Observations

You can see that there are 65 NETH wallets overall in this section.
As can be seen, the creation of NETH wallets peaked during the first few days after launch. We can observe several days without any registered users in this protocol following that huge peak.
Despite the platform experiencing low activity from January to the middle of February, recent days have seen a considerable rise in activity, suggesting that more users are using it.
Following the largest weekly number being recorded in the first week of December, it is clear from an analysis of the number of transactions involving the NETH map contract that a decrease was seen. During the latter week of January, the minimum was reached. The volume of transactions each week has been progressively rising again since February, though. This contract has been the subject of 70 registered transactions overall.
In terms of fees, it can be seen that the amount created in NEAR is directly correlated with the volume of transactions that are carried out. It seems like the volume of transactions right now is producing greater fees than before.
In reality, if we look at average transaction fees, we can see that an increase in fees was seen from December to the latter week of January.

According to the data, it appears that adding liquidity was the activity that the majority of NETH customers were most frequently involved in after swapping.
Also, a substantial amount of their interactions were labeled as "unknown activity."

It is clear from the transfer activity that the first week following debut saw the most activity, with more than 200 transfers coming into the platform and 200 transfers going out. Then, though, activity decreased until almost no activity was seen in January. But, since February, both sides' numbers of transfers have begun to rise once more.
A total of +50 NEARs have been expended due to greater volume leaving than entering. In reality, the average volume moved has been larger for outflows than inflows in the remaining weeks, even when the ins and outs recorded identical quantities at various periods.
Finally, the ratio of users moving between sessions has stayed consistent throughout time.

Conclusion

A total of 65 NETH wallets have been registered as of today.

NETH wallet creation soared in the first few days following its debut. After that massive peak, this protocol had no registered users for days.

Recent activity on the platform has increased, suggesting more users are using it.
Since the first week of December, when there were the most NETH map contract transactions in a week, that number has gone down.The minimum occurred in late January. Since February, weekly transactions have increased again. This contract has 70 transactions.
NEAR fees are proportional to transaction volume. Transaction volume seems to be increasing fees.
After switching, most NETH consumers added liquidity, according to data.
Most of their exchanges were designated "unknown activity."
During the first week after the team's debut, there were more than 200 transfers in and out.But activity dropped to nearly nothing in January. Since February, both sides' transfers have increased again.
Due to a higher outflow than inflow, +50 NEARs were used. Even if inflows and outflows recorded comparable amounts at some times, outflows have moved more volume in the remaining weeks.
Finally, the session-to-session ratio has remained constant.
The platform is not utilized for token exchange. Despite 4 weeks of formal activity, few swaps were made, and few swappers were active. The first week saw the most exchanges, but only eight were done by four swappers.
wNEAR is the most traded token. WNEAR, REF, and Marmaj are the most acquired tokens.

It is clear that the platform is not being substantially used for token exchange. While there were just 4 weeks of officially recorded activity, there are not many swaps being made, and there are few active swappers. In actuality, just 8 exchanges were carried out by 4 different swappers during the first week, when the biggest numbers were recorded.
With a notable distinction from the rest, wNEAR is the most often traded token among those being traded. In terms of acquired tokens, wNEAR has also been the most popular token, followed by REF and Marmaj.

The day that many citizens of the City of Near had been waiting for finally arrived late last year. As of December 19, 2022, NEAR is compatible with MetaMask, marking the first time a non-EVM chain has offered compatibility with the popular ETH wallet. This was made possible by a smart contract called NETH. You can find more about how NETH works here.
NETH is deployed on the NEAR side and allows you to directly interact with NEAR dApps using most Ethereum wallets, such as MetaMask
One can use the medium article written by Proximity to read more.