Injective releases Gas Compression technology to compress on-chain transaction costs

Odaily News Layer 1 Blockchain Injective announced the launch of Gas Compression technology, claiming that any transaction, whether staking, trading on dApps, lending, minting NFTs, voting on governance proposals, etc., will incur zero cost, and every transaction on its platform will The nominal cost of a transaction is only 0.00001 INJ or 0.0003 USD, which also opens the door to a variety of possibilities for developers, users and institutions alike. Injective said that the current cost of minting 1,000 NFTs on its chain is only $0.30, which is more than 100 times lower than the cost of Ethereum and 500% lower than the cost of chains such as Polygon.