Ethereum Leads NFT Sales as Polygon and Mythos Compete for Market Share

• Ethereum remained the most active network for NFT sales at $ 37.2 million and 119,693 transactions in the week.
• Polygon and Mythos were close behind with compounded transaction growth and growing buyer interaction on their platforms.

Ethereum remains the most popular chain when it comes to weekly NFT sales, with $37.24 million in sales by April 11, 2025, according to Phoenix Group data. The network also facilitated 119,836 transactions, with over 20,797 buyers and 16,096 sellers contributing to its dominance.

TOP BLOCKCHAINS BY WEEKLY #NFT SALES VOLUME
#Ethereum #Polygon #Mythos #Solana #Bitcoin #Arbitrum #Immutable #Base #BNBChain #Flow #Panini #Ronin pic.twitter.com/G28QbVJeFV

— PHOENIX – Crypto News & Analytics (@pnxgrp) April 11, 2025

Polygon followed at $17.7 million in sales with a new NFT ecosystem boosted by 260,573 transactions. However, Mythos surpassed expectations and ranked third with $13.94 million in NFT sales through 546,777 transactions, which was the highest transaction frequency among all chains.

Solana, Bitcoin, and Arbitrum Battle for Mid-Tier Dominance

According to data, Solana continues to rank among the industry leaders, having sold $6.54 million worth of NFTs. The network of transactions was scaled by 139,355 transactions from 18,151 buyers and 15,419 sellers.

Despite having significantly fewer NFT trades than other chains, Bitcoin rose to $6.03m in sales across 16,450 transactions. It presents a more focused and much smaller base of both buyers and sellers.

Arbitrum also featured significantly, with a transaction sum of $5.62 million. The total transactions summed up to 12,41,3, with only 2,522 buyers and 513 sellers targeting an increase in the network’s NFT business.

Base, Immutable, and Flow Expand NFT Activity

Immutable sold $5.13 million worth of products primarily or partly related to gaming as a utility token and NFTs. According to the blockchain, there were 8,242 transactions that involved 1,832 buyers.

Base, backed by Coinbase, participated in 121,062 sales totaling $3.51 million. This advancement to 2,190 buyers and 2,585 sellers implies that its usage has been on the rise in the last few weeks. Flow generated $1.04 million in revenue, continuing its activity in the NFT market, and saw 71,122 transactions, which are often linked to sports collectibles and popular brands.

Emerging Chains Show Resilience Amid Market Volatility

BNB Chain recorded $1.93 million in sales and 11,938 in the number of transactions. Panini, specializing in sports-related NFTs, sold $783,423 with the help of 26,913 buyers.

Ronin, historically linked to Axie Infinity, recorded $294,252 in sales through 39,264 transactions. Despite lower sales volume, its buyer count of 13,464 highlights sustained community engagement.

Overall, Ethereum keeps dominating the sale of non-fungible tokens, but sales activity on Polygon, Mythos, and other new chains shows that competition remains stiff. The overall sales value of NFTs has fallen to $416.8 million, with a decline of 41.13% within 30 days, and transactions have declined at a rate of 51.03% to 5.68 million within the same time frame.

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