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Cardano is on the Path to the Top-10 Networks by NFT Trading Volume
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Cardano is on the Path to the Top-10 Networks by NFT Trading Volume

Jan 22, 2024

The Cardano blockchain has recently demonstrated significant growth in the non-fungible token (NFT) sector, nearing the top ten networks by trading volume. According to the latest reports, NFT sales on the Cardano platform increased by 18.08%, reaching a total volume of $190,754, putting it on the threshold of entering the top-10 networks in NFT trading.

While Ethereum continues to maintain its leadership position with a sales volume of $18 million, Solana, which holds the second place, faced a decrease in sales by 29.61%, dropping to $7.9 million. Bitcoin, though more known as a digital currency rather than a platform for NFTs, also showed a decrease in NFT sales by 5.06%.

Ethereum's CryptoPunks collection leads with sales amounting to $4.5 million. In the Solana network, there is a significant increase in sales by 65.74%, highlighting the interest of collectors. Other collections, such as Dokyo from Avalanche and Bitcoin's unclassified Ordinals, also showed good sales results. Sales of ImmutableX Gods Unchained cards reached $683,975.

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