NEAR Monthly Active Users(MAUs)
Blockchain technology has revolutionized the way we conduct transactions and manage data. It has opened up new possibilities for secure and decentralized systems that can be used in various industries. One such blockchain platform that has gained popularity in recent times is NEAR Protocol. NEAR is a decentralized platform that aims to make blockchain technology more accessible and user-friendly. It is designed to be scalable, secure, and developer-friendly, making it an ideal platform for building decentralized applications (dApps).
One of the key metrics for measuring the success of any blockchain platform is the number of monthly active users (MAUs). MAUs are a measure of how many people are actively using the platform on a regular basis. For NEAR Protocol, increasing the number of MAUs is crucial for achieving its goal of becoming a leading blockchain platform. The more users there are on the platform, the more valuable it becomes for developers and businesses looking to build dApps.
There are several reasons why MAUs are important for NEAR Protocol. Firstly, having more users on the platform means more demand for NEAR tokens, which is the native cryptocurrency of the platform. This can lead to an increase in the value of NEAR tokens, which benefits token holders and investors. Secondly, more users mean more activity on the platform, which can attract more developers and businesses looking to build dApps. This can lead to a virtuous cycle where more users attract more developers, which in turn attracts more users.
In conclusion, NEAR Protocol is a promising blockchain platform that has the potential to become a leading player in the industry. Increasing the number of monthly active users is crucial for achieving this goal, as it can lead to more demand for NEAR tokens and attract more developers and businesses to the platform. With its focus on scalability, security, and user-friendliness, NEAR Protocol is well-positioned to attract a large user base and become a major player in the blockchain space.
The data provided by Flipside has been used to handle this analysis.
- In this investigation, first of all, the MAUs of the NEAR blockchain have been investigated.
- Definitions-> Monthly active users are considered users who made transactions or received transactions on a monthly basis.
- Metrics-> Monthly active users, Clustering MAUs by the count of transactions per month, Monthly new and existing users, Average DAUs per month and stickiness of users.
- After that, dig into monthly active users on a project basis.
- Metrics-> Top projects with the highest count of MAUs in the NEAR blockchain, Clustering MAUs based on the participated projects (1 or more than 1 project), Popular combinations by MAUs per month, Projects with most existing users and attracted newcomers per month, Projects with the most repeat users per month
- Finally, the comparison between NEAR and Aurora has been performed.
- Metrics-> Monthly active users and total senders, Monthly attracted new users, Average time (hour) between first two transactions, Distribution of active users by count of interactions, Monthly transactions per user, Average DAUs per month and stickiness of the users in monthly basis.