u.today
As most major blockchain platforms experience significant drops in $NFT sales volume, Cardano has emerged as a beacon of growth, according to data from Crypto Slam.
The fifth-largest platform in terms of sales, Cardano reported a sales volume of $265,335, marking a 22.05% increase. This contrasts sharply with Ethereum's 20.04% decline to $18 million, Solana's 56.89% drop to $4 million, and Polygon's 52.93% decrease to $428,626.
Cardano's $NFT ecosystem has also experienced growth in other key metrics. The number of transactions rose 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 witnessed reductions in both transactions and buyers, with Solana seeing the most significant drops 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 by 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.
The positive performance of Cardano's $NFT market amid an overall decline in the space highlights the potential of the platform and its growing appeal to both creators and collectors