As the world embraces non-fungible tokens (NFTs), it is clear to see that Ethereum and Polygon, Solana and Binance Smart Chain, Avalanche and Arbitrum are all popular platforms for minting or trading NFTs.
According to data from recent years, around 2.9 million wallets will have created or traded Ethereum NFTs. Ethereum is a pioneer in NFT space. Many of the most prominent NFT projects launched on the network.
Polygon follows closely with nearly 2.5 million NFTWallets. Polygon, previously known as Matic Network is a Layer 2 scaling solution that Ethereum uses to make transactions faster and more affordable. NFT projects are increasingly using Polygon to increase their adoption of it. This has contributed to the rise of NFTs.
Solana comes in third place with approximately 1.7million NFT wallets. Due to its speed and scalability, Solana has attracted many NFT projects.
Binance Smart Chain, which is the native blockchain of Binance cryptocurrency exchange, ranks fourth with approximately 1.37million NFT wallets. Due to its low fees, fast transaction speeds and popularity among NFT project users, Binance Smart Chain is gaining popularity.
Avalanche is the sixth most popular platform for NFTs. Arbitrum has approximately 116,000 and 152,000 NFT wallets. Both platforms are well-known for their ability to handle large volumes of transactions and low fees.
These numbers are estimates and it is not possible to track exactly the number of NFT wallets each platform has. It is evident that Ethereum, Polygon and Solana are popular options for NFT traders looking to create or trade them.
It will be interesting to watch how the NFT market develops and matures. No matter which platform wins, it is clear that there is a growing demand for NFTs and that these digital assets are going to play an important role in the futures of gaming and art. NFTs are a great investment opportunity.