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NFTs Worth Over $23.7 Billion Were Minted on Ethereum in 2022

The Ethereum Network is the largest smart contract-enabled network, attracting huge decentralization applications (DApps) over the years. Non-fungible tokens (NFTs) are more prominent on Ethereum, with the blockchain playing host to top NFT projects, including CryptoPunks, Axie Infinity, Decentraland, etc.

This year, NFTs worth over $23.7 billion were minted on Ethereum as it remains ahead of closest rivals Solana and Cardano. This year, Solana’s NFT mints got to an all-time high with several speculations that it may unseat Ethereum as the home of NFTs, but so far, Ethereum remains king.

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