OpenSea now Number One on Ethereum Usage

OpenSea now Number One on Ethereum Usage

Uniswap has occupied the top spot since last year.

OpenSea, a non-fungible token marketplace (NFT), topped the leaderboard for Ethereum blockchain gas consumption over the last 24 hours. This was a rare finish ahead decentralized finance (DeFi) exchange Uniswap.

Uniswap, the second largest decentralized Ethereum exchange, has been the leader in daily transaction fees since last year. This is a crucial indicator of actual use of the world's second largest blockchain.

OpenSea is now at the top of the heap with $1.9 million in transaction fees spent in the last day, thanks to the resurgence in NFTs that were highs in early this year. Uniswap V2 (and V3) have combined spent $1.57million in transaction fees.

In the last few weeks, a number of NFT projects were launched, including Pudgy Penguins and Sad Frogs District. The projects host different types of auctions that allow users to mint a random NFT for a given amount of ether (ETH, +6.15%), the native currency of the Ethereum blockchain.

OpenSea allows these NFTs to trade and be bidded on in a secondary market. Last month, the marketplace raised $100 million in a funding round led by Andreessen Horowitz.

Data site Glassnode projects that OpenSea could have $1 billion in volume this month with 300,000 unique users. You can use robot trading autopilot to get some money to buy NFT with us.