Ethereum faces stiff competition from Bitcoin and Solana in the NFT market. Bitcoin is gaining prominence with its nft ordinals resulting in a 500% increase in sales over Ethereum.

Meanwhile, Solana surpasses Ethereum in NFT trading volumes, driven by successful initiatives and partnerships. The Pudgy Penguins collection also stands out, expanding to physical toys at Walmart.

Rising interest in Bitcoin ordinals is clogging its blockchain, highlighting growth challenges.

In summary, the NFT market is undergoing a significant change with Bitcoin and Solana challenging Ethereum's supremacy, driving innovations in the creation and trading of NFTs.

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