone past altering the understanding of the blockchain capabilities of buyers and merchants and sustaining worth.
Solana, Polygon, and Mythos drive excessive transactions
Solana maintained its dominant market place by NFT gross sales, processing the transaction totaling $51.3 million and 723,603 transactions. Low transaction charges mixed with quick processing allowed Solana to attain 16,584 patrons, attracting 21,704 sellers throughout that interval.
Polygon’s blockchain exercise reached an astonishing peak when it achieved gross sales of $44.4 million and processed an astounding 1,077,829 transactions. Polygon has developed its standing as the sport’s main platform by a mix of 11,125 patrons and three,409 sellers with entry to the reasonably priced NFT assortment.
Mythos has emerged as a brand new blockchain with gross sales of $41.1 million and 1.6 million transactions, surpassing most networks’ offers. Right now, the blockchain has attracted appreciable participation from each merchants and NFT worshippers, because it combines 10,122 sellers and 12,148 patrons.
New blockchain features traction within the NFT area
The unchanging X, specialised within the sport NFTS, achieved gross sales of $20 million whereas processing 34,478 transactions. The community maintained its standing as a gaming NFT chief by an participation base of 1,616 patrons and 1,714 sellers.
The Fundamental Layer 2 blockchain operated by Coinbase has achieved a $13.8 million transaction whereas finishing 353,387 operations. The NFT ecosystem relies on its presence regardless of solely 2,057 patrons and three,009 sellers.
The BNB chain has skilled gross sales of $8.1 million from 28,427 transactions, by 4,544 patrons and a pair of,365 sellers, as a way to safe its place available in the market.
The platform move, which dominated the market by the NBA’s Topshot mission, generated $5 million in gross sales whereas processing 304,138 transactions, together with 2,569 patrons and a pair of,674 sellers. Regardless of the declining quantity of buying and selling, the platform continues to function within the NFT collectibles sector. Ronin, Cardano, and Avalanche are the final three on the listing.
The way forward for NFT market competitors
Though Ethereum’s benefit continues, the speedy progress of the Bitcoin market signifies a shift within the NFT pattern. The quantity competitors between Solana, Polygo and Mythos continues as bases and the immutable X set up their place available in the market.
