NEAR Monthly Active Users(MAUs)

    From the NEAR Foundation’s Q2 Transparency Report Our north star metric, Monthly Active Accounts, was at 1.1M at the end of Q2, 100k shy of the 1.2M target. We’ve seen continued strong traction from SWEAT, who are still the largest partner on NEAR in terms of MAA. The slight miss to the goal can mainly be attributed to longer than anticipated lead times in partnerships going from announcement to mainnet.

    Methodology
    • Introduction:

    The purpose of this dashboard is to present a reliable and accurate count of users on the NEAR chain based on a specific approach. The methodology aims to provide transparency and consistency in user count calculations. After evaluating two distinct approaches, we have decided to adopt the right chart, which considers only transaction signers as users, as the basis for all user count calculations.

    • Data Collection:

    Data for the dashboard is collected and presented by FlipsideCrypeo

    • User Identification:

    To identify users on the NEAR chain, we will consider transaction signers as the primary metric. Each unique transaction signer address will be treated as an individual user. This approach ensures that we are counting distinct users who actively participate in transactions on the network.

    • Data Preprocessing:

    Before conducting any calculations, we will perform data preprocessing to remove any duplicate or irrelevant transaction records. Only valid and unique transaction signer addresses will be considered for user count calculations.

    • User Count Calculation: The user count will be calculated based on the unique number of transaction signers observed over a specific time period. For the monthly active users (MAU) metric, we will calculate the number of unique transaction signers observed within the respected month.

    • Data Visualization:

    The dashboard will include visualizations representing the user count data over time. This will include charts, graphs, and tables that display the monthly active user count based on the adopted methodology.

    • Benchmarking:

    To validate the accuracy of our user count, we will periodically benchmark our results against official NEAR announcements and reports. Any significant discrepancies will be investigated, and adjustments will be made accordingly.