{"id":3444,"date":"2024-08-09T11:23:46","date_gmt":"2024-08-09T11:23:46","guid":{"rendered":"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/"},"modified":"2026-01-07T17:13:02","modified_gmt":"2026-01-07T17:13:02","slug":"nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report","status":"publish","type":"post","link":"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/","title":{"rendered":"NFT traders benefit from lower fees and increased liquidity: Glassnode Report"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">March 2, 2023<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By Murtuza Merchant<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After a steep decline in user activity towards the end of 2022, total gas consumption by non-fungible token (NFT) transactions has risen by 97% for two consecutive months.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This suggests that activity around NFTs is approaching levels seen during the NFT boom, according to a report by Glassnode.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The report further states that NFT traders are currently benefiting from lower fees, increased liquidity, and improved price discovery in the NFT market due to increased competition and a shift in focus.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, creators may feel disadvantaged as the industry cuts back on royalty enforcement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the renewed interest in NFTs, the Ethereum ecosystem has not yet seen an influx of new users or significant capital inflows.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nevertheless, if future NFT trading activity increases, it could lead to net value creation for the Ethereum network.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2023\/03\/Ethereum-networ.jpg\" alt=\"\" class=\"wp-image-2940\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">This could result in higher MEV rewards, more arbitrage opportunities, and the development of new infrastructure for the future.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, Glassnode pointed out that NFT marketplace Blur has achieved some success in attracting traders beyond the initial hype of its airdrop earlier this month, thanks to its user acquisition strategy and emphasis on incentivizing liquidity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a result, the marketplace has the potential to become a major player in the NFT industry.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, it is unclear whether the platform will be able to maintain its newly acquired user base, given that it has recently announced a second airdrop that rewards users for loyalty.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>About the author<\/strong><strong><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Murtuza Merchant is a senior journalist and an avid follower of blockchain and cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>March 2, 2023 By Murtuza Merchant After a steep decline in user activity towards the end of 2022, total gas consumption by non-fungible token (NFT) transactions has risen by 97% for two consecutive months. This suggests that activity around NFTs is approaching levels seen during the NFT boom, according to a report by Glassnode. The [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107,129],"tags":[],"class_list":["post-3444","post","type-post","status-publish","format-standard","category-all","category-ethereum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NFT traders benefit from lower fees and increased liquidity: Glassnode Report - Blockwind News<\/title>\n<meta name=\"description\" content=\"NFT traders benefit from lower fees and increased liquidity: Glassnode Report . Read the latest crypto news and analysis on Blockwind News\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NFT traders benefit from lower fees and increased liquidity: Glassnode Report - Blockwind News\" \/>\n<meta property=\"og:description\" content=\"NFT traders benefit from lower fees and increased liquidity: Glassnode Report . Read the latest crypto news and analysis on Blockwind News\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Blockwind News\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-09T11:23:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-07T17:13:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2025\/10\/Blockwind_News.png\" \/>\n\t<meta property=\"og:image:width\" content=\"920\" \/>\n\t<meta property=\"og:image:height\" content=\"186\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Anjali Kochhar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@blockwindnews\" \/>\n<meta name=\"twitter:site\" content=\"@blockwindnews\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anjali Kochhar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/\"},\"author\":{\"name\":\"Anjali Kochhar\",\"@id\":\"https:\/\/blockwind.news\/china\/#\/schema\/person\/5591dfec9d0c72bc6ce2e1e8df0ca44d\"},\"headline\":\"NFT traders benefit from lower fees and increased liquidity: Glassnode Report\",\"datePublished\":\"2024-08-09T11:23:46+00:00\",\"dateModified\":\"2026-01-07T17:13:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/\"},\"wordCount\":266,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/blockwind.news\/china\/#organization\"},\"image\":{\"@id\":\"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2023\/03\/Ethereum-networ.jpg\",\"articleSection\":[\"All\",\"Ethereum\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/\",\"url\":\"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/\",\"name\":\"NFT traders benefit from lower fees and increased liquidity: Glassnode Report - Blockwind News\",\"isPartOf\":{\"@id\":\"https:\/\/blockwind.news\/china\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2023\/03\/Ethereum-networ.jpg\",\"datePublished\":\"2024-08-09T11:23:46+00:00\",\"dateModified\":\"2026-01-07T17:13:02+00:00\",\"description\":\"NFT traders benefit from lower fees and increased liquidity: Glassnode Report . Read the latest crypto news and analysis on Blockwind News\",\"breadcrumb\":{\"@id\":\"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/blockwind.news\/china\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NFT traders benefit from lower fees and increased liquidity: Glassnode Report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blockwind.news\/china\/#website\",\"url\":\"https:\/\/blockwind.news\/china\/\",\"name\":\"Blockwind News\",\"description\":\"Latest News on Bitcoin, Ethereum, Crypto and Blockchain\",\"publisher\":{\"@id\":\"https:\/\/blockwind.news\/china\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blockwind.news\/china\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/blockwind.news\/china\/#organization\",\"name\":\"Blockwind News\",\"url\":\"https:\/\/blockwind.news\/china\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/blockwind.news\/china\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2025\/10\/Blockwind_News.png\",\"contentUrl\":\"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2025\/10\/Blockwind_News.png\",\"width\":920,\"height\":186,\"caption\":\"Blockwind News\"},\"image\":{\"@id\":\"https:\/\/blockwind.news\/china\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/blockwindnews\",\"https:\/\/www.linkedin.com\/company\/blockwindnews\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/blockwind.news\/china\/#\/schema\/person\/5591dfec9d0c72bc6ce2e1e8df0ca44d\",\"name\":\"Anjali Kochhar\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/blockwind.news\/china\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/fc54e7b4930b1ee6674affb4e53672ea6d08da2aabc2167a9eabdacf79e9e9ea?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/fc54e7b4930b1ee6674affb4e53672ea6d08da2aabc2167a9eabdacf79e9e9ea?s=96&d=mm&r=g\",\"caption\":\"Anjali Kochhar\"},\"url\":\"https:\/\/blockwind.news\/china\/author\/anjali-kochhar\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NFT traders benefit from lower fees and increased liquidity: Glassnode Report - Blockwind News","description":"NFT traders benefit from lower fees and increased liquidity: Glassnode Report . Read the latest crypto news and analysis on Blockwind News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/","og_locale":"en_US","og_type":"article","og_title":"NFT traders benefit from lower fees and increased liquidity: Glassnode Report - Blockwind News","og_description":"NFT traders benefit from lower fees and increased liquidity: Glassnode Report . Read the latest crypto news and analysis on Blockwind News","og_url":"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/","og_site_name":"Blockwind News","article_published_time":"2024-08-09T11:23:46+00:00","article_modified_time":"2026-01-07T17:13:02+00:00","og_image":[{"width":920,"height":186,"url":"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2025\/10\/Blockwind_News.png","type":"image\/png"}],"author":"Anjali Kochhar","twitter_card":"summary_large_image","twitter_creator":"@blockwindnews","twitter_site":"@blockwindnews","twitter_misc":{"Written by":"Anjali Kochhar","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/#article","isPartOf":{"@id":"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/"},"author":{"name":"Anjali Kochhar","@id":"https:\/\/blockwind.news\/china\/#\/schema\/person\/5591dfec9d0c72bc6ce2e1e8df0ca44d"},"headline":"NFT traders benefit from lower fees and increased liquidity: Glassnode Report","datePublished":"2024-08-09T11:23:46+00:00","dateModified":"2026-01-07T17:13:02+00:00","mainEntityOfPage":{"@id":"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/"},"wordCount":266,"commentCount":0,"publisher":{"@id":"https:\/\/blockwind.news\/china\/#organization"},"image":{"@id":"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/#primaryimage"},"thumbnailUrl":"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2023\/03\/Ethereum-networ.jpg","articleSection":["All","Ethereum"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/","url":"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/","name":"NFT traders benefit from lower fees and increased liquidity: Glassnode Report - Blockwind News","isPartOf":{"@id":"https:\/\/blockwind.news\/china\/#website"},"primaryImageOfPage":{"@id":"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/#primaryimage"},"image":{"@id":"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/#primaryimage"},"thumbnailUrl":"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2023\/03\/Ethereum-networ.jpg","datePublished":"2024-08-09T11:23:46+00:00","dateModified":"2026-01-07T17:13:02+00:00","description":"NFT traders benefit from lower fees and increased liquidity: Glassnode Report . Read the latest crypto news and analysis on Blockwind News","breadcrumb":{"@id":"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/blockwind.news\/china\/2024\/08\/09\/nft-traders-benefit-from-lower-fees-and-increased-liquidity-glassnode-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/blockwind.news\/china\/"},{"@type":"ListItem","position":2,"name":"NFT traders benefit from lower fees and increased liquidity: Glassnode Report"}]},{"@type":"WebSite","@id":"https:\/\/blockwind.news\/china\/#website","url":"https:\/\/blockwind.news\/china\/","name":"Blockwind News","description":"Latest News on Bitcoin, Ethereum, Crypto and Blockchain","publisher":{"@id":"https:\/\/blockwind.news\/china\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blockwind.news\/china\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/blockwind.news\/china\/#organization","name":"Blockwind News","url":"https:\/\/blockwind.news\/china\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blockwind.news\/china\/#\/schema\/logo\/image\/","url":"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2025\/10\/Blockwind_News.png","contentUrl":"https:\/\/blockwind.news\/china\/wp-content\/uploads\/2025\/10\/Blockwind_News.png","width":920,"height":186,"caption":"Blockwind News"},"image":{"@id":"https:\/\/blockwind.news\/china\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/blockwindnews","https:\/\/www.linkedin.com\/company\/blockwindnews\/"]},{"@type":"Person","@id":"https:\/\/blockwind.news\/china\/#\/schema\/person\/5591dfec9d0c72bc6ce2e1e8df0ca44d","name":"Anjali Kochhar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blockwind.news\/china\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/fc54e7b4930b1ee6674affb4e53672ea6d08da2aabc2167a9eabdacf79e9e9ea?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fc54e7b4930b1ee6674affb4e53672ea6d08da2aabc2167a9eabdacf79e9e9ea?s=96&d=mm&r=g","caption":"Anjali Kochhar"},"url":"https:\/\/blockwind.news\/china\/author\/anjali-kochhar\/"}]}},"_links":{"self":[{"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/posts\/3444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/comments?post=3444"}],"version-history":[{"count":1,"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/posts\/3444\/revisions"}],"predecessor-version":[{"id":8528,"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/posts\/3444\/revisions\/8528"}],"wp:attachment":[{"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/media?parent=3444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/categories?post=3444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blockwind.news\/china\/wp-json\/wp\/v2\/tags?post=3444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}