NFT gas usage on Ethereum reaches 2-year low 
The Ethereum network is experiencing a significant reduction in gas consumption by NFT marketplaces, dropping to levels recorded in June 2021.
Transaction activities on NFT marketplaces OpenSea, Blur, LooksRare, Rarible, and SuperRare currently account for roughly 1.85% of the total gas usage on the Ethereum network. This represents a marked decline from the previous high on Jan. 9, 2022, when transactions on OpenSea alone comprised a staggering 28.69% of Ethereum’s total gas consumption.
This downward trend in gas usage by marketplaces signals a potential shift in the NFT landscape.
Analyst 
Andjela Radmilac
Armed with a classical education and an eye for news, Andjela dove head deep into the crypto industry in 2018 after spending years covering politics.
Latest Insights
In this insight
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Rarible
$1.77514
Rarible is a creator-centric NFT marketplace and issuance platform.
SuperRare
$0.11784
SuperRare is a marketplace to collect and trade unique, single-edition digital artworks..
OpenSea
OpenSea is a decentralized peer-to-peer marketplace for buying, selling, and trading NFTs.
LooksRare
LooksRare isย a community-first NFT marketplace that actively rewards all users of the platform.
Blur
Blur is an NFT marketplace and aggregator that was launched on October 19, 2022.
Featured Data Partner
