In March, Ethereum solidified its leading position as the top blockchain for NFTs, accounting for $486 million (72.8%) of the total NFT sales volume settled in the last 30 days. Solana followed in second place with $96 million (14.4%), and Polygon came in third place, settling almost $40 million (5.99%) of NFT volume.

Despite the trading incentives on Immutable X, which reward users with IMX tokens for completing trades on the platform, BNB and Arbitrum saw an upward trend in activity, surpassing both Flow and Immutable X in March.