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 Hi

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jpmorgan Eth is out of date. Thats what i say for 2 Years now.

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jpmorgan XLS-20D

jpmorgan What jp says market Does just opposite

jpmorgan And Solana failing as a network with all the outages. Looks like XRPL NFTs will have to fill in the void. We are still early!

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BankXRP jpmorgan XDC is coming for you ETH.

jpmorgan Ethereum and Solana have had it. It's time to turn your attention to XRPL coins. It's only a matter of time before the XRPL takes over.

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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.'

jpmorgan Heard of Polygon?

jpmorgan High demand is the cause of high gas fees!! Is everybody a moron in crypto? All 🤡🤡🤡🤡🤡

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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.

jpmorgan Gopnikz NFTS ARE ON BITCOIN HELLLLOOOOO

jpmorgan Solana lights are out, down for the count

jpmorgan Should be losing market share to WAX_io

jpmorgan Slow, expensive, enviromentally unfriendly now the ETH foundations wall street backer is turning against them

jpmorgan BSV is always here to help 😇

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jpmorgan This is funny.

jpmorgan Imagine when ppl discover HBAR,XDC and XRP NFTs :D

jpmorgan Its true

jpmorgan

jpmorgan Neither chain is usuable.

jpmorgan BSV is the only chain that has this solved today. to learn how.

jpmorgan I mean ETH gas fees are ridiculous

jpmorgan xdc solves this

jpmorgan I think the doge-eth bridge will solve this

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jpmorgan No one cares!

jpmorgan No shit

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Streaming_Sats jpmorgan BSV is the ETH killer for NFTs... No gas, no bloating. Check out rarecandyio, has some great recent projects including OniSociety, BasedApes, FrogCartelNFT... 🤙

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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.

LElkan jpmorgan 👍

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jpmorgan Solana is a VC shitcoin and will break down any minute. Better come join the Songbird community 🐦🐦

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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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