Stablecoins On Near Protocol 2024
Flipside AI
NEAR Blockchain Stablecoin & DeFi Insights for 2024
Stablecoin Dominance
USDC emerges as the clear leader in the NEAR ecosystem, commanding significant market share across multiple metrics:
Transaction Volume: $498M total swap volume
Transactions: 2,494,017 total transactions
DEX Swaps: 3,046,377 transactions
Bridge Activity Highlights
NEAR's stablecoin bridge ecosystem shows robust cross-chain liquidity:
Total Bridge Volume: $100.1M in 2024
Key Bridge Players:
- USDC.e: 44M USD (largest cross-chain transfer volume)
- USDC: 21.6M USD
- USDT.e: 18.4M USD
DeFi Growth Indicators
The NEAR Protocol experienced dramatic expansion in 2024:
Monthly DEX Volume: Surged from $10M to $144M in Q1
Unique Swappers: 413,485 participants
Total DEX Trading Volume: $804.4M
Monthly Trader Activity: Jumped from 1,500 to 70,000 traders
Transaction Dynamics
Total Stablecoin Transactions: 4,042,342 in 2024
Average DEX Trading Volume: $138.32
Bridge Transactions: 29,143 total
The data reveals a vibrant and rapidly growing NEAR blockchain ecosystem with strong stablecoin and DeFi engagement throughout 2024.
NEAR Blockchain Stablecoin & DeFi Insights for 2024
Stablecoin Dominance
USDC emerges as the clear leader in the NEAR ecosystem, commanding significant market share across multiple metrics:
Transaction Volume: $498M total swap volume Transactions: 2,494,017 total transactions DEX Swaps: 3,046,377 transactions
Bridge Activity Highlights
NEAR's stablecoin bridge ecosystem shows robust cross-chain liquidity:
Total Bridge Volume: $100.1M in 2024 Key Bridge Players:
- USDC.e: 44M USD (largest cross-chain transfer volume)
- USDC: 21.6M USD
- USDT.e: 18.4M USD
DeFi Growth Indicators
The NEAR Protocol experienced dramatic expansion in 2024:
Monthly DEX Volume: Surged from $10M to $144M in Q1 Unique Swappers: 413,485 participants Total DEX Trading Volume: $804.4M Monthly Trader Activity: Jumped from 1,500 to 70,000 traders
Transaction Dynamics
Total Stablecoin Transactions: 4,042,342 in 2024 Average DEX Trading Volume: $138.32 Bridge Transactions: 29,143 total
The data reveals a vibrant and rapidly growing NEAR blockchain ecosystem with strong stablecoin and DeFi engagement throughout 2024.
This is an analysis of stablecoins (USDC, USDT, USDC.e, USDT.e, DAI, and USN) on the NEAR protocol for 2024.
Looking at the performance on DEXs and bridges for stablecoins this year.
![db-image-image-31_f](https://res.cloudinary.com/dsr37ut2z/image/upload/v1734896175/khpqvvrjuwhg5wl7qqy3.webp)