Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Cardano has seen a 280% increase in its NFT volume within seven days. Taken from Oct. 10, when ADA NFT volumes were barely 811,000, to Oct. 17, when ADA NFT volumes reached 3.0 million ADA, this represents a 280% increase. Cardano also entered the top three NFT chains, flipping Immutable X to the fourth spot.
📈NFT volume in ADA:
— Rami (@CardanoRami) October 20, 2022
🔹Oct. 10th: 811k
🔹Oct. 11th: 813k
🔹Oct. 12th: 1.10m
🔹Oct. 13th: 1.02m
🔹Oct. 14th: 943k
🔹Oct. 15th: 1.16m
🔹Oct. 16th: 1.77m
🔹Oct. 17th: 3.09m
🔹Oct. 18th: 2.80m
Per OpenCNFT data, the number of NFT trades increased by 67% in the last seven days to 48,384, and the number of NFTs sold rose by 65.27% to 45,668. An all-time high volume of 3,089,313 was hit on Oct. 17. On Oct. 20, the 24-hour NFT volume in ADA, according to OpenCNFT data, was given as 1,232,142.
Top NFT projects from each chain🚀
— Stocktwits NFTs (@StocktwitsNFTs) October 19, 2022
SOL @DeGodsNFT $631,703
SOL @y00tsNFT $470,687
ADA @the_ape_society $200,443
HBAR @HangryBarboons $56,209
ADA @claymates $43,630
EGLD @sense4fit $17,912
AVAX @chikn_nft $17,500
ALGO @al_goanna $5,067
Notably, Cardano NFT projects are gaining ground. According to a screenshot shared by Stocktwits NFT, The Ape Society and Claymates are taking the lead in NFT volumes.
Activity increased in last epoch
According to data shared by Dapps On Cardano, there has been an increase in user activity since the last epoch. An epoch, in Cardano's parlance, lasts five days. Notably, projects such as CNFT, SingularityNET, Cardano DEX MuesliSwap, Lending Pond and SpaceBudz saw increases of 282%, 259%, 93%, 75% and 75%, respectively, in user activity.
#dapps on #Cardano with highest increase in activity for last epoch:
— Dapps On Cardano (@dappsoncardano) October 20, 2022
1. @CNFT_IO 282% 🚀
2. @Singularity_NET 259%
3. @MuesliSwapTeam 93%
4. @lendingpond_ada 75%
5. @spacebudzNFT 75%
✅https://t.co/Z6Cksroy28 pic.twitter.com/zxTKgL6jYt
Expectations on the network remain in place after the successful launch of the Vasil update, which brought improvements to Cardano and its Plutus smart contracts, on the Cardano mainnet on Sept. 22. Full Vasil capabilities were deployed five days after that, on Sept. 27, thus allowing developers to access Vasil benefits.
Arman Shirinyan
Alex Dovbnya
Vladislav Sopov
Dan Burgin