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    NEAR Blockchain Analysis: Sectors, Protocols, and User Stickiness

    This analytic dashboard discovers key insights into the NEAR blockchain ecosystem and explores transaction fees, sector breakdowns, and protocol performance.

    Introduction

    Transaction fees serve as the primary direct source of income for blockchains. It also indicates the popularity and health of protocols. Therefore, studying and monitoring how protocols and sectors generate transaction fees and their relationship with protocol users is valuable.

    This dashboard specifically concentrates on protocols and sectors operating within the NEAR blockchain. It aims to explore how various sectors generate transaction fees and identify the protocols within those sectors that contribute the most to transaction fee generation.

    The dashboard delves also deeper into analyzing the protocols with the highest stickiness rate on the NEAR blockchain.

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    Method and Data

    This dashboard focuses on analyzing sectors and protocols within the NEAR blockchain ecosystem. Sectors are defined as groups of projects and protocols that share similarities and belong to the same industry, such as DeFi and Gaming. We provide metrics, including transaction fees and average transaction fees, specific to each sector. To determine the sector of addresses, we utilize Flipside's labelling system, where label types correspond to sectors in their database tables.

    Next, we delve into protocols, which are categorized within sectors. Flipside's labelling system is again used to identify addresses associated with protocols.

    Lastly, we provide insights into protocol stickiness. Protocol stickiness is calculated by dividing the number of daily active users by the number of monthly active users. A protocol with sticky users demonstrates a high retention rate and lower churn rate. We identify the protocols that exhibit the highest stickiness within their respective sectors.

    More about the Author

    Twitter: @SocioCrypto

    Discord: SocioCrypto#1741

    Flipside Profile: https://flipsidecrypto.xyz/SocioCrypto