The gas consumption on the NFT market on Ethereum has hit a two-year low.

Odaily News: The gas consumption of the NFT market based on the Ethereum network is significantly decreasing, reaching levels seen in June 2021. Specifically, trading activities on platforms like OpenSea, Blur, LooksRare, Rarible, and SuperRare currently account for approximately 1.85% of the total gas consumption on the Ethereum network.



This figure is significantly lower compared to the previous peak on January 9, 2022, when NFT transactions on OpenSea alone accounted for 28.69% of the total gas consumption on Ethereum. (CryptoSlate)