As NFT sales plummet on major blockchains, Cardano bucks the trend with a 22.05% increase in sales volume and an increase in transactions and buyers
As most major blockchain platforms are experiencing significant declines in NFT sales volume, Cardano emerged as a beacon of growth, according to data from Crypto Slam.
The fifth platform in terms of sales, Cardano recorded a sales volume of $265,335, marking an increase of 22.05%. This contrasts sharply with Ethereum’s 20.04% drop to $18 million, Solana’s 56.89% drop to $4 million, and Polygon’s 52.93% drop to $428,626.
Cardano’s NFT ecosystem has also seen growth in other key metrics. The number of transactions increased by 10.65% to 3,419, while the number of buyers increased by 8.44% to 1,349. In comparison, Ethereum, Solana and Polygon all saw reductions in both transactions and buyers, with Solana seeing the largest declines of 33.45% and 44.86% in transactions and buyers, respectively.
Several popular NFT collections on Cardano have contributed to its success, including The Ape Society, Clay Nation of Clay Mates, and Zesty Zebras.
Other notable collections include Book.io – Dr. Jekyll and Mr. Hyde, Goofy Gophers Mining Club, and Dead Rabbit Weapons. The Mallard Order and OTK – Pirates round out the top 11 most popular NFTs on the Cardano blockchain.
Cardano’s NFT market’s positive performance amid the space’s overall decline highlights the platform’s potential and growing appeal for creators and collectors