Gas cost consumption of Blur platform surpasses Uniswap temporarily

It is reported that according to the latest transaction gas expense data displayed by Blur on social media in the NFT market, its platform gas expense consumption has exceeded Uniswap and Seaport 1.1, ranking first. In addition, according to Dune Analytics, the current Blur transaction volume has reached 1059954 ETH, which is about US $1.8 billion at the current price, with a total transaction volume of 2059812.

Interpretation of this information:

The latest transaction gas expense data revealed by Blur on social media has shown that its platform gas expense consumption in the NFT market has exceeded that of Uniswap and Seaport 1.1, positioning itself as the leading platform among the three. Gas expenses are incurred in Ethereum transactions to compensate network users who validate smart contract executions. This development is significant because it demonstrates that Blur is a platform that users trust and are willing to pay for more than any other leading platform.

Further, the report highlights that the current transaction volume of Blur has reached 1059954 ETH according to Dune Analytics. Given the current price of ETH, this transaction volume equates to roughly US $1.8 billion. This volume can be further divided into a total of 2059812 transactions on the platform. This sheer transaction volume highlights that Blur has successfully attracted and retained users that transact in large numbers regularly.

In conclusion, it is evident that Blur has outperformed its competitors, Uniswap and Seaport 1.1, in gas expense consumption. Furthermore, the platform’s remarkable transaction volume signifies that it has established itself as one of the go-to platforms for NFT transactions among the platform ‘s many loyal users.