If you’re trading on Ethereum, then you’re probably also dealing with the platform’s high gas fees. This makes minting and trading NFTs extremely costly. We would like to show you alternative platforms that have low gas fees.
With gas fees on the rise, Polygon (MATIC) is the real alternative to Ethereum. Namely, it is a Layer 2 protocol built on top of Ethereum, so it has all the advantages of Ethereum and processes more than 65,000 transactions per second on a single side chain, with much lower fees (by more than 1000 times) compared to the Ethereum network.
Solana has low gas fees and is also popular beyond trading NFTs. The decentralized marketplace uses Solana, a blockchain technology that is scalable and user-friendly for DApp developers. Solana uses a proof-of-stake (POS) mechanism to process faster transactions that are relatively inexpensive in terms of gas fees. Typically, Solana processes more transactions per second than Ethereum-centric networks. Well-known marketplaces for Solana are Solsea and Magic Eden.
Avalanche (AVAX) is one of the speedsters among blockchain networks. The network recently introduced AVAX subnets, which have the potential to increase the speed of typical transactions tenfold. Because the network is fast, the platforms built on top of it allow users to mint NFTs in seconds. One promising NFT platform on the network is NFTrade, which allows users to coin all types of NFTs, including artwork, gaming items, and collectibles.