The excitement of NFT monkey mining has sent gas prices skyrocketing. Craving for non-fungible animal-themed tokens has become so popular that it is now the main source of Ethereum transaction fees over the past 24 hours.
CyberKongz, a project that started as a collection of 1,000 unique NFT in early March 2021, has grown in popularity. In addition, today it has reached the first place in the OpenSea NFT market and on the most popular decentralized exchange, Uniswap, in terms of burning Ethereum fees.
Chinese blockchain exchange Wu Blockchain reported that in just 5 hours, CyberKongz VX burned more than 1,240 Ethereum (ETH) – about $ 4 million.
The impressive number of NFT monkeys sent gas prices skyrocketing, with average transactions reaching the highest level since late May-about $25. The Etherscan gas tracker displays the price of $ 40 for more complex operations.
According to OpenSea, there are now 3,000 NFT in the monkey-themed collection with over 600 owners and a floor price of 1.27 ETH-about $4,150. The most expensive NFT in this collection is sold for 10,000 ETH, or $ 33 million.
On OpenSea, the newly created CyberKongz are sold on the secondary market which accounts for almost 16% of all gas used on the network. In the last 24 hours, it burned $ 2.7 million in fees.
According to the official website of the NFT collection, the images of CyberKongz of 34 x 34 pixels are such a success because they are suitable as profile photos on Discord and social networks.
The BANANA token also enjoys popularity by giving CyberKongz Genesis holders the ability to passively generate 10 tokens per day for the next ten years.
I am sure that blockchain and cryptocurrencies represent the future, and I want to spread this idea to everyone because the more people there will be to believe in cryptocurrencies, the faster the future will come.
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