Cardano Enters Top 10 Leading Blockchains for NFT Transactions

Cardano’s blockchain has witnessed a notable surge in non-fungible token (NFT) trading activity, registering an 18.08% increase in sales volume, bringing its total to $190,754 and positioning it just beyond the top 10 chains. While Ethereum continues to dominate the NFT landscape with an impressive $18 million in sales, marking a 17.97% uptick, Solana, in the second position, has experienced a decline of 29.61%, settling at $7.9 million in sales.

Despite Bitcoin’s primary association with digital currency rather than NFTs, it has encountered a 5.06% decrease in NFT sales. On the flip side, smaller chains like Mythos and Flow have seen substantial gains, with Flow experiencing a remarkable 34.57% surge in sales volume.

In the realm of top NFT collections, Ethereum’s CryptoPunks maintains its lead with an astonishing $4.5 million in sales, though transaction numbers show a modest increase. On the Solana chain, CryptoUndeads have surged with a 65.74% increase in sales volume, indicating robust collector interest.

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Beyond the major players, collections such as Avalanche’s Dokyo and Bitcoin’s Uncategorized Ordinals have also witnessed noteworthy trading volumes. ImmutableX’s Gods Unchained Cards, in particular, have achieved sales of $683,975. The evolving dynamics of NFT trading volumes highlight the shifting fortunes and interests within the blockchain space.