NFT Market Heats Up: On-Chain Data Shows Rising Ethereum Gas Fees

NFT Market Heats Up: On-Chain Data Shows Rising Ethereum Gas Fees
фото показано с : zycrypto.com

2023-3-1 23:33

Increasing competition among the top marketplaces and new projects entering the market is driving positive sentiment. Upstart marketplace Blur recently toppled OpenSea to become the top platform for digital collectables.

On-chain data shows an increase in activities based on the Ethereum application layer – partly due to high NFT transactions – an indication that the market for digital collectables could be preparing for a comeback.

Per a report compiled by Glassnode Monday, the median transaction gas price on Ethereum has spiked to 38 Gwei, comparable to a range of between 10 and 20 Gwei, equivalent to $0.5 and $2, in the past nine months. The analytics firm maintains that the uptick signifies a possible network resurgence. Gas prices fluctuate depending on the demand for the network from users seeking to add their transactions to a new block.

Among the factors driving NFT transactions on Ethereum is the increasing competition between OpenSea and its upstart rival, Blur. The latter, launched in 2022, recently overtook the dominant OpenSea, taking over 78% of the total NFT transfer volume since its airdrop on February 14. Blur’s differentiated approach to onboard professional traders gives it a hedge over OpenSea’s preferred segment of creators and collectors. Blur – which now commands a 34% market share compared to Opensea’s current 15% – also charges modest trading fees and optional royalty payments.

Gas usage for Ethereum NFT transactions up 97% in two consecutive months

Overall, the total gas usage on Ethereum, specifically tied to NFTs, has jumped to 97% in two consecutive months, according to the report, and is now approaching the highs last seen during the 2021’s NFT boom. Besides the competition between Blur and OpenSea, popular projects are also launching new NFTs, notably Yuga Labs, Doodles, and Moonbirds.

Glassnode noted that despite the renewed interest in the asset class, there is little to no effect on the number of new addresses on Ethereum, subdued at 40% lower compared to the past year – meaning the top marketplaces, Blur and OpenSea – are attracting the same users they have had before. It remains to be seen how the rivalry between the duo plays out – considering the plans for the former to have a second airdrop for loyal customers.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3114.92 (+0.10%)
Объем 24H $10.026b
Изменеия 24h: 0.88 %, 7d: 6.35 %
Cегодня L: $3088.33 - H: $3144.08
Капитализация $374.171b Rank 2
Цена в час новости $ 1602.16 (94.42%)

ethereum nft shows market on-chain data indication

Источник: zycrypto.com

ethereum nft → Результатов: 126


Фото:

Ethereum NFT Q3 Performance Signals Doom As Trading Volume Dips

The trading volume of the non-fungible token (NFT) market of the Ethereum ecosystem dipped dramatically during the just-ended third quarter of 2022, pointing to lingering market pain.  According to a report by blockchain and crypto analytics platform Messari, Ethereum NFT transactions fell 17% over the quarter to an average of 181,000 transactions per day. This […]

2022-10-5 22:01


Ethereum Classic выпустил свою коллекцию NFT “ETCPunks”

Для многих блокчейн-проектов и криптовалют вход в пространство NFT – это способ стимулировать рост цен и активность пользователей, попутно привлекая к себе внимание. Недавно эту стратегию опробовал и Ethereum Classic (ETC).

2021-11-6 11:26


Разработчики отказываются от старых «убийц Ethereum» ради DeFi, NFT и новых блокчейнов

Разработчики постепенно уходят с блокчейнов, которые когда-то называли «убийцами эфириума», на постоянно увеличивающееся количество новых децентрализованных протоколов. В февральском отчете венчурной компании Outlier Ventures говорится, что за последние двенадцать месяцев эфириум остается наиболее активно разрабатываемым блокчейн-протоколом; за ним следуют Cardano и биткоин.

2021-2-4 14:17


Фото:

.NFT Web Domain Extension Scooped Up for Record $84K by Kenetic’s Jehan Chu

Jehan Chu, who owns 1,300 Handshake domains, will be able to issue an unlimited number of subdomains under the .NFT extension. The Previous Owner Bought Extension for Less Than $600 Amid the rally in major cryptocurrencies like Bitcoin and Ethereum, non-fungible tokens (NFT) have experienced an explosion in interest, echoed by Hashmasks’ recent funding campaign, […]

2021-2-4 23:15


Игpa «Дoктop Kтo» зaпуcтитcя нa Ethereum в 2021 гoду

Игpa, paзpaбoтaннaя бpитaнcким издaтeлeм Realitу Gaming Group пo лицeнзии BBC Studios, будeт включaть нeвзaимoзaмeняeмыe тoкeны (NFT) для пpeдcтaвлeния кoллeкциoнныx кapтoчeк c изoбpaжeниeм пepcoнaжeй из бpитaнcкoгo нaучнo-фaнтacтичecкoгo тeлecepиaлa «Дoктop Kтo» зa вcю eгo 57-лeтнюю иcтopию.

2020-8-14 13:00


Фото:

Nike запатентовала механизм токенизации кроссовок

Американская компания по производству спортивной обуви и одежды Nike запатентовала механизм представления кроссовок в качестве невзаимозаменяемых (NFT) токенов в блокчейне Ethereum.

2019-12-11 13:50


Токены ERC721 в сети Ethereum установили рекорд

Как сообщается в твитах CoinMetrics, за последний период не взаимозаменяемые токены NFT или токены ERC721 на основе сети Ethereum (ETH) показали ошеломляющий рост. 1/ There were over 3. 7 million Ethereum ERC-721 transfers on November 17th! That’s over 4x more transfers than the previous all-time high of 846 thousand, which occurred just two weeks ago.

2019-11-21 14:57


Разработчики опубликовали трейлер карточной онлайн-игры на Ethereum

Студия Fuel Games опубликовала трейлер карточной онлайн-игры Gods Unchained. Она построена на блокчейне Ethereum, а карты пользователей являются невоспроизводимыми токенами (NFT).   Разработчики карточной онлайн-игры под названием Gods Unchained, построенной на блокчейне Ethereum, опубликовали трейлер геймплея.

2018-11-19 18:29


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

‘Jeo Boden’ Meme Coin Soars 20% After Trump Diss – Details

The memecoin “Jeo Boden” has taken the crypto world by storm, riding on the back of a lukewarm comment from former US President Donald Trump. The whimsical cryptocurrency, a playful misspelling of President Joe Biden’s name, experienced a huge increase after Trump mentioned it at an NFT event in Florida.

Examining BAYC's latest rally from its 32-month low

Bored Ape's floor price sat at a one-month high, at press time Meanwhile, CryptoPunks’ floor price continues to fall According to data from NFT Floor Price, the floor price of the leadingThe post Examining BAYC's latest rally from its 32-month low appeared first on AMBCrypto.