Coingecko: What are the top NFTs ranking according to market share and transaction volume

Author: nicholas boey, coingecko; compile: Deng Tong, Bitchain Vision Realm

In 2023, the number of NFT transactions on the top 10 chains reached 11.8 billion US dollars.However, the number of NFT transactions on the eight chains in the 8 chain in 2022 reached half of $ 26.3 billion.

Who is the largest NFT blockchain?

Ethereum is the largest non -homogeneous tokens (NFT) blockchain with a market share of 72.3%and a transaction volume of US $ 8.54 billion in 2023.However, compared with more than 90% of the dominant position in 2022, its market share has been lost to Bitcoin and Solana.

The second largest NFT blockchain is Bitcoin, which accounts for 12.9% of the market share and $ 1.5 billion in transaction volume in 2023.After launching Bitcoin Ordinals, Bitcoin has become one of the largest blockchain of NFT transactions.

Ethereum and Bitcoin occupy a dominant position in the field of NFT, accounting for 85.2%of all NFT transactions, which is shocking.Solana ranks third with 7.4%market share, 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%).

Bitcoin surpassed Ethereum in December 2023

In December 2023, Bitcoin was the largest NFT chain with a transaction volume of 8.1 billion US dollars, accounting for 42.1%of the market share.This can be attributed to the surge in Bitcoin Ordinal transaction volume, especially in November and December.

The transaction volume of Bitcoin increased by nearly 15 times between the third and fourth quarters of 2023, or increased by 1,495%, and the transaction volume increased from only $ 108 million to US $ 120 million.

Is Ethereum’s dominant position challenged in December 2023?

In December 2023, the Bitcoin pair Ethereum as the dominant position of the NFT blockchain as the preferred NFT blockchain.Ethereum achieved a market share of 34.6%in December with a transaction volume of $ 14.1 billion.

Since most of 2023, the NFT transaction volume on Ethereum has been declining.It started with a transaction volume of $ 9.4 billion in January and then dropped to $ 6.7 billion in December.On average, the monthly trading volume in 2023 is about $ 7.1 billion.

In the third and fourth quarters of 2023, the transaction volume of Ethereum increased by 33%, but during the same period, the growth rate of Bitcoin reached 1,495%.

Solana’s rolling soil comes

Solana’s rolled up in 2023. In December 2023, the NFT transaction volume soared to US $ 360 million, and the market share of the month was 18.7%.This is the only month in Sorana’s trading volume in 2023.Most transaction volume can be attributed to the Mad LADS and Tensorians series.

From the third quarter of 2023 to the fourth quarter, the transaction volume of Solana NFT increased by 541%, from $ 70 million to $ 450 million.Only Avalanche and Bitcoin performed better than Solana’s month -on -month growth, with an increase of 1.508% and 1.495%, respectively.