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Solana, Ronin, Avalanche gain ground in Q1, but Ethereum is still the NFT king

Ethereum is still unseated at the top of the NFT industry, accounting for over 80 percent of the NFT volume in the first quarter of the year.
Solana has gained ground and came in at second place, with Axie Infinity’s Ronin, which was exploited for $600 million, coming in third.

In the last quarter of 2021, it seemed like all the crypto industry was focused on was NFTs. Celebrities and brands were either spending millions of dollars to purchase them or were minting and selling them and the trading volume on OpenSea and other marketplaces was soaring. While the hype may have died down a bit, NFTs still hit $10 billion in the first quarter of the year, with Ethereum once again proving to be unbeatable as the king of the industry.
Messari, a crypto data analytics firm, published its Q1 report on NFTs on Wednesday, revealing some of the key trends of the first three months of the year. It stated:
While NFT market daily volumes have dropped in recent weeks, the first quarter of 2022 rec

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