Which outlets are the best for increasing trading volume on Near?
DeFi has witnessed exponential growth, with total value locked (TVL) across platforms increasing significantly over the years. On NEAR Protocol, DeFi is emerging as a key use case. NEAR's scalable and developer-friendly infrastructure has attracted various projects in decentralized exchanges, lending protocols, and NFT marketplaces. Its fast finality and low transaction costs position NEAR as a competitive ecosystem for DeFi innovation, particularly in an environment where users are sensitive to high gas fees on other networks like Ethereum.
NEAR's recent developments, including integrations with bridges (e.g., Aurora) and ecosystem incentives, are driving trading volume and user activity. As the DeFi sector continues to grow, NEAR has the potential to position itself as a leading ecosystem for decentralized financial services.
This dashboard aims to identify the most effective sectors for increasing trading volume within the NEAR ecosystem. By analyzing various user categories—such as bot traders, stablecoin traders, and those interacting with niche tokens (e.g., Meme Cooking)—the dashboard provides insights into which sectors and activities drive the most volume. Understanding these dynamics helps protocol developers and ecosystem builders target incentives and resources more strategically to foster ecosystem growth.
Definitions of Sectors
Bot Traders:
These are accounts identified as executing over 100 trades per day on average. Bots often dominate high-frequency trading and arbitrage activities, providing liquidity and price efficiency in the market. While they increase trading volume, they may also contribute to market volatility or concentrated activity in specific pools.Stablecoin Traders:
This category includes users primarily trading pairs with stablecoins (e.g., USDT, USDC). Stablecoin trading ensures low volatility and is crucial for liquidity and onboarding users into DeFi. It also acts as a bridge for fiat-to-crypto transactions.Meme Cooking Tokens:
This niche category tracks activity in experimental or highly speculative tokens such as "Meme Cooking," which often cater to community-driven projects or social experiments. While volatile, they can attract speculative traders and generate significant attention.Regular Users:
Accounts that do not fit into the above categories, trading in diverse token pairs and exhibiting general trading behaviors. These users represent organic growth in the ecosystem and are essential for sustainable market activity.