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Ethereum Gas Crisis Eases as NFT Marketplace Fees Plunge

Ethereum Gas Crisis Eases as NFT Marketplace Fees Plunge

  • Rudolph Harmon
  • May 20, 2023
  • Ethereum, News, NFT
  • Ethereum, Ethereum Gas, NFT
  • 0 Comments

As reported by Nansen recently, Ethereum gas fees in NFT marketplaces have observed a significant reduction, steering the cryptocurrency ecosystem out of an impending gas crisis. A noteworthy point to consider is the substantial drop in Ethereum gas usage by NFTs, which now only account for a minor 3% of the total gas consumption. Uniswap Takes Lead in Gas Consumption  …

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