Will Ethereum NFTs Make a Comeback?
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Will Ethereum NFTs Make a Comeback?
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Ethereum’s gas usage by NFTs has exhibited significant shifts over the past few years, mainly as different platforms have gained and lost prominence. Recent data indicates that Blur and OpenSea have consistently dominated gas consumption since early 2024.
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06
Month29
Day2024
Year05
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Decoding Ethereum NFT gas trends
Crypto
News story
In 2021, major spikes in gas consumption for NFT transactions on the Ethereum network signaled a notable rise in the crypto market and heralded the start of a bull run.
Crypto
News event
Claim
The overall gas usage for NFTs on the Ethereum network has dramatically decreased from over 30% to below 4% since January 2023 reflecting shifts in market dynamics and increased adoption of alternative blockchain solutions.
Crypto
News event
Claim