In terms of NFTs, the Ethereum network led with a 72.3% market share in 2023

CoinGecko released a report stating that research shows in terms of NFTs, the Ethereum network led in 2023 with a market share of 72.3%, and a transaction volume of $85.4 billion. However, compared to 2022, Ethereum's market share has fallen below Bitcoin and Solana networks. The second largest NFT blockchain is Bitcoin, which held a market share of 12.9% in 2023 with a transaction volume of $1.5 billion. After introducing Bitcoin ordinal numbers, Bitcoin has become one of the biggest blockchains for NFT transactions. Ethereum and Bitcoin dominate the NFT field, accounting for a total of 85.2% of NFT transaction volumes.

 

Solana ranks third with a market share of 7.4%, followed by Immutable X (2.3%), Polygon (2.2%), BNB Chain (1.3%), Flow (0 .8%), Arbitrum (0 .4%), Avalanche(0 .3%) and Ronin(0 .2%).