OpenSea’s Ethereum gas usage has declined to almost zero
Ethereum (ETH) network based on transactions interacting with non-fungible tokens contracts showed that OpenSea’s gas usage has declined to almost zero.The analysis included token contract standards (ERC721 and ERC1155) and other NFT marketplaces.
According to the above chart, overall gas fees in transactions related to NFTs peaked between October 2021 and January 2022. During this period, OpenSea accounted for roughly 20% of NFT gas consumption on Ethereum. The largest NFT marketplace was still able to maintain its dominance in gas consumption until July, when it began to decline rapidly –this coincided with when the bear market.
Source
t.me/Nfts_Daily
