The XRP Ledger has reached a major milestone, this time in terms of the number of NFTs minted on the platform.
According to Bithomp statistics, more than three million NFTs have been minted on XRP Ledger. Currently, a total of 3,340,903 NFTs have been minted using the XLS-20 standard.
A total of 2,994,775 NFTs currently exist, with 30,966 owners. The total number of issuers now stands at 5,828, while 347,361 NFTs have been burned. NFT transfers totaled 1,403,697.
NFTs are included in the XRPL core protocol and, unlike issued currencies (also known as native tokens), do not require smart contracts for creation or transfer.
In October 2022, NFTs were standardized by XLS-20, bringing benefits such as royalties and anti-spam measures.
XRP Ledger saw NFT growth last quarter
On-chain analytics firm Messari released a Q3 report for XRP this weekend, detailing progress and milestones achieved in the previous quarter.
XRPL experienced a 390% increase in DEX volumes, with much of this activity occurring shortly after the historic Ripple ruling in July. XRP’s market capitalization rose 59.9% in the third quarter this year.
Not only have the measures for these sectors increased, but also for the NFT sector. With a sales volume of 4.4 million XRP, XPUNKS remains the all-time leader in NFT sales volume.
The average daily NFT transaction increased by 7.3% to 16,700 in the past quarter. NFTokenBurn was the fastest growing transaction type, increasing 135.7% quarterly to 1,700. For the second quarter in a row, NFTokenMints rose 13.1% to 6,300 per day in the third quarter.
Other NFT transaction categories, such as NFTokenCreateOffer, NFTokenAcceptOffer and NFTokenCancelOffer, fell 7.0%, 7.4% and 2.0% respectively quarter-on-quarter.