Gem.xyz, a highly popular NFT aggregator running on the Ethereum blockchain, is an exceptional platform that offers a range of functionalities for exploring, collecting, and trading NFTs. Unlike conventional marketplaces, Gem stands out by efficiently handling gas fees for batch purchases, making it an ideal gas-efficient alternative for pro traders seeking to acquire multiple NFTs in a single transaction, ultimately resulting in gas savings.
It’s worth noting that the trade volume on the leading NFT aggregators, such as Blur, Gem, Alpha Sharks, Uniswap, and Reservoir, accounts for approximately 28% of the overall NFT trades. Among these, Gem has garnered significant attention due to its remarkably low average gas usage per number of NFTs in a single transaction, demonstrating its commitment to optimizing user experience.
Gem boasts several top-notch features that make it a preferred choice for NFT enthusiasts. The platform supports both ERC-721 and ERC-1155 NFTs, allowing users to pay with any ERC20 token of their choice. Additionally, Gem enables the combination of different token types within a single transaction, presenting a convenient solution for users who may have insufficient Ethereum tokens in their wallets.
Moreover, Gem offers the ability to mint NFTs directly on the platform, empowering users to create their unique digital assets. The platform also facilitates efficient exploration of collections by providing filters to identify immediately mintable collections or those that offer free and paid mints. Notably, Gem’s safety mode protects users against frontrunning and failing transactions, ensuring a secure and seamless experience.
The sweep mode is another remarkable feature offered by Gem, allowing users to sweep floors of any NFT collection effortlessly. With a single press of an icon and by specifying the total number of items, users can benefit from the floor price for multiple assets simultaneously. Once the floor is swept or multiple NFTs are purchased from different collections, the batch transfer option simplifies the process of sending all acquired NFTs to another wallet in one go.
Excitingly, Gem is preparing to launch Gem V2, a new version that introduces several enhanced features aimed at further elevating user experience. One of the standout additions in Gem V2 is the advanced sweeping mode, which guarantees the purchase of the total number of items specified in an order, as long as the floor price remains within the maximum price per item set at the time of placing the order.
Furthermore, Gem V2 enhances user interface customization options, allowing users to optimize their dashboard experience based on their specific preferences for collecting or trading purposes.
Gem V2 also introduces the Portfolio tool, an invaluable asset for users to track and analyze the performance of their NFT holdings. Users can estimate the value of their assets based on the floor price, monitor the total cost spent on gas and purchasing, track realized revenue, and assess estimated profits from unsold NFTs. Additionally, Gem V2 offers the Watchlist feature, which simplifies the process of following and staying updated on favorite collections.
Among other notable upgrades in Gem V2 are Key Binds, Instant Sell, and Gas Indicator. Key Binds provide users with convenient keyboard shortcuts for mass selecting NFTs, searching, and navigating through collections, significantly streamlining the trading process.
The Instant Sell feature enables users to swiftly sell their assets by presenting an overview of the best available offers for their NFTs at any given time. By choosing the most appealing offers, users can instantly sell their assets with ease.
With the Gas Indicator, users can stay informed about Ethereum network congestion. By presetting fast or turbo transactions, users can proactively ensure they are prepared to pay higher gas fees in the future, minimizing the risk of missing out on mints from popular artists and collections.