The Cardano blockchain has seen a significant uptick in non-fungible token (NFT) trading volume.
As per the latest data, Cardano's sales volume has increased by 18.08%, positioning it just outside the top 10 chains, with a total trading volume of $190,754.
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, marking an increase of 17.97%.
Notably, the second-placed Solana has experienced a decline, with sales dropping by 29.61% to $7.9 million.
Bitcoin, commonly known for its role as a digital currency rather than a platform for NFTs, has also seen a decrease in its NFT sales by 5.06%.
Meanwhile, smaller chains like Mythos and Flow have witnessed substantial gains, with the latter seeing a remarkable 34.57% increase in sales volume.
Ethereum's CryptoPunks lead the pack with a staggering $4.5 million in sales, though the number of transactions has seen a modest increase.
On the Solana chain, CryptoUndeads have surged with a 65.74% increase in sales volume, indicating a robust collector interest.
Other collections, such as Avalanche's Dokyo and Bitcoin's Uncategorized Ordinals, have also seen notable trading volumes. ImmutableX's Gods Unchained Cards have seen sales of $683,975.
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.
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