New Contract Usage

    NEAR is a dynamic ecosystem where new protocols are introduced on a regular basis. Examine which of the new contracts that were introduced at the end of 2022 and in 2023 are gaining more users and expanding the NEAR ecosystem. Some things you can look at:

    • Daily active wallets by contract
    • Asset volumes through the contract
    • Repeat users
    • New users in the NEAR ecosystem driven by the contract

    Don't feel limited by the suggested metrics above. Tackle looking at the growth of new contracts however you see fit.


    The deployment of new contracts on NEAR blockchain has been placed in this analysis. This investigation is divided into the following parts:
    • The stats related to the new contracts on NEAR
    • The Application of new contracts on NEAR
    • How users interacted with new contracts on NEAR.

    The time period of this investigation is considered from start of December 2022 to current days.

    Overview of analysis:
    About NEAR and contracts:
    Metodology:

    NEAR is a public, sharded, extensible blockchain network based on the proof-of-stake (POS) paradigm. Developers can use this platform to launch their own decentralized applications (similar to the Ethereum network). The token of this network is called NEAR, which is the functional token of this network. The main goal of the NEAR network is to create an infrastructure for creating a new Internet. In the new internet, it will be harder for big companies to access people's personal information. Countries cannot ban some programs and destroy their business in this system. A world of freedom where everyone can act freely.

    Contract deployment on the NEAR blockchain is a straightforward process. Developers can use the NEAR command-line interface to deploy their contracts to the network. The NEAR network uses a unique sharding method, which allows for high scalability and low transaction fees. Once a contract is deployed, it can be accessed by anyone on the network and can interact with other contracts and applications. Overall, the NEAR blockchain provides a reliable and efficient platform for contract deployment.

    To handle this analysis, the data from Flipsidecrypto has been utilized. The following steps have been used in this analysis:

    Step 1: Determine the contract deployment on NEAR blockchain

    Step 2: The application of new contracts on NEAR protocl

    • Interaction with new contracts
    • Paid fee on new contracts
    • Asset (NEAR) transfer into the new contracts

    Step 3: How users interacted with new contracts on NEAR

    • Top new contracts by various metrics
    • Repeat users
    • Distribution of users interacted with new contracts
    • New contracts that bring new users into the ecosystem
    • Time difference between first two interactions