Currently, blockchain is competing to lead the NFT market through growth in annual trading volume and increasing transaction counts and user interaction. Blockchain network Ethereum continued to dominate in February, with Bitcoin, Solana and Polygon showing substantial development. The analysis below reviews the performance of the 12 first blockchains that recorded NFT sales.
Top blockchain based on monthly #NFT sales volume
#ethereum #bitcoin #solana #polygon #mythos #immutable #base #bnbchain #flow #ronin #cardano #avalanche pic.twitter.com/xtykuie1om– Phoenix – Crypto News & Analytics (@PNXGRP) March 5, 2025
Ethereum maintains leadership in the NFT market
In February 2025, Ethereum maintained its leadership position as an NFT market leader by achieving sales of $223 million through 623,602 transactions. Blockchain has maintained its leadership position as a prominent trading platform through 36,745 buyers and 31,744 vendors.
Ethereum maintains market advantages in the blue chip NFT collection and key major markets despite rising gas costs. The NFT industry maintains leadership in its network due to its high liquidity, in addition to strong security and broad ecosystem components.
Bitcoin’s NFT ecosystem expands rapidly
Bitcoin holds the second position in the NFT sector with sales of $104.88 million along with 158,439 transactions. The phenomenon of Bitcoin native NFT and ordinal has resulted in 3,498 buyers and 3,681 traders across the platform.
Traditional blockchain systems historically circumvented the association with NFTs until innovative inscription methods led to sudden market growth. Bitcoin’s entry into the NFT market has gone beyond changing the understanding of the blockchain capabilities of investors and traders and maintaining value.
Solana, Polygon, and Mythos drive high transactions
Solana maintained its dominant market position through NFT sales, processing the transaction totaling $51.3 million and 723,603 transactions. Low transaction fees combined with fast processing allowed Solana to achieve 16,584 buyers, attracting 21,704 sellers during that period.
Polygon’s blockchain activity reached an astonishing height when it achieved sales of $44.4 million and processed an astounding 1,077,829 transactions. Polygon has developed its status as the game’s leading platform through a combination of 11,125 buyers and 3,409 sellers with access to the affordable NFT collection.
Mythos has emerged as a new blockchain with sales of $41.1 million and 1.6 million transactions, surpassing most networks’ deals. Today, the blockchain has attracted considerable participation from both traders and NFT worshippers, as it combines 10,122 sellers and 12,148 buyers.
New blockchain gains traction in the NFT space
The unchanging X, specialized in the game NFTS, achieved sales of $20 million while processing 34,478 transactions. The network maintained its status as a gaming NFT leader through an participation base of 1,616 buyers and 1,714 sellers.
The Basic Layer 2 blockchain operated by Coinbase has achieved a $13.8 million transaction while completing 353,387 operations. The NFT ecosystem is based on its presence despite only 2,057 buyers and 3,009 sellers.
The BNB chain has experienced sales of $8.1 million from 28,427 transactions, through 4,544 buyers and 2,365 sellers, in order to secure its position in the market.
The platform flow, which dominated the market through the NBA’s Topshot project, generated $5 million in sales while processing 304,138 transactions, including 2,569 buyers and 2,674 sellers. Despite the declining volume of trading, the platform continues to operate in the NFT collectibles sector. Ronin, Cardano, and Avalanche are the last three on the list.
The future of NFT market competition
Although Ethereum’s advantage continues, the rapid growth of the Bitcoin market indicates a shift in the NFT trend. The volume competition between Solana, Polygo and Mythos continues as bases and the immutable X establish their position in the market.
