Blur, an NFT marketplace, is the top “gas guzzler” on Ethereum, beating out UniSwap and Seaport, a web3 protocol that ensures transactions are executed securely and efficiently.
The top gas burner on Ethereum is BLUR
According etherscan.io, BLUR has surpassed UniSwap and Seaport in terms of daily Ethereum trading volume, which is why the platform’s activity is consuming a lot of resources on the smart trading network. Typically, the more active the network is, the higher the fees it generates for validators.
Users use the native ETH crypto, used on the Ethereum network, to pay for computational resources measured in units of gas.
The total fees it has accumulated in the last 24 hours have exceeded $457,006.19, or about 9.91% of all fees paid to the Ethereum network.
In the last seven days, this week’s airdrop has caused more than $4 million worth of Ethereum to burn.
Blur’s growing sovereignty
In the last 48 hours, the total value locked for BLUR {TVL} has increased significantly, reaching $121.42 million.
As a result, it gained even more popularity in the NFT ecosystem, serving as an aggregator. With a market dominance of around 70%, the data shows that it was the largest in the ecosystem.
Around 100,000 NFT traders received BLUR tokens via airdrop the day after the corporation suggested that NFT project developers avoid OpenSea exchanges. The use of the market is free for artists.
Previously, Coinbase stated that it would start trading the BLUR-USD pair as soon as there is sufficient liquidity.
Today, the BLUR price increased by $1.30, up 11.34% from the previous day. Its 24-hour trading volume is up 18.83% and its market capitalization is $504,594,132.
There is currently $686,428,266 in it. According CoinMarketCaps crypto market tracker, current circulating supply is 386,316,751 BLUR.
