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Blur Takes the Lead in NFT Market with High Gas Expense Consumption

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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 Takes the Lead in NFT Market with High Gas Expense Consumption

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 is an emerging space that has seen significant growth in recent years, with a surge in the number of platforms facilitating NFT transactions. As the popularity of NFTs continues to rise, the competition among these platforms is getting increasingly intense. In this context, the latest news from Blur, a platform for buying and selling NFTs, is worth noting.

According to reports, Blur has overtaken Uniswap and Seaport 1.1 in terms of gas expense consumption in the NFT market, ranking first. Gas expense refers to the fee paid by users to execute a transaction on the Ethereum blockchain. It is an essential factor that determines the speed and efficiency of any transaction in the NFT market.

The fact that Blur has surpassed its competitors in gas expense consumption shows that the platform is capable of handling a larger volume of transactions and ensuring faster processing times. This could be a significant advantage for Blur over other platforms in the highly competitive NFT market.

In addition to its high gas expense consumption, Blur has also performed well in terms of transaction volume. As per data from Dune Analytics, Blur’s transaction volume has reached 1059954 ETH, equivalent to approximately US$1.8 billion at current prices. The total transaction volume on the platform stands at 2059812.

These figures indicate that Blur has been able to establish a robust user base and engage them in high-value transactions. It also suggests that the platform is gaining traction among the growing number of NFT enthusiasts who are looking for a reliable and efficient marketplace to buy and sell NFTs.

In conclusion, Blur’s impressive performance in terms of gas expense consumption and transaction volume is a testament to its strong technology and user-centric approach. As the NFT market continues to evolve, Blur’s ability to stay ahead of the curve could prove to be a significant advantage for the platform’s continued growth and success in the highly competitive space.

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