Blockchain intelligence platform Glassnode published a report on Wednesday analyzing how Blur – the new hotspot for NFT trading – is slowly reigniting the non-fungible economy on-chain. The firm noted a 94% increase in gas consumption from NFT-related transactions on Ethereum over the past 2 months. As the report explained, Ethereum gas fees have become more expensive this month, with the median transaction gas price rising to 38 gwei, compared to roughly 10 to 20 gwei over the previous nine months. That’s higher than the cost of gas during both FTX’s fallout in November (36 gwei) and Binance’s bank run event the following month (24 gwei) – both events create high block space demand that drives up the cost of transactions.
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ZEC
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XLM
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BCH
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GRAM
$1.35
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Mkt Cap $2.29T
BTC Dom 56.78 %
BTC
$64,887.00
▲ +0.80%
ETH
$1,912.63
▲ +0.60%
USDT
$0.999496
▲ +0.00%
BNB
$591.36
▼ -0.20%
USDC
$0.999693
▲ +0.00%
XRP
$1.03
▼ -0.60%
SOL
$73.84
▲ +1.60%
TRX
$0.327653
▲ +0.20%
FIGR_HELOC
$1.02
▼ -1.20%
HYPE
$54.13
▼ -3.00%
DOGE
$0.069918
▲ +0.90%
USDS
$0.999865
▲ +0.00%
RAIN
$0.012716
▲ +1.40%
LEO
$9.72
▼ -0.30%
ZEC
$506.63
▲ +0.20%
ADA
$0.200601
▲ +0.20%
XMR
$380.63
▲ +3.30%
WBT
$56.12
▲ +0.80%
LINK
$8.18
▼ -0.50%
XLM
$0.161805
▼ -0.50%
DAI
$0.999864
▲ +0.00%
BCH
$215.88
▲ +1.20%
USD1
$0.999895
▲ +0.00%
USDE
$0.999725
▲ +0.00%
GRAM
$1.35
▼ -0.70%
BTC
$64,887.00
▲ +0.80%
ETH
$1,912.63
▲ +0.60%
USDT
$0.999496
▲ +0.00%
BNB
$591.36
▼ -0.20%
USDC
$0.999693
▲ +0.00%
XRP
$1.03
▼ -0.60%
SOL
$73.84
▲ +1.60%
TRX
$0.327653
▲ +0.20%
FIGR_HELOC
$1.02
▼ -1.20%
HYPE
$54.13
▼ -3.00%
DOGE
$0.069918
▲ +0.90%
USDS
$0.999865
▲ +0.00%
RAIN
$0.012716
▲ +1.40%
LEO
$9.72
▼ -0.30%
ZEC
$506.63
▲ +0.20%
ADA
$0.200601
▲ +0.20%
XMR
$380.63
▲ +3.30%
WBT
$56.12
▲ +0.80%
LINK
$8.18
▼ -0.50%
XLM
$0.161805
▼ -0.50%
DAI
$0.999864
▲ +0.00%
BCH
$215.88
▲ +1.20%
USD1
$0.999895
▲ +0.00%
USDE
$0.999725
▲ +0.00%
GRAM
$1.35
▼ -0.70%
Mkt Cap $2.29T
BTC Dom 56.78 %
BTC
$64,887.00
▲ +0.80%
ETH
$1,912.63
▲ +0.60%
USDT
$0.999496
▲ +0.00%
BNB
$591.36
▼ -0.20%
USDC
$0.999693
▲ +0.00%
XRP
$1.03
▼ -0.60%
SOL
$73.84
▲ +1.60%
TRX
$0.327653
▲ +0.20%
FIGR_HELOC
$1.02
▼ -1.20%
HYPE
$54.13
▼ -3.00%
DOGE
$0.069918
▲ +0.90%
USDS
$0.999865
▲ +0.00%
RAIN
$0.012716
▲ +1.40%
LEO
$9.72
▼ -0.30%
ZEC
$506.63
▲ +0.20%
ADA
$0.200601
▲ +0.20%
XMR
$380.63
▲ +3.30%
WBT
$56.12
▲ +0.80%
LINK
$8.18
▼ -0.50%
XLM
$0.161805
▼ -0.50%
DAI
$0.999864
▲ +0.00%
BCH
$215.88
▲ +1.20%
USD1
$0.999895
▲ +0.00%
USDE
$0.999725
▲ +0.00%
GRAM
$1.35
▼ -0.70%
