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One reasons could be that Ethereum gas fees for minting a piece are extremely high at the moment. Tezos ($xtz) based platforms such as https://www.hicetnunc.xy
by andrefuchs 5y ago
One reasons could be that Ethereum gas fees for minting a piece are extremely high at the moment.
Tezos ($xtz) based platforms such as https://www.hicetnunc.xyz https://www.hicetnunc.xyz are thriving.
The fees are next to nothing - especially compared to current alternatives.
- iSnow 5y agoGas on ETH is super low right now, around 20Gwei which translates into a $1 fee for a send and maybe $5 for minting an NFT. Tezos on the other hand is a complete ghost town, it has absolutely no traction - and I say this as a soon to be ex XTZ holder.
- andrefuchs 5y agoInteresting, please share your sources.
- iSnow 5y ago1) https://defipulse.com/ https://defipulse.com/ the first defi dapp not on ETH is BTC Lightning on rank #42. 2) https://debank.com/ranking/locked_value https://debank.com/ranking/locked_value something like 75% is on ETH, 95% or so on ETH + BSC (centralized ETH clone) + MATIC (ETH sidechain). The only chain that's not directly or indirectly tied to ETH is FTM. 3) onchain-volume, https://blockchair.com/compare https://blockchair.com/compare and https://tzstats.com/ https://tzstats.com/ ETH transacted $20.6bn over the last 24h, XTZ 10.8 XTZ * $3.8 = $41.5m. It's not even close, it's a couple orders of magnitude away.