CyberKongz’s massive monkey minting burned 4 million U.S. dollars in Ether in five hours


go through&nbspClark

The delirium created by the NFT monkey caused the gas cost to soar again.

The latest craze for animal-themed non-fungible tokens is so huge that it has become the highest burner of Ethereum transaction fees in the past 24 hours.

Cyber​​Kongz started as a set of 1,000 unique NFTs in early March 2021, and its popularity has skyrocketed recently. In terms of Ethereum fee burning, the most important thing now is that it is adopted by OpenSea, the NFT market, and Uniswap, the world’s most popular localized exchange.

Wu Blockchain, a Chinese blockchain exporter, took note of this achievement, reporting that it burned 1,240 ETH, or about US$4 million, in just five hours.

The large-scale monkey casting caused the cost of gasoline to soar, and the average transaction volume reached the highest level since the later period, about 25 US dollars. Etherscan’s gas hunter reported that many advanced operations (such as reasonable contract interaction) cost more than $40.

At the time of writing, the ETH expense burn tracker Ultrasonic.money reported that Cyber​​Kongz VX was responsible for the burn of 1,430 ETH or $4.7 million in the past 24 hours. It definitely still precedes every OpenSea and Uniswap-in fact it burned every one of them.

According to OpenSea, there are currently 3,000 NFTs in the ape-themed category, with a considerable number of 600 owners, and a total value of 1.27 ETH-approximately US$4,150. The one with the highest price, the main product in this category, sells for 10,000 ETH, or 33 million U.S. dollars.

According to the official website classified by NFT, the 34×34 CyberKongz picture is popular because of its quality as a profile photo on Discord and social media. In addition, a BANANA token was created, enabling Genesis CyberKongz to passively generate 10 tokens per day for the following 10 years.

Coin minting approximately eight hours later at 19:00 GMT on Sunday, August 15th. Up to 10,000 Cyber​​Kong NFTs can be cast together with the 3D NFTs that will be used in the meta universe.

OpenSea, wherever the new CyberKongz is currently sold on the secondary market, accounts for nearly 16% of all natural gas used on the network. It has incurred $2.7 million in expenses in the past 24 hours.

Clark

Technical director.





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