Cardano projects such as The Ape Society, Derp Birds, Clay Nation, and The JPG Junkies have fueled activity on the blockchain as traders snap up NFTs in exchange for the network’s native ADA token.
OpenCNFT reported on Tuesday, 18th October, that Cardano experienced a 110% surge in trading volume and the value of the top CNFT collections saw their values skyrocket by up to 2,500%.

However, Solana is no longer miles ahead of the competition, and with the network repeatedly suffering outages, competitors like Cardano have a solid shot at increasing their share of the NFT marketplace.
You don’t have to look any further than Cardano’s Ape Society to get an idea of just of successful ADA projects are becoming.

The total number of wallets that have ever held an NFT has doubled this year, surpassing 6 million.
Source: NFTNewsToday.com
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