Ethereum, a blockchain known for non-fungible tokens, has once again become the dominant player in the NFT market, surpassing Immutable and Polygon.
Ethereum Resumes Its Dominance
According to data from CryptoSlam, Ethereum has reclaimed its position as the leader in the NFT market with a trading volume exceeding $7.5 million, up 31% from the previous day.
Overall NFT Market Landscape
Currently, Ethereum is the most traded blockchain in the NFT space due to its smart contract capabilities. Polygon holds the second-largest volume with $2.7 million, increasing by 16%. The Mythos Chain follows with a volume of $2 million, down 1.29%. Bitcoin ranks fourth with a volume of $1.5 million, seeing a decrease of 24%.
Immutable's Decline
Immutable X is the fifth-largest trading blockchain with $1 million in trading volume, which has risen by 13%. The platform rose to prominence after a surge in trading volumes of certain NFT projects.
Ethereum's return to market leadership highlights its ongoing influence in the industry and opens new opportunities for developers and collectors.
