On January 18, JPMorgan Chase recently published a report on future predictions for the crypto market.
According to the report, NFTs are the fastest-growing segment of the crypto ecosystem, and Ethereum’s share of the NFT space may be more important than its share of the DeFi space in terms of driving its future valuation.
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%.