This share volume represents a significant achievement for Cardano NFTs as a whole, including the Ape Society, as it marks the first time that the collection has broken this price point. The floor price of 10,000 ADA refers to the NFT that is the least expensive in the collection. There may be further valuable NFTs in the collection with a price tag that exceeds tens of thousands of ADA.

For example, the NFT belonging to King Ford Edward, which was part of the Ape Society collection, was sold for 180,000 ADA. Another piece of digital artwork from Maitland Lavigne's NFT collection was just sold on Cardano's JPG, the NFT marketplace it operates, for the price of 47,000 ADA.

According to information that was made public by OpenCNFT, the Ape Society is the most successful NFT initiative in terms of collection share within a day's volume. After that comes Lunatics-Quackhead, and then Clay Nation, which is owned by Clay Mates, comes in a distant third place. ADA is the currency used for NFT initiatives that are part of the Cardano ecosystem. Because of this, they are not impacted by the fluctuation in the price of the floor. Instead, the fluctuations in the price of the ADA/USD pair have an effect on them.

In the meantime, Cardano saw a rise of 289% in the volume of its NFT transactions over the course of the past week. On October 10, 2022, the volume of Cardano NFTs amounted to just over 811,000. Nevertheless, by October 17, 2022, it will have increased to 3 million. This modification reveals that Cardano has experienced a price increase of 280 percent. Cardano has also replaced Immutable X as one of the top three NFT chains as a result of the new volume, which means that Immutable X is now in the fourth position.

An increase of 280 percent in Cardano NFT volumes in just one week

After an increase of 280% in Cardano's NFT volume, data from OpenCNFT revealed that the total number of NFT transactions increased by 67% in the past week to reach 48,384. In addition, the number of NFTs that were purchased rose by 65.27 percent, reaching 45,668. In addition, the volume reached its all-time high of 3,089,313 on October 17 of this year.

According to the data provided by OpenCNFT, the 24-hour NFT volume for Cardano fell to 1,232,142 on October 20. According to information provided by Stocktwits NFT, The Ape Society and Claymates NFT collections are currently atop the chart for NFT volumes. The NFT volumes of these individuals experience a spike whenever their activities pick up.

The data from Cardano's decentralized applications (Dapps) reveals an increase in user activity over the past few days. In addition, the amount of user activity on projects such as Cardano DEX MuesliSwap, SingularityNET, Lending Pond, and CNFT rose by 93%, 259%, 75%, and 282%, respectively. SpaceBudz also saw a 75% increase in user engagement.