{"id":20599,"date":"2023-08-03T12:14:22","date_gmt":"2023-08-03T12:14:22","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/nft-gas-usage-shows-downward-trend-signals-shift-in-landscape\/"},"modified":"2023-08-03T12:14:24","modified_gmt":"2023-08-03T12:14:24","slug":"nft-gas-usage-shows-downward-trend-signals-shift-in-landscape","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/nft-gas-usage-shows-downward-trend-signals-shift-in-landscape\/","title":{"rendered":"NFT gas usage shows downward trend, signals shift in landscape"},"content":{"rendered":"
Ethereum gas consumption of nonfungible tokens (NFTs) has gone through significant drops since its highs in 2021. Marketplaces and NFT projects that occupied top spots in terms of gas consumption at the time have since shown a sharp decline in two years.\u00a0<\/p>\n
Data shared by the on-chain analytics platform Glassnode shows that gas usage by NFT marketplaces is currently on a downward trend. The marketplaces that once topped the charts for gas usage are now far from their former spots in the Ethereum gas consumption list. This shows that there may be a shift in terms of NFT use, where more users may be opting to hold on to their assets instead of trading them on marketplaces.<\/p>\n