XRP leads with the highest daily NFT volume growth

NFT technology has become one of the most important areas in the world of cryptocurrencies and blockchain, attracting the attention of artists, collectors, and corporate players alike. In this regard, XRP Ledger (XRPL), associated with Ripple, has become the platform of choice for many looking to create and trade NFTs.

One of the most notable aspects of the growth in NFT activity on XRPL is the increase in the average daily transaction volume of NFTs compared to the previous quarter. Almost all categories of NFT transactions on XRPL have shown an increase, underscoring the interest and trust in this network.

It is particularly important to note that XRP stands out compared to other major blockchain networks such as Ethereum, Polygon, and Cardano. In the last 24 hours, NFT volumes on XRP have increased by nearly 166%, while competitors have seen declines in volumes at 23%, 45%, and 14%, respectively. This indicates the growing influence and attractiveness of XRPL for NFT creators and collectors.

It is also worth noting that many successful initiatives, such as the NFT collection from motorcycle manufacturer Ducati, use XRPL to implement their projects. This highlights the technical support and attractiveness of the network for corporate and cultural initiatives.

XRP Ledger continues its path of NFT activity growth, and the XLS-20 standard, standardized in October 2022, plays a crucial role in ensuring the security and functionality of these digital assets. With an increasing number of issuers and interest in NFTs, XRPL may continue to attract attention and remain a key platform for this innovative sector in the world of cryptocurrencies.

NFT (Non-Fungible Tokens) technology is at the forefront of the cryptocurrency world, and in this regard, XRP, associated with Ripple, has demonstrated significant growth in the realm of transactions involving collectible digital assets on the XRP Ledger (XRPL) network. New research indicates that XRP leads in terms of increasing NFT volumes, surpassing other major blockchain platforms like Ethereum, Polygon, and Cardano.

XRPL's success in the NFT space can be attributed to the standardization of NFTs carried out through the XLS-20 upgrade in October 2022. This upgrade introduced important features, including royalties and spam protection, making the creation and transfer of NFTs on XRPL more convenient and secure for users. This growth in activity underscores not only the potential of XRPL as a platform for NFTs but also the growing interest in collectible digital assets as a whole.