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.

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.