$USDC was just added to NEAR Protocol.

    $USDC has been added to the NEAR protocol since September 2023. Therefore, this dashboard was created for analyzing and exploring $USDC on NEAR Protocl in terms of price, transfer, holder, and swap over time.

    Introduction
    Near Protocol
    USD coin
    Methodology
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    NEAR Protocol is a smart contract capable, public Proof-of-Stake (PoS) blockchain that was conceptualized as a community-run cloud computing platform. Built by the NEAR Collective, NEAR was designed to host decentralized applications (dApps), and strives to compete with Ethereum and other leading smart contract-enabled blockchains like EOS and Polkadot. NEAR’s native token is also called NEAR, and is used to pay for transaction fees and storage. NEAR tokens can also be staked by token holders who participate in achieving network consensus as transaction validators.

    NEAR Protocol is focused on creating a developer and user friendly platform. To accommodate this mission, NEAR has incorporated features like human-readable account names as opposed to only cryptographic wallet addresses, and the ability for new users to interact with dApps and smart contracts without requiring a wallet at all.

    Projects building on NEAR include Mintbase, a non-fungible token (NFT) minting platform, and Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and more.

    Data : gemini

    Circle brings USDC natively to new blockchain networks to empower developers to build on a stable foundation they can trust. Native USDC is officially issued by Circle and is always redeemable 1:1 for US dollars.

    In the case of NEAR, historically USDC was only available as a bridged version of USDC from Ethereum. USDC.e is not issued by Circle and is not compatible with Circle Account or Circle APIs. This brings a NEAR native version of USDC on chain.

    To facilitate this shift, the NEAR Foundation will be working with ecosystem partners to help facilitate the migration of liquidity from bridged USDC to native USDC.

    Exchanges, digital wallets, institutional traders, and developers can now all access NEAR USDC via the Circle Account and Circle APIs. This unlocks a whole range of use cases including:

    • Making low cost payments and remittances globally in seconds.
    • 24/7 trading, borrowing, and lending on apps like Burrow, Orderly, and Ref Finance.
    • Enable users to hold savings in digital dollars without needing a traditional bank account. Allow for enhanced cross-chain interoperability with other blockchains via NEAR’s extensive range of bridges.

    Data : near

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    Tracked the $USDC token by using the token address, which is 17208628f84f5d6ad33f0da3bbbeb27ffcb398eac501a31bd6ad2011e36133a1, and the token symbol of it is USDC.

    In addition,  analyzed only 4 indicators, which comprised price, swap, holder, and transfer on NEAR ecosystem for all time.

    • Price is using in the near.price.fact_prices table.
    • Swap is using the near.defi.ez_dex_swaps table.
    • Holder is using the near.core.fact_receipts table.
    • Transfer is using the near.core.fact_actions_events_function_call table.
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