XRP Cafe Dominates XRPL NFT Secondary Sales with $196 Million Volume

XRP Cafe leads in secondary NFT sales on the XRPL, boasting a remarkable $196 million in transaction volume, marking a 79.75% increase in one month.
OnXRP takes the lead in primary NFT sales on XRPL, while XRP Cafe excels in secondary transactions.

In the rapidly evolving realm of Non-Fungible Tokens (NFTs) within the XRP Ledger (XRPL), XRP Cafe has emerged as a dominant force. This notable NFT project has soared to the top of the charts in the XRPL marketplace, particularly in terms of secondary sales volume over 30 days.

According to recent data from XRPL explorer Bithomp, XRP Cafe has outperformed all other XRPL NFT projects, especially in secondary sales. Impressively, the project witnessed the minting of 52,909 NFTs and 11,845 unit sales in secondary transactions. This remarkable achievement signifies an extraordinary 79.75% increase compared to figures from just a month ago.

In terms of sales volume, XRP Cafe has achieved a staggering 336,939 XRP, equivalent to a dollar value exceeding $196 million. This success not only highlights the project’s dominance but also underscores the growing interest and activity in the XRPL NFT space.

Competition in the XRPL NFT Market

While XRP Cafe leads the pack in secondary sales, the landscape differs when it comes to primary sales, where OnXRP takes the lead. Primary sales involve the initial selling of newly created NFTs by creators and saw OnXRP achieving 9,342 sales in the last 30 days, amounting to over $61,000 in sales volume. XRP Cafe, despite its secondary sales success, ranked third in primary sales with a volume of approximately $34,500.

The success of these XRPL projects in the NFT market can be attributed to the implementation of XLS-20 in October 2022, a pivotal development introducing NFT capabilities to the XRPL. This technological advancement has paved the way for diverse and innovative uses of NFTs within the XRPL ecosystem, fostering a vibrant and competitive market landscape.

The XRPL NFT market is experiencing dynamic growth and competition, with XRP Cafe leading in secondary sales and OnXRP dominating in primary sales. The increasing transaction volumes and market activity reflect the growing interest in NFTs on the XRPL, marking a significant evolution in the blockchain and digital asset space.