Blur Emerges as the Leading Gas Expense Consumer in the NFT Market

02/19/2023 03:06 • Metaverse Matters • 136 views

It is reported that according to the latest transaction gas expense data displayed by Blur on social media in the NFT market, its platform gas expense consumption has exceeded Uniswap and Seaport 1.1, ranking first. In addition, according to Dune Analytics, the current Blur transaction volume has reached 1059954 ETH, which is about US $1.8 billion at the current price, with a total transaction volume of 2059812.

Gas cost consumption of Blur platform surpasses Uniswap temporarily

Interpret the above information:

The NFT market is booming, and the competition among the different platforms is getting fiercer by the day. Recently, it has been revealed that Blur has overtaken Uniswap and Seaport in terms of gas expense consumption, making it the platform with the highest gas expense in the NFT market. This signifies a significant milestone for the platform and confirms its growing dominance in the market.

Gas expense is the cost incurred when executing transactions on the Ethereum blockchain, which is the underlying technology behind most NFT marketplaces. The higher the gas expense, the more expensive it is to transact on a given platform. Therefore, being the platform with the highest gas expense consumption means that Blur is the most expensive platform to execute transactions on.

According to Dune Analytics, Blur’s transaction volume has reached an impressive 1059954 ETH, which is worth about US $1.8 billion at the current price. Additionally, the platform has recorded a total transaction volume of 2059812, highlighting its growing popularity in the NFT market.

This news indicates that Blur is well on its way to becoming one of the leading NFT platforms in the market, and it’s doing so with a unique approach. Unlike other platforms that focus on selling individual NFTs or collections, Blur focuses on providing a platform where users can interact with each other and build a community around shared interests. This approach has resonated with many users, leading to the platform’s growth and dominance in the market.

In conclusion, Blur’s emergence as the leading gas expense consumer in the NFT market is a testament to its growing popularity and dominance in the industry. With an impressive transaction volume and a unique approach that provides a sense of community for its users, the platform is set to become one of the leading NFT platforms in the future.

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Blur Emerges as the Leading Gas Expense Consumer in the NFT Market

Gas cost consumption of Blur platform surpasses Uniswap temporarily

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