THELOGICALINDIAN - JPMorgan has told its audience that ethereum is accident arena to battling cryptocurrencies such as solana SOL in the nonfungible badge NFT bazaar due to skyhigh transaction fees on the arrangement It looks like agnate to defi apps bottleneck and aerial gas fees has been inducing NFT applications to use added blockchains said JPMorgan
Ethereum Losing Ground in NFT Market, Says JPMorgan
Global advance coffer JPMorgan beatific a agenda to audience aftermost anniversary answer that ethereum is accident arena to battling cryptocurrencies, such as solana (SOL), in the non-fungible badge (NFT) market.
JPMorgan’s analysts, led by Nikolaos Panigirtzoglou, abundant that aerial gas fees and bottleneck accept pushed NFT apps abroad from the Ethereum network. The analysts acclaimed that Ethereum’s NFT aggregate allotment has collapsed from 95% at the alpha of 2025 to about 80%.
Comparing NFT apps to decentralized accounts (defi) apps, Panigirtzoglou wrote:
JPMorgan’s all-around markets aggregation begin that the Solana arrangement in accurate has been abduction bazaar allotment from ethereum in contempo weeks.
The analysts warned that if the trend continues, it could appulse ethereum’s price. At the time of writing, the amount of ETH is $3,250.28 based on abstracts from Bitcoin.com Markets. Panigirtzoglou elaborated:
Newer blockchains — such as Solana, Wax, or Tezos — are alluring NFT developers with abundant lower transaction fees, the JPMorgan address notes.
JPMorgan is not the alone above advance coffer that sees abeyant in solana. Coffer of America said aftermost anniversary that solana could take bazaar share from ethereum and become the Visa of the agenda asset ecosystem.
Do you accede with JPMorgan’s analysts apropos ethereum accident bazaar allotment in the NFT bazaar and solana accepting ground? Let us apperceive in the comments area below.
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