NFTs is becoming bigger and bigger these days. But, According to an analysis made by JPMorgan Ethereum's dominance on NFTs is shrinking. They also cited 2 major reason as to why it happened.
1. Because of the high transaction and gas fees
2. Because of the congested network
The network’s market share of NFTs has dropped to around 80% from about 95% at the start of 2021, analysts led by Nikolaos Panigirtzoglou wrote in the note published last week and Solana blockchain has been capturing the most NFT volume share
