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Cardano's NFT Market Outperforms Top Blockchains Despite Decline in Traders

Cardano's NFT market performance in June surpassed some of the top blockchains in the industry, despite a decline in traders and being nicknamed the "ghost chain". While monthly unique NFT buyers on Cardano decreased significantly from its peak in October 2021, traders on the platform suffered fewer losses compared to some of the world's top NFT networks.

Although some top Cardano NFT projects have been inactive on social media, creators are still releasing their NFT collections on the platform, with some selling out within 48 hours of launch. However, a Twitter user expressed concern about the silence of top 50 projects on the Cardano blockchain, and low crypto market liquidity is affecting the NFT market performance on all blockchains.

Despite these challenges, Cardano developers are continuing to build a healthy NFT ecosystem, with Anndy Lian praising the platform's user-friendly experience for NFT creators and traders.

Cardano Cardano $0.44
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