In recent years, the NFT (non-fungible token) space has grown into a billion-dollar industry, and Ethereum is a leader in this space. However, Cardano has been criticized as a “ghost chain” due to its lack of DeFi and NFT economics. But a change is happening in the NFT world. 🚀

According to the weekly chart shared by Stocktwits NFT, the Cardano NFT base price index is 22% above Ethereum. The platform's latest update shows increased interest in Cardano among market participants. 📈

The Vasil update in September made Cardano the third largest NFT protocol, behind Ethereum and Solana. Vasil aims to increase block latency and blockchain efficiency, and this update increased the number of Unique Active Wallets (UAW) on the Cardano blockchain.

On the other hand, Ethereum's dominance in the NFT space has diminished due to network congestion and high gas fees, causing some users to turn to alternative platforms.

Even though the base price of Cardano NFTs is above Ethereum, Ethereum remains the leader in terms of NFT sales volume in the last 24 hours. 😮

According to CryptoSlam data, Ethereum's sales amounted to $65 million, while Cardano's sales were $1.47 million.