The Cardano blockchain has seen a significant increase in non-fungible token (NFT) trading volume.
According to the latest data, Cardano’s sales volume has increased by 18.08%, putting the company just outside the top 10 chains, with a total trading volume of $190,754.
Ethereum retains its top position
The current landscape of NFT trading volumes shows a diverse set of performance among the leading chains.
Ethereum maintains its top position with an impressive $18 million in revenue, marking an increase of 17.97%.
Notably, second-placed Solana has suffered a decline, with revenue falling 29.61% to $7.9 million.
Bitcoin, widely known for its role as a digital currency rather than a platform for NFTs, has also seen a 5.06% decline in its NFT sales.
Meanwhile, smaller chains such as Mythos and Flow have witnessed significant gains, with the latter seeing a notable 34.57% increase in sales volume.
Top NFT Collections
Ethereum’s CryptoPunks lead the pack with a staggering $4.5 million in revenue, although the number of transactions has seen a modest increase.
Within the Solana chain, CryptoUndeads has soared with a 65.74% increase in sales volume, indicating robust 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 achieved sales of $683,975.