Cardano Dominates NFT Market, Solana Takes a Dip
The Cardano blockchain has recently witnessed a substantial rise in the trade of non-fungible tokens (NFTs).
According to the latest statistics, Cardano’s sales have spiked by 18.08%, positioning itself just shy of the top 10 chains, showcasing a total trade volume of $190,754.
Meanwhile, Ethereum maintains its stronghold at the summit, with an impressive $18 million in sales, marking a robust increase of 17.97%. In a contrasting trend, Solana, in the second spot, has faced a downturn, experiencing a 29.61% drop in sales, settling at $7.9 million.
While Bitcoin, primarily acknowledged for its digital currency role rather than an NFT platform, has observed a 5.06% decline in NFT sales.
On the flip side, smaller chains like Mythos and Flow have recorded notable upswings, with the latter boasting a remarkable 34.57% surge in sales volume.
READ MORE: Bitcoin is “a Couple of Months From a New All-Time High,” According to an Expert
Diving into the realm of top NFT collections, Ethereum’s CryptoPunks stands tall with an astounding $4.5 million in sales, albeit with a modest uptick in transaction numbers. Over on the Solana chain, CryptoUndeads have experienced a noteworthy 65.74% surge in sales volume, indicating a robust appeal to collectors.
Various other collections, such as Avalanche’s Dokyo and Bitcoin’s Uncategorized Ordinals, have also showcased noteworthy trading activities. ImmutableX’s Gods Unchained Cards, on the other hand, have achieved sales of $683,975.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
