1. PixelPlaygroundHome
  2. Blockchain Briefs

Blur Emerges as Leader in NFT Market Transaction Gas Expenses

• Blockchain Briefs • 107 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 consumpt…

Blur Emerges as Leader in NFT Market Transaction Gas Expenses

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

Interpretation of the news:


The NFT market has grown exponentially in recent years, with various platforms providing unique services and transactions to their users. The latest trends in the market show that the platform Blur has emerged as the leader in transaction gas expenses, overtaking Uniswap and Seaport 1.1.

Blur is a decentralized platform that provides a marketplace for NFTs. In the platform, users can create, sell, and buy unique digital assets using Ethereum technology. The platform has gained popularity and attracted a significant number of users due to its user-friendly interface and transparent operations.

According to reports from Blur social media, the platform’s gas expense consumption has exceeded that of its competitors, Uniswap and Seaport 1.1. Gas expenses are incurred when carrying out transactions in the Ethereum blockchain. It is a fee paid by the user to the mining network for processing and verifying transactions.

By exceeding its competitors in gas expenses, Blur has proven to be more efficient and faster in processing transactions, leading to a more satisfactory customer experience. The platform’s strategy aligns with the current trend in the NFT market, where users value shorter transaction times and lower transaction costs.

Furthermore, data from Dune Analytics reveals that the current transaction volume on Blur has reached 1059954 ETH, equivalent to US $1.8 billion at the current exchange rate. The total transaction volume processed by the platform stands at 2059812. This impressive feat shows that the platform has been actively meeting the growing demands of NFT enthusiasts.

In conclusion, Blur’s emergence as the leader in transaction gas expenses in the NFT market is a testament to the platform’s dedication to providing the best services to its users. With the increasing popularity of NFTs, platform efficiency and speed should be a top priority for platforms in the market. Therefore, firms should take lessons from Blur’s success and strive to provide better services in this ever-growing industry.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/1551/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/19/2023 02:57
Next 02/19/2023 03:16

Recommended articles