Question:

The day that many citizens of the City of Near had been waiting for finally arrived late last year. As of December 19, 2022, NEAR is compatible with MetaMask, marking the first time a non-EVM chain has offered compatibility with the popular ETH wallet. This was made possible by a smart contract called NETH. You can find more about how NETH works here.

Now that the contact and ensuing compatibility have been live for nearly three months, it's time to dive deeper into the data. Create a dashboard monitoring NETH's adoption and usage, paying special attention to any notable trends, outliers, or other events.

Overview of analysis

This analysis contains the compatibility of NEAR on Metamask with the NETH smart contract.

This investigation contains the following parts:

1. Stats of Metamask wallets
2. Application of $NEAR on Ethereum
3. Trade analysis related to $NEAR
4. Summary and references

Methodology

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

Step 1: Determine the Metamask wallets

       ORIGIN_TO_ADDRESS='0x881d40237659c251811cec9c364ef91dc08d300c'

Step 2: Determine the stats related to the $NEAR on Metamask

• Metrics-> $NEAR holders on Metamask, Distribution of $NEAR among wallets, Top holders, Balance over time

Step 3: Application of $NEAR on the Ethereum chain

• Metrics-> Popular sectors and programs used by $NEAR

Step 4: Trade analysis on $NEAR

• Metrics-> Compare Metamask, Sushiswap, and Uniswap on $NEAR swap

Step 5: Summary and references

About Metamask and NETH

In digital currencies, wallets create a bridge between ordinary users and blockchain networks. Storing private and public keys, managing purchased digital assets, creating transactions, and transferring cryptocurrencies are among the main tasks of wallets. With one million users, the Metamask wallet is one of the most popular in the crypto world.

This wallet, like all wallets, is a place for safe storage of the private key and public keys of the Ethereum and Binance networks and the tokens of these two blockchain networks. In addition, using this digital currency wallet, it is possible to connect to decentralized applications such as decentralized exchanges, game platforms and NFT fields, and lending platforms in the field of cryptocurrencies. Connecting to DeFi platforms, Ether cryptocurrency storage, Ethereum network tokens, and Binance smart chain are among the primary uses of this wallet Ref 1.

As of December 19, 2022, NEAR is compatible with MetaMask, marking the first time a non-EVM chain has offered compatibility with the popular ETH wallet. This was made possible by a smart contract called NETH Ref 2.