According to CryptoPotato, Cardano has experienced significant growth in non-fungible token (NFT) sales and total value locked (TVL) recently. NFT sales on the network have surpassed $1.6 million in the last week, representing a 100% increase. In comparison, Solana's figure stands at approximately $48 million, which is a 7% decline for the same time frame.
TVL on Cardano has also been on the rise lately, exceeding the $400 million mark and hovering close to the peak levels observed in mid-December 2023. The metric has soared almost 700% year-over-year, pushing Cardano's ranking from 34th to 13th. Total value locked on Solana is currently around $2 billion, but the figure is far from the all-time high of approximately $10 billion registered in November 2021.
Cardano's ADA has been among the top-performing altcoins as of late, registering a 25% price increase on a two-week scale. In comparison, Solana (SOL) is up 14% for that period, while Ripple's XRP is up 11%. On February 8, analyst Ali claimed that a sustained daily close above $0.53 could push ADA's valuation to $0.68. The asset hovered around the resistance level for the next 24 hours and then started an uptrend towards the $0.55 mark.