Cardano has broken into the top three NFT chains<\/a> as its NFT space continues to gain traction. Cardano ranked ahead of Immutable X with $968,000 traded in NFTs, following Ethereum and Solana only.<\/p>\n The daily NFT market update is a wild one today👀<\/p>\n 🚀Cardano breaking into the top 3 with @the_ape_society<\/a> @DerpBirdsNFT<\/a> @claymates<\/a> leading the way! \u2014 Stocktwits NFTs (@StocktwitsNFTs) October 17, 2022<\/a><\/p><\/blockquote>\n Cardano also recorded a 132% jump in 24-hour NFT volume. Notably, NFT platforms, The Ape Society, Spacebudz, Claynation by Claymates and Derp Apes, saw increases of 341%, 1066%, 318% and 368% in 24-hour volumes.<\/p>\n As reported by U.Today<\/a>, an exodus of NFT traders has been noticed as many move away from Solana to Cardano. This might also have contributed to the surge in volumes seen in the Cardano NFT space.<\/p>\n Per OpenCNFT<\/a> data, the number of NFT trades increased by nearly 40% in the last 24 hours, and the number of NFTs sold rose by 40% as well.<\/p>\n Ads<\/p>\n<\/div>\n<\/div>\n In addition, the floor prices of the top CNFT collections have also increased between 40% and 140%, according to the screenshot <\/a>shared by Stocktwits NFTs. On the other hand, the 24-hour NFT volume on Solana was down 30%.<\/p>\n Cardano’s NFT space is rapidly growing, with more than six million NFTs minted. However, its DeFi space is yet to match up in terms of growth. The Cardano TVL, which refers to the total value locked in its DeFi ecosystem, is just $65.39 million.<\/p>\n\n
🐂Hedera gets on the left side of the chart for the first time as @HangryBarboons<\/a> does 2m HBAR volume!
🦎 @Gekofam<\/a> back on top! pic.twitter.com\/6FczXG3yPE<\/a><\/p>\n<\/a><\/p>\n
Orbis analyst makes prediction about DeFi<\/h2>\n