JPMorgan Says Ethereum Is Losing NFT Market Share to Solana

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Ethereum’s dominance in NFTs is shrinking because of congestion and high gas fees, a jpmorgan analyst report says.

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.

Since August, the Solana blockchain has been capturing the most NFT volume share at the expense of Ethereum, the bank said, noting that was when the NFT market started a major expansion. Ethereum has also been losing market cap share to Solana in line with the declining NFT volume share. Because NFTs are the “fastest growing universe in the crypto ecosystem,” Ethereum’s share of this market is likely to be more important than its share of

 

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jpmorgan Layer 2. Tho being paying attention to sol and Cardano. There is going to be more than one winner in the space. Time will tell.

jpmorgan

jpmorgan So it begins

jpmorgan But solana is corporate database not blockchain isn’t?

jpmorgan '...and Solana will capture Ethereum's share as soon as it comes alive after another outage.'

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jpmorgan Look at the staggering difference in fees between Cardano and ethereum doing similar volumes of on chain transactions.

jpmorgan Look at the staggering difference in fees between Cardano and ethereum doing similar volumes of om chain transactions.

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jpmorgan Should be losing market share to WAX_io

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jpmorgan This is funny.

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jpmorgan Its true

jpmorgan

jpmorgan Neither chain is usuable.

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jpmorgan I mean ETH gas fees are ridiculous

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digitalassetbuy jpmorgan to solana? aha...good choice 🤡

jpmorgan weve been knowing this for years,

digitalassetbuy jpmorgan Imaging when $ETH's money flows into other projects together with BTC, get ready for an explosive altseason.

digitalassetbuy jpmorgan And Solana keeps crashing…

digitalassetbuy jpmorgan No shit sherlock! Someone's sold all their Etheruem? JPM?

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jpmorgan VC power wants us to go to Sol. This gets posted every day. Go to avax, Ftm, matic, ADA, DOT

jpmorgan EGLD ⚡

jpmorgan Don't forget solana is a centralized protocol working in a single room. A simple fire inside the building can destroy the whole protocol. Also the promises of high TPS is a lie the protocol is really often down. Not talking about the security of this shit. Nothing good.

jpmorgan Interesting

jpmorgan Solana same level as windows,there are times where you just press that reset button to make it work again...

jpmorgan Let’s turn to Tezos then.

George_harrap jpmorgan Oh, is that what a JPMorgan analyst says. Oh ok.

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jpmorgan Why are u sharing week old report now

jpmorgan It is losing some market share to Solana. Problem is Solana just kicks a can down road, eventually same congestion issues. The only chain to handle global requirement is a fully functional and scalable Bitcoin chain. Only Bitcoin SV.

jpmorgan You need an analyst for that?

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