Author : Zack
Date : Jan 02,2023
The onXRP marketplace has already sold an astonishing 21,469 artifacts
The XRPL-based NFT marketplace onXRP and Bithomp founder Kaj Leroy announced today that their platform had reached a remarkable 7.3 million XRP (or $2.45 million) in sales volume, making it the most well-liked platform ever on the XRP Ledger. has developed into an NFT market. With an astounding 434,000 XRP ($146,000), xrp.cafe comes in second, and xMart is third with 57,003 XRP ($19,184).
The onXRP marketplace has already sold an astonishing 21,469 artifacts, as opposed to Xrp.cafe (2,451 NFTs) and xMart (211 NFTs). One of the main reasons why OnXRP has been so successful is the marketplace's introduction of an own set of Xcoins. According to Bithomp, 337 Cryptopunks NFT-like Xpunks have been exchanged for a total of 603,792 XRP ($203,000).
The most popular and lucrative NFT collectible, with 1,098 sales totaling $191,320, was revelers. The second-placed item is xSPECTAR (629 pieces, $173,610), and the third-placed item is Bored Apps XRP Club (397 tokens, exactly, valued $155,300).
On the XRP ledger, NFTs are still in their early phases.
Further research on NFTs reveals that digital art on the XRP ledger is still in its infancy. According to Stockwits data, Ethereum is clearly in the lead with a $18 million 24 hour trading volume, followed by Solana ($3.1 million) and Sorare ($695,000). However, IMX and Cardano have performed far better than XRP, which is currently the weakest blockchain and only made $36K during the same time period.
One of the top 10 most popular NFT collectibles across all blockchains in the recent day are works of art made with XRPL. The top-ranking Bored Ape Yacht Club has a trading volume of an amazing $1.9 million. With a modest but significant $5,500 in trade volume, Xpunkx is still in eighth place.
The CTO of Ripple is Schwartz. He believes that NFTs are not merely useful for digital artifacts. The $250 million NFT fund from the tech giant is currently supporting initiatives in the music, film, and ticketing sectors that demonstrate novel applications for this technology.
According to Schwartz, the XLS-20 was developed so that initiatives outside of Ripple may use its technology and profit from its reasonable costs and reliable network.