The OpenSea non-fungible token market has become the leader in gas consumption in Ethereum, surpassing the Uniswap decentralized exchange for the first time. The second place is taken by the NFT Axie Infinity game.
Since the DeFi boom last summer, Ethereum’s largest decentralized exchange, Uniswap, has been the leader in online gas consumption. However, the growing popularity of NFT helped OpenSea to come out on top – over the past day, the cost of commissions in the application exceeded $ 2.3 million.
By comparison, Uniswap v2 and v3 had a little over $ 1.6 million in commissions over the same period. Axie Infinity ranks second in the ranking of the largest gas consumers, with NFT sales of which recently exceeded $ 1 billion.
Many NFT projects have been launched in recent weeks, such as Space Poggers, Pudgy Penguins and Sad Frogs District. The projects run various types of auctions that allow users to issue NFT for a given amount of ETH.
OpenSea is a secondary market where you can bet and trade these non-fungible tokens. OpenSea recently raised $ 100 million in a Series B funding round.
The week from July 26 to August 1 was a record for NFT trading volume, reaching $ 339 million for the first time.
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