XRP Ledger's NFT Market Shows Sustained Growth

According to Bithomp's statistics, XRP Cafe has emerged as the primary market leader in the XRP Ledger's NFT space, boasting an impressive volume of secondary sales over the past 30 days. The platform recorded 52,909 minted NFTs and 11,845 units sold, marking a staggering 79.75% increase in secondary sales volume compared to October 15th. The cumulative sales volume on XRP Cafe reached 336,939 XRP, equivalent to over $196 million in dollar value.

In comparison, OnXRP, another XRPL NFT project, closely trails XRP Cafe, registering 2,166 secondary sales and 19,396 minted NFTs. OnXRP's sales volume amounted to 301,048, crossing the $175 million mark in dollar value.

Ranking third in secondary NFT sales, Sologenic recorded a modest number of 98 sales and an XRP sales volume of 30,464.

While XRP Cafe leads in the 30-day secondary sales volume, it falls behind in primary sales compared to OnXRP. Primary sales involve the initial sale of newly created NFTs by the creator, whereas secondary sales encompass the resale of existing NFTs by collectors.

According to Bithomp's data, OnXRP achieved 9,342 NFT sales in the last 30 days, with a sales volume totaling $61,307.36. Despite XRP Cafe's significantly larger number of minted NFTs, it did not secure the second position in primary sales.

DeFi platform OpulenceX emerged as the closest competitor to OnXRP in primary sales, with a sales volume of $44,500.36. XRP Cafe secured the third spot in primary sales with a volume of $34,514.11. Over the entire history of primary sales, XRP Cafe dropped to fourth place, while OnXRP maintained its top position.

These highlighted XRPL projects have evolved in the NFT scene since the implementation of XLS-20 in October 2022, which brought NFTs onto the blockchain.