Ethereum (ETH) Maintains Its NFT Market Leadership

Blockchains currently compete to lead the NFT market through annual trading volume growth and increasing transaction count and user interaction.

In February 2025, Ethereum remained the leading blockchain in the NFT sector, generating $223 million in sales through 623,602 transactions. The blockchain sustained its status as a prominent trading hub with 36,745 purchasers and 31,744 vendors.

(Image Credit: Nomics)

Despite its higher gas costs, Ethereum is still preferred for blue-chip NFT collections and major primary marketplaces. The NFT industry favors the network for its high liquidity, robust security, and a comprehensive ecosystem.

Bitcoin’s NFT Ecosystem Expands Quickly

Bitcoin occupies second place with $104.8 million in NFT sales and 158,439 transactions. The Bitcoin-native NFTs and Ordinals phenomenon brought 3,498 purchasers and 3,681 traders to the platform.

Most blockchain systems shied away from NFTs until innovative inscription methods sparked rapid market growth. Bitcoin’s entry into the NFT domain reshapes investor and trader perceptions of blockchain capabilities beyond maintaining value.

Solana, Polygon, and Mythos Drive High Transactions

Solana’s market share is defined by NFT sales totalling $51.3 million and transaction processing at 723,603 transactions. Low transaction fees and rapid processing on Solana contributed to 16,584 buyers and 21,704 sellers participating.

Activity on Polygon’s blockchain reached new highs with $44.4 million in sales and 1,077,829 transactions. Polygon built its status as a leading platform for gaming with 11,125 buyers and 3,409 sellers accessing easily buyable NFT collections.

Mythos emerges as a rising blockchain with $41.1 million in sales and 1.6 million transactions, surpassing most networks’ trading counts. Today this blockchain attracts both traders and NFT enthusiasts with its 10,122 sellers and 12,148 buyers.

Emerging Blockchains Figure in NFT Landscape

Specialized in game NFTs, Immutable X achieved $20.8 million in sales while processing 34,478 transactions. The network maintained its game NFT leadership with a participation base of 1,616 buyers and 1,714 sellers.

The Base Layer-2 blockchain operated by Coinbase achieved $13.8 million in transactions while completing 353,387 operations. The NFT ecosystem recognizes Base for its growing presence despite having only 2,057 buyers and 3,009 sellers.

After processing 28,427 transactions through 4,544 buyers and 2,365 sellers, BNB Chain achieved $8.1 million in sales. The platform Flow, known for its NBA Top Shot project, generated $5 million in sales and 304,138 transactions involving 2,569 buyers and 2,674 sellers. Despite a decrease in trading volume, the platform remains active in the NFT collectables sector.

Finally, Ronin, Cardano, and Avalanche round out the top twelve.