NEAR Gas Guzzlers

    What contracts are users spending the most gas on to use? How has this changed over the past week? Past month?

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    Introduction and methods

    NEAR Protocol is a decentralized platform that seeks to facilitate the development and deployment of dApps on its blockchain technology. To do so, NEAR makes use of widely known technologies such as the Ethereum Virtual Machine (EVM). \n \n NEAR is the native token of NEAR Protocol. It is used to pay transaction and data storage fees. NEAR token holders can also deposit them in staking in the NEAR wallet to receive rewards or use them to vote on governance proposals. \n \n The NEAR platform contains a wide range of tools and programming languages, as well as smart contracts with cross-chain functionality to help developers create DApps. The platform features a simplified onboarding process and features human-readable account names instead of cryptographic wallet addresses. As a blockchain PoS, NEAR was awarded the Climate Neutral Product Label in 2021 for being carbon neutral.

    In this dashboard we are gonna explore what contracts are Near users spending the most gas on to use and how it has changed over the past week and month.

    Results

    Looking at the top 10 Near contracts by the amount of gas spent on fees by Near users so far, we can see how Aurora has the leader one with a huge differents with the rest of the top 10 contracts, representing more than 70% of its fees.

    It is followed by Nearcrowd with less than 13% of the fees and Nearapps v1 and v2 which both represents no more than 5% of the top 10 contracts spent fees.

    Other important contracts are Paras, Bridge, Ref-finance, Priceoracle, Wrap and Near itself.

    If we take a look at the top 10 daily contracts over the past week, we can see on the one hand how the amount of fees decreased dramatically over the past few days. On the other hand, we can see the dominance of Aurora from the beginning until the end, however, the percentage decreased since July 22t from over 80% to current 50%. The contract that are catching the attention of users is Nearcrowd whose dominante increased from 5% to 25%.

    Finally, taking a look at the numbers over the past month, we can see how numbers and distributions have been similar over time between the top 10 contracts, but it was a sudden increase of spent fees on Aurora from July 15th to July 21st when the spent fees passed from around 1M NEAR to more than 10M NEAR. At this point, the around 50% of the Aurora dominance in fees increased to more than 80% but after those days, the percentage returned to the previous levels.

    It can be seen as well other situations like Bridge and Ref-Finance that the first days obtained a huge amount of fees but it decreased over time.

    Conclusions

    In this dashboard we have analyzed the spent gas on Near by observing the top 10 contracts that generated more in gas spent, not only in general but also over the past week and month. The insights have been the following:

    • The top 10 Near contracts by the amount of gas spent on fees by Near users so far, we can see how Aurora has the leader one with a huge differents with the rest of the top 10 contracts, representing more than 70% of its fees.
    • The amount of fees decreased dramatically over the past few days.
    • The dominance of Aurora from the beginning until the end, however, the percentage decreased since July 22t from over 80% to current 50%. The contract that are catching the attention of users is Nearcrowd whose dominante increased from 5% to 25%.
    • The numbers and distributions have been similar over time between the top 10 contracts, but it was a sudden increase of spent fees on Aurora from July 15th to July 21st when the spent fees passed from around 1M NEAR to more than 10M NEAR. At this point, the around 50% of the Aurora dominance in fees increased to more than 80% but after those days, the percentage returned to the previous levels.