Cardano Defies the Trend by Increasing Sales Volume By 22.05%

Cardano defies the trend by increasing sales volume by 22.05% unrivaled by NFT sales volume

According to data from Crypto Slam, Cardano has emerged as a beacon of growth as the majority of big blockchain platforms see large reductions in Cardano's NFT ecosystem sales volume.

The fifth-largest platform in terms of sales, NFT announced a sales volume of US$265,335, showing a 22.05% rise. This stands in stark contrast to Ethereum's decline of 20.04% to US$18 million, Solana's decline of 56.89% to US$4 million, and Polygon's decline of 52.93% to US$428,626. The Cardano NFT ecosystem has expanded over several important parameters.

3,419 transactions were made, an increase of 10.65%, and 1,349 buyers, an increase of 8.44%. In contrast, transactions and buyers all decreased for Ethereum, Solana, and Polygon, with Solana experiencing the largest declines of 33.45% and 44.86%, respectively, in both transactions and buyers.

Its success has been attributed to several well-known NFT collections on Cardano, including The Ape Society, Clay Nation by Clay Mates, and Zesty Zebras. Other noteworthy collections include Goofy Gophers Mining Club, Dead Rabbit Weapons, and Book.io – Dr. Jekyll and Mr. Hyde. The top two NFTs on the Cardano blockchain are The Mallard Order and OTK – Pirates. Cardano's NFT market's strong performance, despite a general drop in the sector, shows the platform's potential and its expanding attraction to both creators and collectors.