The non-fungible token (NFT) landscape is witnessing a notable transformation as Cardano’s NFT floor price index surpasses Ethereum’s by 22%, as reported by Stocktwits NFTs. While Ethereum has historically dominated NFT trading, this development highlights a growing interest in Cardano’s NFT platform. Despite Cardano’s rising NFT floor price, it lags in terms of overall trading volume compared to Ethereum. Although Cardano holds promise in the NFT sector, Ethereum maintains its dominance with higher trading volumes and a larger user base. The query “Wen projects migrate to Cardano?” raised by Stocktwits NFTs’ tweet hints at potential migrations to Cardano, influenced by its NFT price surge and platform advantages. However, Ethereum’s established position remains influential in the market.
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