Bubblegum uses Merkle trees to reduce costs of Minting on Solana

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Bubblegum uses Merkle trees to reduce costs of Minting on Solana

Bubblegum From Metaplex Leverages Merkle Trees To Lower costs of Minting and Interacting With NFTs.

Bubblegum, a tool that reduces the cost ofinteracting with NFTs on the Solana blockchain, is routinely used to mint over 3M NFTs on a weekly basis.

Drip Haus, a project by Bubblegum, enables creators to mint and airdrop NFTs. Since early 2023, Drip has been touting Bubblegum's compression technology.

It's notable that Solana has been using a cost-saving feature for so many years. A simple token transaction on Ethereum requires $0.63 while Solana transactions typically cost fractions of a cent.

Bubblegum utilizes Merkle Trees, a data structure widely used across blockchains, to lower the cost of issuance of cNFTs. Sonning items in a Merkle Tree scales logarithmically, meaning that minting larger numbers of NFTs results in lower costs per cNFT.

To be certain, mints don't equate to a hot market for NFTs on Solana - data from Solscan shows volume in SOL terms for NFTs has been relatively flat over the past 90 days.

Metaplex, created Bubblegum, also features a framework for launching NFTs on Solana called Candy Machine, and updated its protocol in January to allow creators of NFTs to enforce royalties.