JPMorgan: Ethereum's share of NFT space may be more important than its share of DeFi space

On January 18th, JPMorgan Chase recently published a report on the future forecast of the encryption market. The report pointed out that NFT is the fastest growing field in the encryption ecosystem. In terms of driving its future valuation, Ethereum is in the NFT market. The sector's share may be more important than its share in the DeFi space. At the same time, the report pointed out that due to high gas fees and transaction congestion, Ethereum’s transaction volume share in the NFT space has dropped from around 95% in early 2021 to around 80%.