New contract usage on NEAR

    This dashboard examines which of the new contracts that were introduced at the end of 2022 and in 2023 are gaining more users and expanding the NEAR ecosystem.

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    Introduction

    The methodology involves carefully selecting a period of 6 months, spanning from the finals of 2022 to the initial months of 2023, during which we will collect and analyze data from various sources to determine which new contracts are gaining the most users and expanding the NEAR ecosystem.

    To achieve this goal, we will utilize data from on-chain sources such as Flipside Crypto on Near data, which provides insights into the usage and activity of various contracts on the NEAR blockchain. We will also take into consideration the deployment of new contracts over the 6-month period to identify those that have the potential to drive growth in the ecosystem.

    Our analysis will focus on several key metrics, including daily active wallets by contract, asset volumes through the contract, repeat users, and new users in the NEAR ecosystem driven by the contract. By comparing and analyzing these metrics across different contracts, we will be able to identify which contracts are experiencing the most growth and have the most potential to expand the NEAR ecosystem.

    Methodology

    NEAR is a blockchain platform that aims to make decentralized applications more accessible and user-friendly for developers and users alike. With its high throughput, low fees, and easy-to-use tools, NEAR has quickly become a popular choice for building and deploying decentralized applications.

    One of the key factors that sets NEAR apart is its dynamic ecosystem, where new contracts are introduced on a regular basis. These contracts, which are essentially smart contracts that run on the NEAR blockchain, enable developers to create a wide range of decentralized applications, from decentralized finance (DeFi) protocols to gaming platforms and more.

    The deployment of new contracts is crucial for the health of the NEAR protocol, as it allows developers to experiment with new ideas and build innovative applications that can attract more users to the ecosystem. By analyzing the usage and activity of these contracts, we can gain valuable insights into the growth and expansion of the NEAR ecosystem and identify the contracts that have the most potential to drive adoption and increase the value of the protocol.

    In summary, the deployment of new contracts on NEAR is a vital component of the platform's success, as it enables developers to build innovative decentralized applications that can attract new users and drive growth in the ecosystem. By closely monitoring the activity of these contracts and identifying the ones that are gaining the most users and expanding the ecosystem, we can help ensure the continued health and success of the NEAR protocol.