The last part of the Journey: Bridging out of the City of Near

    A thorough analysis on the Rainbow Bridge outflows and next steps after leaving the City of Near.

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    Introduction

    So, this is it, traveller, you made it to the last part. We have seen it all together, we marched on the Bridge, explored the Districts and even contributed to the Local government by staking some of our $NEAR tokens. But what now? What should you, the traveller, do after a day full of adventures? This dashboard consists of a few ideas of where to go next, that is, if you are keen to leave the City so fast…

    We will firstly explore the Rainbow Bridge once again but now focus on the outflows - the number of users leaving Near with the question of where they go next the most kept in mind. We will also look at the more general picture, by doing some competitive analysis, whilst we ask the question of how does Near compare to other networks, such as Polygon, Avalanche, or Optimism, just to name a few.

    With the journey almost over, I hope you enjoyed the adventure and that you found these metrics useful! đź’™

    -- ==The Rainbow Bridge== --

    Near and Aurora to Ethereum through the Rainbow Bridge.

    After a day full of adventures, it is time to say goodbye to the one and only City of Near…

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    -- ==Near to Aurora and vice versa== --

    Where else could Near travellers go to? Let’s explore what happens when users bridge to Aurora from Near!

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    -- ==All bridge destinations on one picture== --

    Where do people go? Bridging events from ETH→NEAR, NEAR→ETH/AURORA and AURORA→NEAR.

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    Key points:

    • There is a lot more bridging action happening between Near and Aurora than to/from Ethereum, which is interesting. What does it imply? One assumption that can be made here is that once users bridge to Near, they don’t leave the network, but instead stay and play around in the ecosystem, by switching to Near and Aurora and vice versa.
    • The overall trend when it comes to bridging transactions and unique users is on a big decline - but once the turbulent markets become more stable, the popularity of bridging should resume!

    -- ==Competitive analytics== --

    That is it for the Rainbow Bridge. If you are keen to find out what you could next, this section will explore how Near is doing in comparison to other blockchains - maybe this will give you an idea for your next adventure!

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    Key insights:

    • Binance and Polygon are the winners when it comes to the number of transactions executed per day. How does Near compare? We can see that on average, Near conducts between a third and a sixth of Polygon’s transactions, and is also very similar to Harmony.
    • The average number of transactions per wallet is very large for Near, with over 30 transactions per wallet on a single day, on most days. This number has been greater only for Algorand, but the dominance has been overtaken again by Near since about August 26th. We can also see a massive spike in the number of transactions per wallet on Near, on the 19th of August, where that number reaches over 200 transactions!
    • Binance conducts the most transactions per second, followed by Polygon and Ethereum in the third place. Near comes somewhere in the middle of this comparison - it’s not the slowest, but also not the fastest network.
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    Key insights:

    • Ethereum has the highest time between blocks, but that’s the price paid for the consensus layer it has and how decentralized it is.
    • Gnosis also has a very similar architecture to Ethereum, but has chosen a different block finality, similarly to Binance, Polygon and Avalanche.
    • Near has one of the lowest average time between blocks, very close to that of Arbitrum, Optimism, Harmony and Solana.

    Conclusion

    This dashboard has looked into two major aspects - the bridging out of Near, and the competitive analytics, where we asked the question of how does Near compare to some of the most popular blockchains out there. We have seen which tokens are used the most to bridge out of Near, as well as what are some of the most popular destinations after leaving the City of Near.

    Our journey together has come to an end, but now that you’ve learnt so much about Near, you can continue the journey on your own. If you’re still looking for some inspiration, scroll through the gallery in the guide, where you can explore the rest of the ecosystem.

    I really hope you had as much fun as I did on this adventure. Goodbye, traveller! đź’™


    • Dashboard (and artwork created for the purpose of this tournament) created by -pine-nat-#4310
    • Twitter:
    • Refresh Rate - Daily
    • Data from FlipsideCrypto
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