JPMorgan: Ethereum's dominance in NFT space is declining

On January 19, JPMorgan Chase said in a report that Ethereum’s dominance in the NFT space is declining due to congestion and high gas fees. Analysts such as Nikolaos Panigirtzoglou wrote in a report published last week that the Ethereum network’s market share in the NFT space has fallen from about 95% in early 2021 to about 80%.