Top 10 NFT-Supporting Blockchains by Thirty-Day NFT Sales Volume by CoinEdition
- NFTs have established a formidable sector in the cryptocurrency industry.
- According to Cryptorank, the NFT market is worth $2.9 billion by market capitalization.
- The top 10 NFT blockchains include Ethereum, Solana, and Polygon, among several others.
NFTs have established a formidable sector in the cryptocurrency industry, and constitute an important part of the entire crypto market value. According to the aggregation platform, Cryptorank, the NFT market is worth $2.9 billion by market capitalization.
Some NFT blockchains stand out as being among the leading solutions enabling the growth of the NFT industry. They include Ethereum, Solana, Polygon and a few others, as detailed below.
Ethereum/t2
Ethereum is arguably the largest altcoin in existence today and also the most versatile blockchain platform. It is the blockchain that supports NFTs the most and to date has the most NFT trading volume on the Ethereum network. Ethereum’s market cap is over $215 billion, with a monthly trading volume of $319.5 billion. Ethereum is primarily known as the platform for other cryptocurrencies and also as a platform for executing smart contracts.
h2 Polygon/t2
Polygon is a layer 2 scaling solution that enables the creation of decentralized applications, including smart contracts. It follows Ethereum in the latest ranking among the top 10 blockchain NFTs by monthly volume. CoinmarketCap data shows that Polygon’s market cap is nearly $9.79 billion, and its monthly trading volume is $8.6 billion.
h2 Solana/t2
Next to Polygon, in the group of NFT-supporting blockchains, is Solana. It is one of the most popular blockchains when it comes to NFTs. Solana’s capacity to deliver fast and relatively cheap transactions plays a role in the attraction of NFT projects. Solana’s current market capitalization is more than $7.9 billion, and its monthly trading volume is $7.9 billion, according to CoinMarketCap. Solana is a public open source blockchain built to host decentralized applications.
h2 Magic/t2
Next in line is Magic, with the original token MAGIC. It is a utility token used in the Treasure Metaverse to connect game communities. Treasure Metaverse is an NFT ecosystem on Arbitrum, a layer 2 scaling solution on Ethereum. CoinMarketCap data shows that MAGIC’s market capitalization is $291.3 million, while its thirty-day trading volume is $4.1 billion.
h2 ApeCoin/t2
ApeCoin is an Ethereum-based ERC-20 token designed to govern the APE ecosystem. It is the token behind the popular APE-themed NFTs that became popular in 2021. ApeCoin’s market capitalization, according to CoinMarketCap, is over $1.47 billion, while its thirty-day trading volume is more than $3.5 billion.
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h2 Obscurity/t2
Blur is an NFT marketplace with the native governance token BLUR. It is also an aggregator platform that provides market data useful for analysis in the NFT market. The thirty-day trading volume of BLUR is $2.56 billion, while its market cap is $219.2 million, per CoinMarketCap.
h2 Flow/t2
Flow is billed to be a blockchain designed as a foundation for next-generation decentralized applications, including NFTs. It is popular for its speed and developer-friendly nature. Over the past thirty days, CoinMarketCap data shows that Flow ranks among the top NFT-supporting blockchains by volume. Flow has a market capitalization of $976 million and a thirty-day monthly trading volume of $857.9 million.
h2 SuperRare/t2
With a market capitalization of $40.5 million, according to CoinmarketCap, SuperRare joins the top 10 most traded NFT-backing blockchains in the last thirty days. The project has the status of a premier NFT platform, with nearly $250 million raised in digital art and up to $3 million in royalty payments to artists. SuperRare’s native token is RARE, with a trading volume of $6.2 million for the day.
h2 Looks Weird/t2
LooksRare is a community-minded NFT project whose primary goal is to reward community members. LOOKS, the platform’s native token, has a market capitalization of $64 million, with a daily volume of $3.29 million. It joins other top NFT-supporting blockchains as one of the most active projects in the sector in the last thirty days.
h2 Radio Caca/t2
Our final pick among the best NFT-backed blockchain protocols in the last thirty days is Radio Caca, with its native token RACA. It is simply described as a Web 3.0 infrastructure solutions provider. The market capitalization of RACA based on CoinmarketCap data is $62.26 million, while the trading volume for the day is $2.38 million.
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