Ethereum NFT Sales Slump As Polygon, Cardano, And Salona Sales Rise

  • Ethereum has long been the industry leader in NFTs, with Cardano.
  • Cardano momentarily surpassed Polygon in terms of the amount of NTF sales
  • The amount of sales on Ethereum has declined by 12% over the last seven days.

Since the beginning of 2023, the market for non-fungible tokens (NFTs) has boomed, with marketplaces like OpenSea experiencing a rise in activity. NFT are virtual tokens that signify ownership of distinctive assets like works of art, video game items, or even individual tweets. 

Because of its decentralized architecture, which enables the production and selling of a wide variety of distinctive digital assets, Ethereum has long been the industry leader in NFTs. Numerous well-known NFT games and collections, such CryptoPunks, the Bored Ape Yacht Collection, and others found there.

Cardano Overtook Polygon

According to data from CryptoSlam, the layer one blockchain Cardano, whose token is ADA. Briefly overtook the Ethereum scaling platform Polygon early on Monday to become the fourth-most popular blockchain by NFT sales volume.

Despite an 86% spike in sales the day before, Cardano had fallen to sixth rank as of Monday afternoon, behind BNB and Polygon. The spike appears to have been driven by two projects, Goofy Gophers and Spacebudz. According to, have produced more than 185,000 ADA (about $70,000) in trade volume during the previous 24 hours.

Cardano momentarily surpassed Polygon in terms of the amount of NFT sales. While the latter has also had a substantial boost in volume sales. Most likely as a result of the transfer of the Y00ts NFT collection from Solana to Polygon. A well-known NFT collection called Y00ts has been making waves in the NFT industry, and its move to Polygon hailed as a major victory for the blockchain.

Solana Gaining Pace In NFT Industry 

Due to the Mad Lads NFT collection, Solana, another blockchain that has been gaining pace in the NFT industry, has witnessed significant sales volume over the past week. The Mad Lads collection, which includes 8888 different NFTs, has helped the blockchain gain attention by generating $8 million in sales in the last week.

Other blockchains have seen an increase in sales volume during the past week, including Solana (SOL). Sales, unique buyers, and unique sellers all increase significantly on April 22 in Solana, largely as a result of the release of Mad Laeds, whose mint delayed due to incredibly high demand. 

Recently, sales of NFTs on other blockchains have surged as sales of NFTs on Ethereum have fallen. The amount of sales on Ethereum has declined by 12% over the last seven days, while the number of unique buyers and sellers has decreased, according to Crypto Slam.

A few collections in recent months have temporarily increased trade. Indicating that the overall NFT market has cooled throughout an extended crypto winter. The number of unique users across well-known NFT marketplaces. Including Blur, OpenSea, and LooksRare, decreased to 7,805 on April 19, a level not seen since July 2021, according to a Dune dashboard by SeaLaunch. 

Despite the fact that Ethereum is still hands-down the most often used blockchain for NFTs. The decline in sales has allowed other NFT collections on other blockchains to flourish.

This change in the NFT industry is not wholly unexpected, given recent data that indicated the NFT sector is going through a long-term decline. The value of bluechip NFT collections found in Ethereum has decreased to levels not seen before 2021.



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