Ethereum is continuously surpassing milestones in the Non Fungible Token (NFT) space and has successfully extended its lead as the largest blockchain by total revenue volume. According to reports, Ethereum had a total turnover volume of around $27.50 billion at the end of May and is the most popular chain in the market when it comes to holding, buying and selling digital collectibles.
After the native asset ETH fell below the $2,000 mark in May, and the accompanying drop in Ethereum’s market capitalization to below $250 billion, this now represents a huge boost for the project.
Thanks to this new milestone, Ethereum is now ranked #1 in the top 5 NFT blockchains, ahead of Solana, Ronin, Flow, and Polygon, with the most sales in history. Other chains with high sales volume include WAX, Avalanche, Palm, Tezos, Panini, Binance Smart Chain (BSC), and Waves.