![JPMorgan: Ethereum Losing Ground to Rival Cryptocurrencies in NFT Market Due to High Transaction Fees, Congestion](https://static.news.bitcoin.com/wp-content/uploads/2022/01/jpmorgan-1.jpg)
JPMorgan has told its clients that ethereum is losing ground to rival cryptocurrencies, such as solana (SOL), in the non-fungible token (NFT) market due to sky-high transaction fees on the network. “It looks like, similar to defi apps, congestion and high gas fees has been inducing NFT applications to use other blockchains,” said JPMorgan. Ethereum […]
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