damidez
    discord@ddamidez
    @damidez

    Stablecoins On Near Protocol 2024

    hexagon

    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.

    Text Panel
    Text Panel Description

    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
    Stablecoins on Dex Swap
    Distribution of Stablecoins on Dex
    Stablecoin Bridge Activites
    Disclaimer: Flipside AI is here to help but it can make mistakes. Always review outputs and use the upvote/downvote buttons to help us improve. This content is not financial advice.