Cardano Closes Into Top 10 Chains by NFT Trading Volume

Cardano Closes Into Top 10 Chains by NFT Trading Volume

The Cardano blockchain has seen a significant increase in non-fungible token (NFT) trading volume.

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The Cardano blockchain has seen a significant increase in non-fungible token (NFT) trading volume.

According to the latest dataCardano’s sales volume has increased by 18.08%, positioning it just outside the top 10 chains, with a total trading volume of $190,754.

Ethereum maintains its first place

The current landscape of NFT trading volumes shows a diverse set of performances among the leading chains.

Ethereum maintains its top position with an impressive $18 million in sales, an increase of 17.97%.

In particular, second-place Solana has seen a decline, with sales falling 29.61% to $7.9 million.

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Bitcoin, commonly known for its role as a digital currency rather than a platform for NFTs, has also seen a decline in its NFT sales of 5.06%.

Meanwhile, smaller chains like Mythos and Flow have witnessed substantial gains, with the latter seeing a notable 34.57% increase in sales volume.

Top NFT Collections

Ethereum CryptoPunks lead the pack with a staggering $4.5 million in sales, although the number of transactions has seen a modest increase.

On the Solana chain, CryptoUndeads has surged with a 65.74% increase in sales volume, indicating strong interest from collectors.

Other collections, such as Avalanche’s Dokyo and Bitcoin’s Uncategorized Ordinals, have also seen notable trading volumes. ImmutableX’s Gods Unchained Cards have had sales of $683,975.

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