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    • As shown in the above figures, FLOW had the most active users up until November 11th, when all of a sudden, its active users drastically reduced, and SOL took the lead.

    • Additionally, we can see that despite FLOW experiencing volatiles throughout the collapse period, NEAR protocol handled the collapse well and has continued its normal trend without any extremely high spikes in the amount of transactions or users.

    • Additionally, we can see that before the collapse, there were more transactions than there were after this time period on Flow and Near.

      The average number of active users on Flow, however, has increased significantly since the collapse, whereas before this time period, NEAR had a higher average user activity.

    • The daily unstake activity on Near and Flow chains can be seen on the aforementioned charts. As can be seen, FLOW leads in terms of volume while NEAR leads in terms of number.

    • The 14th of November saw the most NEAR and FLOW unstake activity.

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    • According to the charts on the left, unstake activity significantly increased in the days and weeks following the FTX Collapse.

    • In contrast, we can see that NEAR unstake activity has grown more slowly than Flow.

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    • On the aforementioned charts, we are unable to discern a clear upward or downward trend in the volume of NFT sales activity for either chain; however, we can see that the 7th of November saw the highest volume of NFT sales for both NEAR and FLOW.

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    • According to the charts on the left and above, we can see that activity on NFT sales has drastically decreased compared to the days and weeks prior to the collapse.

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    • However, we can see that when compared to Flow, the NEAR NFT sales volume has seen the biggest decline.

    • We can observe from the aforementioned figures that Near had the most volume and quantity of swaps on all days. Additionally, we may observe tendencies in this week's swap activity that are both increasing and diminishing.

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    • On the NEAR protocol, the largest jump in terms of swaps occurred on November 9; however, the protocol's volume grew after that date.

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    • On both chains, there are now significantly more swaps and swappers on average each day than there were in previous days.

    • During the collapse, we can see that swaps from stablecoins had a larger share than those to stablecoins on all chains. This indicates that most users on both chains would rather swap their stablecoin for other assets and buy them at a discount than swap their assets for stablecoins and sell.

    • On NEAR, the share of swaps to stablecoins has increased compared to the days prior to the collapse, despite the high share of swaps from stablecoins.

    • The percentage of swaps to stablecoins has surpassed the percentage of swaps from stablecoins in terms of number of swaps.

    What is Flow blockchain?

    Flow is a blockchain platform that originally was designed for gaming purposes, but has expanded since its launch in 2020. The flow blockchain enables fast, low-cost transactions and supports smart contracts. It powers blockchain applications including NBA Top Shot, a non-fungible token (NFT) offering.

    What is Near blockchain?

    NEAR Protocol is a public Proof-of-Stake (PoS) blockchain that aims to bring DeFi to the masses with low transfer fees and fast transactions. NEAR competes with Avalanche, Solana, Cardano, Algorand, the new version of Ethereum, and other PoS networks.

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    Conclusion

    • FLOW had the most active users until November 11th, when SOL took the lead. NEAR protocol has continued its usual trend without any very large surges in transactions or users, notwithstanding FLOW's volatility throughout the crash.
    • Before the crash, Flow and Near had more transactions than after. Before the crash, NEAR had a greater average user activity than Flow.
    • The charts show Near and Flow chain unstake activities every day. FLOW leads in volume and NEAR in number.
    • NEAR and FLOW unstake activities peaked on November 14. According to the left charts, unstake activity rose after the FTX Collapse.
    • Flow has expanded faster than NEAR unstake.
    • On the charts, we can't discern a clear upward or downward trend in NFT sales activity for either chain; however, November 7th saw the most NFT sales for both NEAR and FLOW.
    • According to the data on the left and above, NFT sales have plummeted substantially since the collapse.
    • NEAR NFT sales volume has declined the most compared to Flow. Near had the largest volume and swaps on all days, according to the data. This week's swap activity may increase and decrease. On the NEAR protocol, swaps spiked on November 9, but traffic climbed afterward.
    • On both chains, there are now more daily swaps and swappers than before. 
    • On both of the chains, swaps from stablecoins had a larger share during the collapse. This indicates that most users on both chains would rather buy stablecoins at a discount than sell them. Despite a high share of swaps from stablecoins, NEAR's swaps to stablecoins have increased since the collapse.
    • Swaps to stablecoins have surpassed swaps from stablecoins in number.

    Methodology

    In this dashboard, we will provide an analysis of how NEAR is weathering the market turbulence that occurred as a result of FTX’s insolvency.

    We will analyze the measures of ecosystem health, and assess how NEAR is performing on those metrics between the week of 11/7 and 11/14.

    We will also compare NEAR to Flow using the above metrics to find how both NEAR and Flow respond to market conditions that heavily affect one of their peers (in this case, Solana).

    The following parameres also will be used:

    • Unstaking and Staking transacitons
    • NFT sale transactions
    • Stable % of trade activity — are users fleeing or buying the dip?