Decentralization is a fundamental concept in blockchain technology, representing power distribution and decision-making across a network of participants.

It plays a crucial role in ensuring blockchain ecosystems' security, resilience, and integrity. One blockchain platform that has been actively working towards decentralization is NEAR.

In this analysis, we delve into the decentralization of NEAR, examining key metrics and trends that shed light on its journey toward a more inclusive and secure network. We explore the growth in the number of validators, the distribution of staked NEAR tokens, the seat price dynamics, and the Nakamoto Coefficient as indicators of NEAR's decentralization efforts.