City Amidst the Storm

    Provide a thoughtful analysis of how NEAR is weathering the market turbulence that occurred as a result of FTX’ insolvency.

    Near

    NEAR is a layer-1 blockchain that is built to empower creators and developers. This Proof-of-Stake protocol serves as the base layer and enables the creation of decentralized applications (dApps). It is a community-run computing platform, meaning that a distributed network of setups maintains it.

    For investors looking to diversify into other Layer 1 networks, NEAR may be a great investment.

    The NEAR token is primarily used to pay transaction fees and as collateral for storing data on the blockchain. NEAR also rewards several stakeholders in the blockchain with NEAR tokens. For their services, transaction validators receive a NEAR token reward every epoch that amounts to 4.5% of the total NEAR supply on an annualized basis.

    Methodology

    from near.core.ez_dex_swaps
    from solana.core.fact_swaps
    from near.core.fact_transactions
    from flipside_prod_db.solana.fact_transactions
    from near.core.dim_staking_actions
    from solana.core.fact_stake_pool_actions
    
    where date between '2022-11-07' and '2022-11-14'
    
    count(distinct tx_hash)
    count(distinct tx_id)
    count(distinct trader)
    count (distinct swapper)
    count(distinct TX_SIGNER)
    count(distinct SIGNERS[0])
    count(DISTINCT address)
    

    Total Swap

    • The total number of Solana Swap was about 41.8M and consisted of 99.8%.
    • The total number of Near Swap was about 66K and consisted of only 0.15%.
    • The highest number of total swap on Solana was about 7.8M on November 12th.
    • In the second place, The highest number of total swap on Solana was about 7.2M on November 13th.
    • The lowest number of swap on Solana was about 1.6M on November 7th.
    • The highest number of total swap on Near was about 16.33K on November 9th.
    • In the second place, The highest number of total swap on Near was about 10.8K on November 10th.
    • The lowest number of swap on Near was 3829 on November 7th.
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Solana

    The Solana blockchain is highly efficient and very stable, and it offers low transaction fees for users. These factors combine to give the coin potential as a good long-term investment as far as cryptocurrency goes. SOL is currently trading closer to its lows, potentially making it a good deal.

    Solana is a blockchain platform designed to host decentralized, scalable applications. Solana can process many more transactions per second and charges lower transaction fees than rival blockchains like Ethereum.

    Solana to be more decentralized and resistant to attacks than NEAR. Despite this, both blockchains boast ultra-low translation fees and super-fast transaction speeds. Plus, both blockchains aim to solve the blockchain trilemma of maintaining security, decentralization, and scalability.

    Solana has the fastest transaction time in crypto with 40-milliseconds, making it faster than both NEAR and Fantom (5x of NEAR and 60x of Fantom). Solana's fees are also comparable to NEAR's, while Fantom has the highest fees at 1.5 cents on average.

    Loading...
    Loading...

    Total Swapper

    • The total number of Solana Swapper was about 74.7K and consisted of 96.4%.
    • The total number of Near Swapper was 2960 and consisted of only 3.64%.
    • The highest number of total swapper on Solana was about 28.3K on November 9th.
    • In the second place, The highest number of total swapper on Solana was about 20.9K on November 10th.
    • The lowest number of swapper on Solana was about 11.6K on November 13th.
    • The highest number of total swapper on Near was 879 on November 9th.
    • In the second place, The highest number of total swapper on Near was 727 on November 8th.
    • The lowest number of swapper on Near was 490 on November 12th.
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Sources

    Total Wallet

    • The total number of Solana Wallet was about 1.13M and consisted of 69%.
    • The total number of Near Wallet was about 512K and consisted of only 31%.
    • The highest number of total Wallet on Solana was nearly 189K on November 9th.
    • In the second place, The highest number of total Wallet on Solana was about 169.1K on November 10th.
    • The lowest number of Wallet on Solana was about 113.8K on November 12th.
    • The highest number of total Wallet on Near was about 75.7K on November 7th.
    • In the second place, The highest number of total Wallet on Near was about 70.2K on November 8th.
    • The lowest number of Wallet on Near was about 57.4 on November 12th.
    db_img
    db_img

    Conclusion

    • The total number of Solana Swap was about 41.8M and the total number of Near Swap was about 66K.
    • The highest number of total swap on Solana was about 7.8M on November 12th.
    • The highest number of total swap on Near was about 16.33K on November 9th.
    • The total number of Solana Swapper was about 74.7K and the total number of Near Swapper was 2960.
    • The highest number of total swapper on Solana was about 28.3K on November 9th.
    • The highest number of total swapper on Near was 879 on November 9th.
    • The total number of Solana Wallet was about 1.13M and the total number of Near Wallet was about 512K.
    • The highest number of total Wallet on Solana was nearly 189K on November 9th.
    • The highest number of total Wallet on Near was about 75.7K on November 7th.
    • The total number of Near staker was 3640 and The total number of Solana staker was 1061.
    • The total Near stake volume was about 26.1M and the total Solana stake volume was about 339K.
    • The total average of Near stake volume was 4620 and the total average of Solana stake volume was 137.5.

    Twitter : hadi3_bgh

    Discord : hadiseb#1688

    Loading...
    Loading...
    Loading...
    Loading...

    Total Near Staker and Stake Volume

    • The total number of Near staker was 3640 and consisted of 77.4%.
    • The total Near stake volume was about 26.1M and consisted of 98.7%.
    • The total average of Near stake volume was 4620 and consisted of 97.1%.
    • The highest number of Near staker was 757 on November 9th.
    • The lowest number of Near staker was 330 on November 7th.
    • The most Near stake volume was about 20.9M on November 11th.
    • The least Near stake volume was about 218K on November 7th.
    • The most average of Near stake volume was about 29.8K on November 11th.
    • The least average of Near stake volume was about 500 on November 12th.
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Total Solana Staker and Stake Volume

    • The total number of Solana staker was 1061 and consisted of 22.6%.
    • The total Solana stake volume was about 339K and consisted of 1.28%.
    • The total average of Solana stake volume was 137.5 and consisted of 2.89%.
    • The highest number of Solana staker was 235 on November 8th.
    • The lowest number of Solana staker was 116 on November 12th.
    • The most Solana stake volume was about 77K on November 8th.
    • The least Solana stake volume was about 11.7K on November 11th.
    • The most average of Solana stake volume was about 380.2 on November 14th.
    • The least average of Solana stake volume was about 44.9 on November 10th.
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...