🌟NEAR H1 2022 IN-DEPTH REVIEW🌟
In the first 6 months of the year, @NEARProtocol has grown very well both in terms of project depth and ecosystem expansion.
👉Let's find out in detail with Near Insider through the following thread!
#NEAR $NEAR
In the first 6 months of the year, @NEARProtocol has grown very well both in terms of project depth and ecosystem expansion.
👉Let's find out in detail with Near Insider through the following thread!
#NEAR $NEAR
1/ Milestones (Events)
In the first half of 2022, #NEAR involved in a lot of big events that positively affect both the ecosystem and the development of the protocol. This section in the thread includes 3 main parts, begin with fund raising with a total funding of up to $500M.
In the first half of 2022, #NEAR involved in a lot of big events that positively affect both the ecosystem and the development of the protocol. This section in the thread includes 3 main parts, begin with fund raising with a total funding of up to $500M.
2/ Milestones (Events)
Secondly, @NEARProtocol has cooperated with big names to expand access to users (@brave, @Sweatcoin, ...). Besides, two outstanding events can be mentioned: Aurora+ and the birth of $USN with the goal of becoming the backbone of #NEAR.
Secondly, @NEARProtocol has cooperated with big names to expand access to users (@brave, @Sweatcoin, ...). Besides, two outstanding events can be mentioned: Aurora+ and the birth of $USN with the goal of becoming the backbone of #NEAR.
3/ Milestones (On-chain metrics)
With positive changes and cooperation during the first half of the year, it is obvious that #NEAR has achieved new milestones. It can be seen that all on-chain indexes have grown, especially in terms of TVL and transactions.
With positive changes and cooperation during the first half of the year, it is obvious that #NEAR has achieved new milestones. It can be seen that all on-chain indexes have grown, especially in terms of TVL and transactions.
4/ Fundraising
A total of $66.4M was allocated for projects focusing on product development and expanding their ecosystem. Successfully funded projects were in the areas of #Game, #Web3, #Infrastructure and mostly in #DeFi.
A total of $66.4M was allocated for projects focusing on product development and expanding their ecosystem. Successfully funded projects were in the areas of #Game, #Web3, #Infrastructure and mostly in #DeFi.
5/ Grants
In the first half of 2022, @NEARProtocol connected with a total of 28 new partners and granted 82 projects, ranging from #Game, #NFT, #Web3 and #DeFi. Besides the two biggest grants are $4M for @BastionProtocol and @aurigami_PLY by Proximity.
In the first half of 2022, @NEARProtocol connected with a total of 28 new partners and granted 82 projects, ranging from #Game, #NFT, #Web3 and #DeFi. Besides the two biggest grants are $4M for @BastionProtocol and @aurigami_PLY by Proximity.
6/ On-chain Indicators
From on-chain indicators, we can see: The total number of #NEAR accounts has increased strongly by 612% in the first half of 2022. This shows the great demand of investors who want to participate in the Near ecosystem.
From on-chain indicators, we can see: The total number of #NEAR accounts has increased strongly by 612% in the first half of 2022. This shows the great demand of investors who want to participate in the Near ecosystem.
6.1/ Transactions
There was a growth of 180% in Transactions and 178% in Unique Contracts. This may come from the support of investors coming from big blockchains like ETH and Cardano when the fees on these blockchains are too expensive and the speed is slow.
There was a growth of 180% in Transactions and 178% in Unique Contracts. This may come from the support of investors coming from big blockchains like ETH and Cardano when the fees on these blockchains are too expensive and the speed is slow.
6.2/ TVL
As the on-chain indices grow, the amount of assets participating in NEAR also increases. NEAR's TVL has grown more than 170% since the beginning of the year, showing the continuous development of this young protocol despite the bear market.
As the on-chain indices grow, the amount of assets participating in NEAR also increases. NEAR's TVL has grown more than 170% since the beginning of the year, showing the continuous development of this young protocol despite the bear market.
6.3/ TVL in Comparison
In addition, Rainbow bridge's TVL is around $693M, the 4th largest among bridges across blockchains. With such performance despite the market conditions, investors can count on a rocket event of @NEARProtocol when the market recovers.
In addition, Rainbow bridge's TVL is around $693M, the 4th largest among bridges across blockchains. With such performance despite the market conditions, investors can count on a rocket event of @NEARProtocol when the market recovers.
6.4/ Cash flow
Cash flow on Near hasn't changed much in the past 6 months. Deposits and withdrawal rates are balanced. In which, there were mainly stablecoins used, namely $USDC & $USDT.
Cash flow on Near hasn't changed much in the past 6 months. Deposits and withdrawal rates are balanced. In which, there were mainly stablecoins used, namely $USDC & $USDT.
6.5/ Gas Fee
The most prominent feature of NEAR compared to other blockchains is the gas fee, with a fee of almost zero per transaction (0.001N, equivalent to $0.0003).
👉
The most prominent feature of NEAR compared to other blockchains is the gas fee, with a fee of almost zero per transaction (0.001N, equivalent to $0.0003).
👉
https://twitter.com/near_insider/status/1547939803349471235
6.6/ Block time
In addition, NEAR’s AVG Block time is also in the top fastest protocols with only around 1.04s. This makes NEAR one of the leading blockchains in solving the gas fee problem that ETH is currently facing.
👉
In addition, NEAR’s AVG Block time is also in the top fastest protocols with only around 1.04s. This makes NEAR one of the leading blockchains in solving the gas fee problem that ETH is currently facing.
👉
https://twitter.com/near_insider/status/1546696945917636608
6.7/ Revenue
NEAR's revenue growth in the last 180 days is still maintaining high, about 145%. This makes @NEARProtocol among the top of the best-growing blockchains, surpassing ETH & BSC.
NEAR's revenue growth in the last 180 days is still maintaining high, about 145%. This makes @NEARProtocol among the top of the best-growing blockchains, surpassing ETH & BSC.
6.8/ On-chain in a nutshell
Although the market in the first 6 months of the year was volatile, NEAR's profits were still higher than other blockchains, with a growth of more than 145%. Here is a table comparing NEAR's metrics against other blockchains.
Although the market in the first 6 months of the year was volatile, NEAR's profits were still higher than other blockchains, with a growth of more than 145%. Here is a table comparing NEAR's metrics against other blockchains.
7/ NEAR Ecosystem
In January 2022, Near had ~237 projects (Link 1).
In the efforts to expand the ecosystem, @NEARFoundation granted projects ranging from $50,000 to $200,000 (Link 2)
Now, the current number of projects listed on @awesome_near is 700+ (Link 3)😎
In January 2022, Near had ~237 projects (Link 1).
In the efforts to expand the ecosystem, @NEARFoundation granted projects ranging from $50,000 to $200,000 (Link 2)
Now, the current number of projects listed on @awesome_near is 700+ (Link 3)😎
7/ NEAR Ecosystem
👉Link 1:
👉Link 2:
👉Link 3: awesomenear.com
👉Link 1:
👉Link 2:
https://twitter.com/near_insider/status/1547143532875743233
👉Link 3: awesomenear.com
8/ Ecosystem growth
In 2022, Near successfully completed 2 rounds of funding from big companies & backers. With strong support, it is now comparable and maybe even more outstanding than some of the older Layer1.
👉Growing path of NEAR from 2021 to 2022 via (Link 4) and (Link 5)
In 2022, Near successfully completed 2 rounds of funding from big companies & backers. With strong support, it is now comparable and maybe even more outstanding than some of the older Layer1.
👉Growing path of NEAR from 2021 to 2022 via (Link 4) and (Link 5)
8/ Ecosystem growth
👉Link 4:
👉Link 5:
👉Link 4:
https://twitter.com/near_insider/status/1469157407288741890
👉Link 5:
https://twitter.com/near_insider/status/1499378769832050688
9/ That was an overview of the overall growth of the NEAR ecosystem over the past half year. To be able to review more important things, let's dive into the puzzle pieces in the system. Stay tuned for the following threads 👀
10/ DEXs
Regarding this piece, @finance_ref cannot be ignored. Ref Finance is one of the first DEXs on NEAR, actively built, developed, and attained more breakthroughs than other DEXs in the system (side comparison).
Regarding this piece, @finance_ref cannot be ignored. Ref Finance is one of the first DEXs on NEAR, actively built, developed, and attained more breakthroughs than other DEXs in the system (side comparison).
10/ DEXs (con't)
@finance_ref Impressive milestones:
- Cumulative trading volume >$1.6B (As of Q1/2022)
- TVL rocketed from $75M in early Jan to $277M in late Apr & remained at $200M+
@finance_ref Impressive milestones:
- Cumulative trading volume >$1.6B (As of Q1/2022)
- TVL rocketed from $75M in early Jan to $277M in late Apr & remained at $200M+
10/ DEXs (con't)
- @finance_ref's trading volume reached ATH of $165M in May.
- With the launch of USN, REF attracted $60M+ TVL within 10 hours of launch (Link 6)
👉Link 6:
- @finance_ref's trading volume reached ATH of $165M in May.
- With the launch of USN, REF attracted $60M+ TVL within 10 hours of launch (Link 6)
👉Link 6:
https://twitter.com/finance_ref/status/1519244403650400256
@finance_ref @NEARProtocol 11/ Bastion
Next, an equally important piece of defi is lending. The three most prominent names are @BastionProtocol, @aurigami_PLY and @burrowcash.
Bastion is leading the lending project and is also the top 2 TVL project in the NEAR ecosystem.
Next, an equally important piece of defi is lending. The three most prominent names are @BastionProtocol, @aurigami_PLY and @burrowcash.
Bastion is leading the lending project and is also the top 2 TVL project in the NEAR ecosystem.
11/ Bastion (Con't)
The project has achieved certain success despite launching at the end of Q1 2022.
Notable milestones:
- TVL reached ATH $1.5B
- Deployed Stableswap
- Successfully raised $9M from big companies like: FTX Ventures, Jump_, CMS,...
👉
The project has achieved certain success despite launching at the end of Q1 2022.
Notable milestones:
- TVL reached ATH $1.5B
- Deployed Stableswap
- Successfully raised $9M from big companies like: FTX Ventures, Jump_, CMS,...
👉
https://twitter.com/bastionprotocol/status/1519079183179255810?s=21&t=ktDK1Rdrek3bomzLWS6_SA
12/ @aurigami_PLY
- Over 46000000% TVL growth
- 71% TVL dominance
- Lottery Campaign to encourage users to deposit assets
- Successfully raised $9.5M from leading giants: Dragonfly Capital, Polychain Capital,...
👉
- Over 46000000% TVL growth
- 71% TVL dominance
- Lottery Campaign to encourage users to deposit assets
- Successfully raised $9.5M from leading giants: Dragonfly Capital, Polychain Capital,...
👉
https://twitter.com/aurigami_ply/status/1499565965058912258
13/ @burrowcash
- A long-term project with great credibility (Team & VCs shares are locked for 2 years)
- Raise $5M from top VCs
- TVL exceeded $300M after only 14 days of mainnet
- USN integration
- A long-term project with great credibility (Team & VCs shares are locked for 2 years)
- Raise $5M from top VCs
- TVL exceeded $300M after only 14 days of mainnet
- USN integration
14/ Staking
Liquid Staking is also a notable thing to mention. The two largest and native staking platforms on NEAR are @meta_pool & @LinearProtocol.
👉Let's explore what these two platforms have done in the past half year 😉
Liquid Staking is also a notable thing to mention. The two largest and native staking platforms on NEAR are @meta_pool & @LinearProtocol.
👉Let's explore what these two platforms have done in the past half year 😉
14.1/ Metapool
- @meta_pool became part of NEAR ecosystem as the first project to support Liquid Staking.
- With $stNEAR, the project's TVL increased 300%+ and reached ATH in March, 2022.
👉blog.metapool.app/2022/04/07/mar…
- @meta_pool became part of NEAR ecosystem as the first project to support Liquid Staking.
- With $stNEAR, the project's TVL increased 300%+ and reached ATH in March, 2022.
👉blog.metapool.app/2022/04/07/mar…
14.2/ LiNEAR Protocol
- @LinearProtocol's TVL surpassed $12M after 10 days of launch.
👉
- Always maintain its good performance by in the top 10 liquid staking platforms by TVL growth
👉
---
- @LinearProtocol's TVL surpassed $12M after 10 days of launch.
👉
https://twitter.com/linearprotocol/status/1514111393150418945
- Always maintain its good performance by in the top 10 liquid staking platforms by TVL growth
👉
https://twitter.com/near_insider/status/1539143166246682625
---
15/ Stablecoins
$USN was born with the goal of becoming the backbone of the NEAR ecosystem. Although initially receiving suspicions from the community, $USN has proven itself through impressive on-chain metrics in the figure hereby! 👀
👉nearblocks.io/address/usn#tr…
$USN was born with the goal of becoming the backbone of the NEAR ecosystem. Although initially receiving suspicions from the community, $USN has proven itself through impressive on-chain metrics in the figure hereby! 👀
👉nearblocks.io/address/usn#tr…
16/ Bridges
NEAR also has its own roadmap to integrate with other bridges on different platforms, with the aim of making it easier to connect and transfer assets in and out the ecosystem.
👉awesomenear.com/categories/bri…
NEAR also has its own roadmap to integrate with other bridges on different platforms, with the aim of making it easier to connect and transfer assets in and out the ecosystem.
👉awesomenear.com/categories/bri…
17/ Bridges from other chains
Currently, assets can be transferred from most other networks to @NEARProtocol, such as: Ethereum, BSC, Polygon, Avalanche,...
Currently, assets can be transferred from most other networks to @NEARProtocol, such as: Ethereum, BSC, Polygon, Avalanche,...
18/ NFTs
#NFT is also an important piece to bring diversity to any ecosystem. When talking about NFT, we can't ignore @ParasHQ, @mintbase and other outstanding NFT marketplaces on @NEARProtocol.
👉
#NFT is also an important piece to bring diversity to any ecosystem. When talking about NFT, we can't ignore @ParasHQ, @mintbase and other outstanding NFT marketplaces on @NEARProtocol.
👉
https://twitter.com/near_insider/status/1536654342479962112
19/ Collectibles
These three collectibles are always on top when talking about trading volume: @ASAC_NFT, @SecretSkellies, @nearnauts
👉
These three collectibles are always on top when talking about trading volume: @ASAC_NFT, @SecretSkellies, @nearnauts
👉
https://twitter.com/near_insider/status/1540304893663412224
20/ DAOs
One of the three elements that NEAR has put into a separate section on its website. DAOs are crucial for an ecosystem to thrive in terms of community building. The number of DAOs has also increased significantly since the beginning of 2022.
One of the three elements that NEAR has put into a separate section on its website. DAOs are crucial for an ecosystem to thrive in terms of community building. The number of DAOs has also increased significantly since the beginning of 2022.
https://twitter.com/near_insider/status/1537693124595974145
21/ AURORA
@auroraisnear is an incredibly important piece on NEAR. Current projects on AURORA are also extremely quality, attracting cash flow into the ecosystem. In addition, AURORA's TVL reached ATH of $1.4B, an impressive number! 😎
@auroraisnear is an incredibly important piece on NEAR. Current projects on AURORA are also extremely quality, attracting cash flow into the ecosystem. In addition, AURORA's TVL reached ATH of $1.4B, an impressive number! 😎
22/ AURORA +
The most prominent event in the last period of time may be the introduction of AURORA+, with necessary improvements in transaction speed, new features, and especially the AURORBOTS program to attract users.
👉
The most prominent event in the last period of time may be the introduction of AURORA+, with necessary improvements in transaction speed, new features, and especially the AURORBOTS program to attract users.
👉
https://twitter.com/auroraisnear/status/1526631182120562688
23/ Octopus network
$OCT had a good development when the number of staked $OCT has been steadily increasing since January - 2022.
$OCT had a good development when the number of staked $OCT has been steadily increasing since January - 2022.
24/ Appchains
@oct_network helps Web3 applications launch with low cost and good security. The projects on OCT are also diverse in utility & application such as @myriad_social (Social), @DeBio_Network (medical), and @AtochaProtocol (puzzle games),...
👉
@oct_network helps Web3 applications launch with low cost and good security. The projects on OCT are also diverse in utility & application such as @myriad_social (Social), @DeBio_Network (medical), and @AtochaProtocol (puzzle games),...
👉
https://twitter.com/near_insider/status/1547779467816226817
25/ Octopus events
Events play an important role in the development of Octopus. It can be said that OCT is the most active project in organizing projects for the community. Those events can be listed in the following figure 👇
medium.com/oct-network/oc…
Events play an important role in the development of Octopus. It can be said that OCT is the most active project in organizing projects for the community. Those events can be listed in the following figure 👇
medium.com/oct-network/oc…
26/ Conclusion
NEAR did have great growth in the first half of 2022. It's been a tough time, but no matter what, @NEARProtocol will keep building. @ilblackdragon once tweeted: "Builders are continue to build, great projects continue to grow" 🚀
NEAR did have great growth in the first half of 2022. It's been a tough time, but no matter what, @NEARProtocol will keep building. @ilblackdragon once tweeted: "Builders are continue to build, great projects continue to grow" 🚀
https://twitter.com/ilblackdragon/status/1540112745722519552
27/ For the next half of 2022
We will have a lot to expect! The closest event we know is the next phase on NEAR's roadmap - Chunk producers in September. And also NEARCON, one of the biggest events of @NEARProtocol!
The future is NEAR!
👉
<The End>
We will have a lot to expect! The closest event we know is the next phase on NEAR's roadmap - Chunk producers in September. And also NEARCON, one of the biggest events of @NEARProtocol!
The future is NEAR!
👉
https://twitter.com/near_insider/status/1547217896145047553
<The End>
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