.xpmarket reveals impressive growth of NFTs on XRPL: Details $XRP Ripple XRP
The number of transactions also increased from 102,823 in May to 114,045 in June. That said, the segment witnessed an increase of 10.9%.
It should also be noted that XPMarket's analysts and researchers are certain that the most impressive announcements are yet to come for NFTs on XRP Ledger:Given the current trends, it is expected that the XRPL NFT market will continue to grow in volume and activity. However, close monitoring is needed to assess the impact of rising issuer and broker fees on market activity.
The average price of one XRP-based NFT increased from 18 XRP in May to over 23 XRP in June. Meanwhile, the issuer fees spiked more impressively than all other metrics: they averaged 1.23 XRP in June after a whopping 55.4% increase.One more landmark accomplishment was registered by XPMarket analysts, who studied the cumulative revenue of creators. Last week, it smashed through the $1 million milestone.
As covered by U.Today previously, XRP Ledger has its own standards for non-fungible tokens. As the blockchain lacks programmability by default, the progress of NFTs on them has its own path, different from that of Ethereum or Polygon's NFTs.
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