Comparative Analysis of Governance Voting and Staking Metrics on the NEAR Blockchain
NEAR is a decentralized blockchain platform designed to enable developers to build and deploy decentralized applications (dApps) easily. NEAR uses a proof-of-stake consensus mechanism and is designed to be scalable, secure, and easy to use for both developers and end-users.
The NEAR protocol aims to provide an ecosystem that enables developers to build dApps that can be used by millions of people without compromising on security, scalability, or usability. The platform provides a range of tools and features that make it easy for developers to build, test, and deploy dApps, including a smart contract programming language called AssemblyScript, a wallet for managing NEAR tokens, and a suite of developer tools and resources.
Osmosis is a decentralized blockchain platform that focuses on enabling the creation and management of liquidity pools for decentralized exchanges (DEXs). It is built on top of the Cosmos SDK and uses the Tendermint consensus mechanism.
Osmosis allows users to create custom liquidity pools for any token on the platform, allowing for seamless trading between different tokens without the need for centralized intermediaries. The platform also offers features like automated market-making algorithms, liquidity incentives, and governance tools to ensure the smooth operation of the DEX.
One of the key features of Osmosis is its focus on interoperability, allowing it to connect with other blockchains in the Cosmos ecosystem and beyond. This enables users to trade assets across different blockchains without the need for complex bridging solutions.
Solana is a high-performance blockchain platform that aims to provide a scalable and secure infrastructure for decentralized applications (dApps) and financial systems. It uses a unique consensus mechanism called Proof of History (PoH), which enables fast transaction processing times and low fees.
Solana is designed to support a wide range of use cases, from simple token transfers to complex dApps and smart contracts. It offers a programming environment that is compatible with the popular Rust programming language, making it easy for developers to build and deploy their own applications on the platform.
One of the key features of Solana is its ability to handle high transaction volumes, with the platform claiming to be able to process up to 65,000 transactions per second (TPS). This makes it one of the fastest blockchain platforms currently available, and a potential solution to the scalability issues faced by other blockchain networks.
In this investigation, the governance activity of the NEAR blockchain has been compared with Solana and Osmosis networks in the past 2 years. Also, the staking performance of the NEAR protocol has been compared with the staking actions of the Solana and Osmosis blockchains.
The data provided by Flipside has been used to handle this analysis.
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In this investigation, first of all, the voting performance of the NEAR blockchain is compared with Solana and Omsosis networks:
- 1- Count of captured votes and unique voters
- 2- Total submitted proposals on each network
- 3- Average vote per voter and per proposal
- 4- Distribution of voters by participated proposals and count of votes
- 5- Determine the participation share by voters and available proposals for each network
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After the first part, the staking action on the NEAR blockchain has been compared with Solana and Osmosis networks:
- 1- Monthly and cumulative volume of stake in USD
- 2- Count of unique stakers in the monthly basis
- 3- Average stake volume per staker and per day in USD
- 4- The Nakamoto indicators