What is PARAS?

Paras is an NFT marketplace that focuses on digital collectibles. This platform thrives upon bringing conventional collectibles to the crypto space. Paras started with digital art cards that were inspired by real-world trading cards that have been bulletproof and forever lasting since they were introduced back in the 80s. They believe that every single physical art form needs to be stored and digitized to keep it future-proof. Paras, an all-in-one digital collectible marketplace, is eager to diversify its assets to digital collectibles.

By building the platform under NEAR and IPFS/Filecoin, Paras want to track the ownership of every single collectible in its platform. Through these solutions, Paras validates ownership and gives access to every purchase and mint to the public. Running on top of NEAR, a scalable blockchain, Paras offers very cheap and fast transactions for users.

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Paras Token:

$PARAS, launched on September 2021, is a utility token that lets you shape the future of the Paras ecosystem and at the same time gives you more rewards and benefits. Users can Stake PARAS and earn up to 67% APR at the moment. “PARAS Staking” pool started from 20 January 2022 at 14:00 UTC+0 until 1 March 2022 at 00:00 UTC+0.PARAS holders will be able to claim rewards if they stake their tokens, participate in key governance votes, and have exclusive access to features and benefits from Paras' artists and partners.

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Methodology

In this dashboard, as mentioned above, I am going to analyze the activity on the PARAS ecosystem during the last 14 days (2023/02/03 ~ 2023/02/16).

I have separated the activities in the PARAS ecosystem into 3 sections:

1- PARAS NFT: All Transactions Related to The NFT Trading in PARAS Ecosystem ('nft.paras.near','marketplace.paras.near','x.paras.near')

2- PARAS Staking: Transactions Related to the Staking Actions on Paras (staking.paras.near)

3- $PARAS Token: The Data Related To The $PARAS Token (token.paras.near)

The main tables that I have used in this dashboard are Flipside’s near.core.fact_transactions, near.core.fact_receipts and near.core.fact_token_metadata tables.

Moreover, I have only considered Successful transactions (tx_status = ‘Success’)

The main goal of this dashboard is otto provide the most fascinating and illuminating facts and insights about the PARAS ecosystem on NEAR protocol over the past 14 days.

Overview of PARAS Different Sections’ Activities During The Past 14 Days

According to the left charts and as it was predictable, the NFT section of the PARAS ecosystem was by far the most popular section during the past 14 days on NEAR protocol. As we see, the number of performed transactions, active users, and also the volume of generated fees ($NEAR) in this section is way more than other 2 sections.

The number of transactions done by $PARAS token slightly more than PARAS staking section.

On the above and left charts, we can see the daily activity of these 3 different paras sections over time.

As we see, on all days, the NFT section is by far the most popular part of the PARAS ecosystem which has attracted the most number of active & new first-time users and also generated the highest volume in the NEAR protocol.

Moreover, We can see the highest activity of the PARAS ecosystem (transactions count & generated fees) on 16th February while the highest number of active users has been achieved on 8th February.

Also, Feb 4, 2023, was the day with the highest number of new first-time users that have joined the PARAS ecosystem.

Totally, we can see an almost increasing uptrend in the number of transactions and generated fees in this ecosystem over the past 14 days but the number of active & new users in PARAS has decreased over time.

Paras NFT Section (Last 14 Days)

According to the above data, during the past 14 days, there were 1167 NFT sales transactions done by 382 unique buyers and 498 unique sellers that generated total volume of 9.7k $NEAR by trading 57 unique NFT collections in PARAS ecosystem. Moreover, the most expensive price of NFTs in this ecosystem during the past 14 days was worth 269 $NEAR.

On the above charts, we can see the daily activity of NFT sales in the PARAS ecosystem is kinda decreasing as time goes on, especially in terms of the number of sales & active traders in this marketplace.

The highest activity of NFT sales has achieved on Feb 4, 2023 with 184 sales transactions while the highest volume (and also average volume) of NFT sales has been achieved on Feb 9, 2023 with 1,465.71 generated $NEAR from NFT sales.

The interesting thing is that 13th February, the day when some negative news around BUSD issues with PAXOS & NYDFS has been published and resulted in fears in cryptocurrency users, is the day with the lowest activity in the PARAS marketplace and this shows the fear of PARAS traders on this day.

Moreover, we can see the floor price of PARAS NFTs is increasing as time goes on to the extent that this floor price has achieved its highest amount during the past 14 days on 16th February (0.1 $NEAR).

During the past 14 days, Freaky Elves NFT collection was the most popular NFT in PARAS marketplace in both terms of number and volume of sales on this marketplace.

But the Secret Skellies Society NFT was the most expensive sold NFT in Paras marketplace during the past 14 days.

PARAS Staking Section (Last 14 Days)

According to the left charts, during the past 14 days, the number and volume of PARAS stakes and also number of stakers was more than PARAS unstakes and Unstakers.

During the past 14 days, 336.1265k $PARAS was staked in this ecosystem while the volume unstake transactions in this time frame was 118.8922k.

On the above charts, we can see the daily PARAS stakes and unstakes activity over the past 14 days.

As we see, Feb 4, 2023 was the most active day of PARAS staking actions but the highest volume of PARAS staked in this ecosystem has been achieved on 16th February with more than 75k staked $PARAS.

On the below charts, I have charted the correlation between $PARAS & $NEAR stakings in NEAR protocol. As we see, there is kinda positive & close correlation between both stakes and unstakes of these 2 tokens.

$PARAS Token

According to the above charts, $PARAS token’s price has increased from 0.017$ on Feb 3,2023 to 0.019$ on Feb 17, 2023 which shows almost 13% growth in its price during the past 14 days. The minimum price of $PARAS token was 0.01678$ that has achieved on Feb 13, 2023, the day when negative news around BUSD & Paxos company was published.

The number of $PARAS holders during the past 14 days has increased from 2283 on Feb 3, 2023 to 2347 on Feb 17, 2023. The highest growth rate of PARAS holders has been achieved on Feb 11,2023. So, Currently, there are 2347 NEAR users who are holding $PARAS token in their wallet.

On the right chart, we can see the daily volume and also market cap of $PARAS token in NEAR protocol over time and as we see, both of these metrics has increased significantly over time especially during the recent days which is good news for this token. Currently the market cap of $PARAS token in NEAR protocol is 1.87M and its 24h volume is 46.283k

Summary & Conclusion

• The NFT section of the PARAS ecosystem is by far the most popular part of this project on NEAR protocol.
• The number of transactions and also generated fees on the PARAS ecosystem has increased slightly over time during the past 14 days but there was a decreasing trend of active and new-first-time users in this ecosystem over time.
• During the past 14 days, there were 1167 NFT sales transactions done by 382 unique buyers and 498 unique sellers that generated total volume of 9.7k $NEAR by trading 57 unique NFT collections in the PARAS ecosystem.
• NFT trading activity in PARAS marketplace is decreasing over time in all terms (number of sales, active & new traders, and also the volume of sales).
• Freaky Elves NFT collection was the most popular NFT in the PARAS marketplace in both terms of number and volume of sales But the Secret Skellies Society NFT was the most expensive sold NFT in Paras marketplace during the past 14 days.
• The floor price of PARAS NFTs is increasing as time goes on to the extent that this floor price has achieved its highest amount during the past 14 days on 16th February (0.1 $NEAR).
• The $Volume of staking actions on PARAS has increased during the past 14 days, especially with the highest staked amount on 16th February.
• There is almost a positive correlation between $NEAR & $PARAS staking activities.
• $PARAS token’s price has increased from 0.017$ on Feb 3,2023 to 0.019$ on Feb 17, 2023 which shows almost 13% growth in its price during the past 14 days.
• The number of $PARAS holders during the past 14 days has increased from 2283 on Feb 3, 2023 to 2347 on Feb 17, 2023.
• The market cap and 24h volume of $PARAS token in NEAR protocol has also increased during the past 14 days.
• 13th February (The day when some negative news around BUSD was published) was the day with the lowest activity on the PARAS ecosystem and especially on its marketplace. The lowest price of the $PARAS token has also been achieved on this day. So, we can conclude that negative news in the cryptocurrency market resulted in the fear of PARAS users & Traders which has negatively affected the activity of the PARAS ecosystem and its token.
• Totally, we can say the performance and growth of the $PARAS token and its staking actions during the past 14 days were better than its NFT marketplace.

**Discord: Ali3N#8546 Twitter: Alik_110 Email: Alik110.72@Gmail.com Check out My Other Dashboards at: **