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Cardano saw massive jump in NFT volume in 24 hours

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Find Ethereum; There may be some competition in the scene. Blockchain Cardano has achieved the impressive feat of breaking the top three NFT chains in the industry. This came later Priced at $968,000 Cardano-based NFTs were traded within 24-hours, representing a 132% increase.

Following this, Cardano became the third-largest blockchain in the NFT space by transaction volume, displacing ImmutableX and trailing Ethereum and Solana.

Cardano on the moon

So, what made Cardano jump so fast? This can be partly attributed to the increased trading of several Cardano-based NFT collection Like The Ape Society and Spacebudz. The two collections saw a 341% and 1066% increase in trading volume in the last 24 hours, which contributed to the jump in Cardano’s position.

Then, according to recent reports, NFT traders migrated from the Solana blockchain to Cardano. Considering that Solana is so prominently used within the NFT sector, the loss of some of its traders to Cardano is no small matter.

Then there’s the fact that overall NFT usage has increased, with the industry becoming more publicly visible than ever before. when cardano The lovers will have to celebrate this new victory, whether it will last or not is yet to be seen.

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*All investment/financial opinions published by NFT Plaza are derived from the personal research and experience of our site moderators and are intended as educational material only. Individuals should do thorough research on any product before making any type of investment.



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