The CyberKongz VX NFT project tops the hot list, with over 1240 ETH, or over $4 million in just 5 hours as reported by Chinese journalist Colin Wu on Twitter.
With the increase in the creation of the monkey-themed non-fungible token, Cyberkongz VX’s ETH consumption has increased. At the time of writing, Cyberkongz VX had burned 1432.20 ETH in the last 24 hours according to ultrasound.money.
Brand New Animal NFT Platform Cyberkongz VX Currently Burning Hotter ETH transaction fees, than the two main NFT platforms, OpenSea and Uniswap V2 combined. OpenSea and Uniswap burned 921.58 ETH and 345.41 ETH respectively in 24 hours, which is still hundreds behind Cyberkongz VX.
The latest Cyberkongz VX minting event went live this Sunday, and the exceptional ETH burn also led to increased popularity in the non-fungible token market. Including thousands of two-dimensional NFTs, CyberKong now also offers 3D tokens for the metaverse.
Secondary market for NFTs CyberKong
Additionally, CyberKongz announced OpenSea as the most reliable secondary marketplace to sell newly minted CyberKongz. OpenSea incorporated almost 16% of all gas used on the network. Additionally, the leading NFT platform also managed to generate $2.7 million in transaction fees in the last 24 hours.
NFT Priority Fee Reward
Additionally, miners also benefit from priority rewards on NFT transactions thanks to the EIP-1559 upgrade. With the increase in on-chain activity due to high NFT transfers and Defi applications, investors are willing to pay more priority fees combined with other factors, which has resulted in an overall increase in total miner income .