BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home NFT

Cardano NFT Markets hit record highs of $248 Million

by Dalmas Ngetich
Apr 25, 2022 - 12:00 am
in NFT
img 20220425 155311 356

As of the 25th of April, the Cardano NFT market hit a trading volume of 291 million ADA which is equivalent to $248 million. The Cardano NFT markets have continued to gain volume as more NFT users turn away from ETH marketplaces.

According to statistics from Opencnft, over five thousand projects have been launched in the Cardano NFT marketplace since its inception. Within these 5000+ projects are 906 thousand individual Cardano NFTs.

Cardano has 14 different NFT marketplaces that utilize its native token ADA. Despite the plummet in the price of the ADA token in the last few days, the NFT marketplace has managed to have a significant increase in trade volume.

In the last 24 hours, NFTs worth 3.8 million ADA have been traded across the various Cardano NFT markets. That’s a significant 21.97% increase in trade volume compared to the previous day. More than 8000 non-fungible tokens have also been sold in the past 24 hours.

The Rise of the Cardano Marketplace

Cardano NFT markets were developed to serve as a great alternative for NFT fans who do not want to use the Ethereum network. NFTs minted on the Ethereum blockchain typically have high transaction fees.

On the other hand, the Cardano blockchain is cost-effective and digital artists and curators can mint and trade NFTs for a very small fee.

The Cardano NFT marketplace was only launched last year and has so far experienced significant growth in users and trade volume.

The marketplace had its peak daily volume in January, exceeding 5 million traded ADA tokens before retracing. On the 23rd of this month, the daily volume spiked once again, nearing a $2.5 million daily trade volume.

The marketplace still has some exciting NFT projects that will be launched soon. The Wolf Pack NFT which has thousands of users anticipating its launch will be released on the 15th of May on the Cardano ecosystem.

Tags: CardanoNFT
Dalmas Ngetich

Dalmas Ngetich

His primary focus is on technical analysis (crypto is, obviously, *not* crypto without the twirls of price action), the magic of DeFi, and NFTs. He is specifically training his eyes and effort on DeFi—and how the tech is changing investment, opening up opportunities for everyone—and the possibilities of NFTs.

Related Posts

Polygon overtakes Ethereum in NFT sales, driven by Courtyard's physical card collectibles

NFT Sales Jump to $109.8M as CryptoPunks Surge 136%

September 21, 2025

NFT sales rose 4.1% to $109.8M as CryptoPunks jumped 136%. Buyer and seller counts soared, signaling a strong...

Bar chart showing June 2025 NFT sales volume by blockchain including Ethereum, Immutable, Bitcoin, and Polygon

NFT Sales Plunge to $129.6M as Pudgy Penguins Jump 63%

August 31, 2025

NFT sales slipped 8.53% to $129.6M, yet Pudgy Penguins soared 63% as buyer counts grew across blockchains and...

Bar chart showing June 2025 NFT sales volume by blockchain including Ethereum, Immutable, Bitcoin, and Polygon

NFT Market Rebounds Slightly as Bitcoin Surges Past $105K

June 8, 2025

NFT sales rise 1.95% to $106.2M as Bitcoin surges to $105K. Buyer participation jumps 55% amid steady growth...

Bar chart showing June 2025 NFT sales volume by blockchain including Ethereum, Immutable, Bitcoin, and Polygon

NFT Lending Volume Collapses 97% From Peak as Market Activity Dries Up

May 28, 2025

NFT lending has collapsed 97% from its peak, with borrower activity down 90% and lenders 78%, reflecting a...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service