Projects on NEAR: A Comparative Analysis
Flipside AI
Kai-ching dominates the NEAR ecosystem, boasting 82M users and 446M calls, far surpassing other projects. Here Wallet is second with 15.8M users and 1.3B calls, while Playember and Sweat follow with 7.4M and 6.7M users, respectively. User growth is primarily driven by Kai-ching, which accounts for 40-85% of all users weekly and 85-92% of new users in the last quarter of 2024. Excluding Kai-ching, most projects have seen stagnant or declining user numbers since June, although Here Wallet, Playember, and Sweat have maintained a user base between 3.5-4 million users.
- User growth in the NEAR ecosystem (both new and retained users) is mainly due to Kai-ching. Kai-ching registered 40 - 85% of all users in any given week and have consistently found 85-92% of all new users over the last quarter of 2024.
- If we discount Kai-ching user numbers of the rest of the projects have been stagnant since June (Sweat, Playember and Here Wallet users were able maintain a userbase
between 3.5-4 Million users, with Here Wallet accounting for ~2.8 M users). However, all 3 have slowly declining user numbers.
- Here Wallets growth peaked in the 3rd week of June, with nearly 1 M new users in a single week
- Playembers best week was in the 3rd week of April with 600 k new users
- Sweat's best week so far has been the 2nd week of March with 440 k new users to the protocol
The user growth of the NEAR ecosystem broken down by the top projects paints a nuanced picture. On one hand, the overall usage and number of users increased significantly since the beginning of 2024, moving from 3M users to 15M+ users by the end of year. Multiple projects grew in the first half of 2024, including Kai-ching
going from 1.5 to 6.2M users, Here Wallet
from almost no users to 3.3M and Sweat
from 500k to 800k users. However in the second half of the year, the balance of power changed. Most projects users numbers are stagnating or slowly declining except for Kai-ching
which doubled it's user numbers in the past 3 months from 6M to 12M users.
At the bottom of this page, there is a table with all the identified projects form 2024, complete with a short description of each project. We have taken care to assign every contract to a project that was in the most used top 100 in the last quarter of 2024.