The total number of unique non-fungible token (NFT) buyers on the Ethereum blockchain crossed the 1 million customers milestone on Sunday as the network’s gas fees slid to its lowest since August. 

See related article: Ethereum price expected to hit $7,609 in 2022: report

Fast facts

  • NFT sales on Ethereum increased by 36.06% in the last 24 hours, more than any other blockchain with at least US$100,000 in sales over the period. 
  • August’s London hard fork was expected to lower transaction fees as the blockchain moved from an auction-based gas mechanism to a base fee system. 

See related article: Jump in NFT demand reflects crypto prices, right? Wrong