- The Monkey Society, Cardano’s largest NFT project, is priced at 10,000 ADA base price.
- Cardano recorded a 280 percent rise in NFT trading volumes in one week.
Recently, there has been a lot of interest in Cardano NFT projects. That might explain the massive rise in size of The Ape Society, Cardano’s largest NFT project based on the collections series. Today, The Ape Society has set a new record by hitting the lowest price tag of 10,000 ADA.
Apart from being a record for this NFT project, it is also a record for Cardano NFTs. No NFT set on Cardano’s NFT platform has exceeded the ADA 10,000 limit. The lowest price is the cheapest NFT price within the NFT group.
Hence, the 10,000 ADA is the lowest price of any NFT in the Ape Society’s NFT range. However, it is important to note that there will be other NFTs with higher prices than the lowest price. For example, the King Ford NFT of The Ape Society was sold for 180,000 ADA.
Also, Maitland Lavigne (another NFT on JPG, a Cardano NFT Marketplace) sold for ADA 47,000. Recent OpenCNFT data ranked the monkey community as the largest NFT project based on 24-hour transaction volume. In order, Lunatics Quackhead and Clay Nation rounded out the top three NFT projects.
The NFT kits on Cardano’s NFT platform are in the project’s original code (ADA). Hence, minimum price volatility does not affect their prices. Instead, it is subject to fluctuations in the price of the ADA compared to the US dollar.
Cardano’s network and NFT volume in Cardano continue to grow
Meanwhile, Cardano NFT volume increased by 280 percent between October 10-17, 2022. For example, on October 10, ADA NFT volumes were around 810,000 but rose to 3 million by October 17, indicating a rise of 280 %.
This surge in volume caused Cardano to overtake constant x and become one of the top three NFT series. OpenCNFT data shows a 67 percent increase in NFT transactions over the same period.
The data further revealed that the ADA NFT volume count hit a new all-time high at 30,893,313 on October 17th. In addition, StockTwits NFT data also showed that the NFT volumes of the two Cardano NFT projects (Claymates and The Ape Society) have increased significantly recently.
Also, recent DApps On Cardano data showed a spike in Cardano user activity over a 5-day period. User activity on NFT projects such as SpaceBudz, Lending Pond, Cardano Dex Muesliswap, Singularity NFT, and CNFT rose 75 percent, 75 percent, 93 percent, 259 percent, and 282 percent, respectively.
DApps On Cardano Tweet. source: Twitter.
The successful completion of Cardano’s Vasil upgrade has raised expectations from the network. Cardano developers have launched a Vasil upgrade to improve the Cardano network, including Plutus smart contracts. The full posting of Vasil’s posts was completed on September 27. ADA is up 4.38 percent in the past 24 hours and is trading at $0.349.