Smart contract platform Cardano (ADA) has managed to become the third largest protocol in the NFT market.
The NFT market, which has been adopted globally with a rapid rise, continues to evolve despite its recent declines. Although users are now moving away from NFT investments, Cardano has shown positive signals. The project, which continues its network developments and updates at full speed, also gained a remarkable momentum in the field of NFT. A stable NFT volume was seen in the project’s network activities.
Cardano Strengthens in NFT
Cardano, which entered a new dimension with Vasil Hard Fork, continues to strengthen in its network activities. ADA, which fell short of investors’ expectations for price increases, is shown among the best projects in terms of developments.
The 50 percent increase in volume experienced in the NFT market also reveals the interest in the ADA side. Cardano, which managed to be among the top three NFT networks, may have entered the recovery process.
It also saw the highest volume in six months on the side of the popular smart contracts platform, finance platform MinswapDEX. According to network records, MinswapDEX is reaching $3 million in daily volume.
Developments in Cardano give positive signals for the future.
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