On Monday, Cardano’s daily NFT sales reached $1.3 million, making it the third largest NFT blockchain after Solana and Ethereum. The frequent Solana outages resulted in many users switching to Cardano, accounting for much of the rapid increase.
Various data show that Solana’s daily NFT turnover has dropped by almost 20% (to around $2.4 million) in the past 24 hours. SOL, the Blockchaind’s native token slumped 6% in recent weeks and also largely lagged the broader market. Land sales in the Cardano-based play-to-earn game Cornucopias currently account for the largest share of NFT sales on the blockchain at nearly 5.1%. The JPG Store is the largest NFT marketplace on Cardano, accounting for over 90% of daily volume.
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