Top 5 strongest NFT ecosystems

1. Top 5: Polygon

Surpassing the Wax blockchain, Polygon has quickly become one of the most popular blockchains for NFTs thanks to its low fees, fast final transaction times, and wide range of NFTs supported.

According to statistics from the Cryptoslam website, Polygon has reached 4,693,192 transactions, with a total transaction volume of 0.6776B. At the end of 2022 and early 2023, NFT trading activity on Polygon became active again after a gloomy 2022.

To achieve this number Polygon has a large and active user community interested in NFTs and blockchain technology. This community provides a ready market for NFTs, which has helped boost their popularity on the platform. Major brands like Nike, Starbucks, Reddit, and others have chosen Polygon as the network to launch their NFT collections. Although many transactions take place, Polygon has low transaction fees compared to other blockchain platforms, making it an attractive option for buying and selling NFTs. This has also contributed to the popularity of NFTs on the platform.

5 popular NFT marketplaces on Polygon are:

OpenSea
PlayDapp Marketplace
NFTrade
Aavegotchi
TofuNFT

2. Top 4: FLOW

In fourth place is FLOW, Flow is developed by the Dapper Labs team. Flow has some solid partnerships, including names like the NBA, Warner Music Group, and UFC. Dapper has attracted some extremely famous investors like Google Ventures, Samsung, and Andreesen Horowitz to join its ecosystem. Flow focuses on the game-fi segment and big brands.

Flow has had a very successful 2021, this is the year Flow has reached ATH in terms of transaction volume. However, since April 2022, the trading volume on Flow has shown signs of decline and has shown no signs of recovery.

According to statistics from the Cryptoslam website, the flow has reached 26,017,564 transactions, with a total transaction volume of 1,163 B.

The 5 popular NFT marketplaces on Flow are:

UFC Strike
NFT all day
NBA Top Shot
Raceday NFT
OVO NFT platform

3. Top 3: Solana

At number 3 we have Solana . The project has seen tremendous growth in SOL adoption. When launching Solana, the project announced that it would be a blockchain focused on financial transactions, with faster transaction processing speeds and lower costs than Ethereum. While this remains the project's main feature, NFTs have also become an important part of the Solana ecosystem.

Solana has also attracted many celebrities to join its ecosystem. For example, former First Lady of the United States, Melania Trump, announced that she will create her own NFT collection on the Solana blockchain with a starting price of 1 SOL per NFT. Basketball legend Michael Jordan is also preparing to participate in this market. According to BasketballNetwork, Jordan and his partners will launch a new app called HEIR in 2022. The project's goal is to become the main platform for fans and collectors who want to create and sell NFT business. HEIR will be built on the Solana blockchain and the project has raised $10 million from early investors including Lonzo Ball and Reddit co-founder Alexis Ohanian.

The collections introduced at Solana are not too popular. No collection made the top 20, with many projects very similar to what can be found on Ethereum. Such as Degenerate Ape Academy and Solana Monkey Business.

According to statistics from the Cryptoslam website, Solana has reached 21,176,936 transactions, with a total transaction volume of 3,7303B. The number of NFT transactions on Solana is also very stable. Although affected by the FTX collapse, Solana quickly recovered and maintained its stability.

5 famous NFT markets on Solana:

Magic Eden
SolSea
Solanart
Hyperspace
Coral Cube

4. Top 2: RONIN

Second place goes to Ronin , an Ethereum sidechain. Ronin is the basic structure of the Axie Infinity game, gas fees will flow through this project when players trade AXS tokens.

Ronin itself was created in a similar way to many other Layer-1 blockchains, it is no different from Ethereum.

Many consider the move to Ronin to be the correct decision for Axie's development, as the blockchain bypassed the Ethereum network and allowed for faster transactions, with lower fees. Axie is currently the only game on the Ronin network, but in the future, the developers plan to host new games as well as other types of dApps, such as Katana, Ronin's own decentralized exchange.

Although Ronin blockchain is a young network, it has become popular thanks to the game Axie Infinity, which has attracted nearly 1,358,686 traders, with a staggering trading volume of up to 4.2346 billion USD. This is the largest trading volume for a collection.

Axie is the brand that made Ronin famous. This is the top title among all play-to-earn games. Pokémon-inspired game NFTs have become a steady source of income in less developed economies like the Philippines and Venezuela, with Venezuela accounting for 40% of all Axie users.

But the biggest problem with Ronin right now is that the entire development team is only relying on one extremely successful project, Axie. Meanwhile, all the other leading NFT blockchains have several projects in development or rely on creating multiple communities.

5. Top 1: Ethereum

Ethereum is number 2 but no one is number 1. More than 90% of digital assets on the network are ERC-721 tokens, including Axie Infinity (Ethereum sidechain). Statistics on cryptoslam show that the number of transactions on Ethereum reached 26,662,021 transactions and the total volume reached nearly 36 billion USD.

Surely everyone in crypto has heard about the Cryptopunks and Bored Apes collections. Of these, Bored Apes generated sales of over $1.8 billion, an insane number for a novelty in the crypto space.

As a large number of NFTs have been created on the Ethereum blockchain over the past year, gas fees have also increased. This led to the rise of Solana, a competitor to Ethereum, as well as the emergence of the Ronin sidechain. But Ethereum has switched to a proof-of-stake (PoS) algorithm and has an upcoming Sanghai upgrade in Q1 2023, which will help lower transaction fees and expand transaction speeds.

Top 5 popular NFT marketplaces on Ethereum