This analysis focuses on the transfers between the Near chain and various centralized exchanges (CEX). I have developed a dashboard that visualizes the movement of assets, both inflows and outflows, between NEAR and CEX. The primary objective is to analyze the total number of users and the volume of assets transferred through these two routes.

We are also interested in identifying which CEX attracts more unique users to the Near chain.

Furthermore, I have tracked CEX users to determine which decentralized applications (dapps) they engage with after transitioning from CEX to the Near chain. This analysis aims to uncover the dapps most preferred by users who have made the transition, shedding light on the post-CEX activity within the Near ecosystem.

It's important to note that my findings exclude transfers between different wallet types within centralized exchanges (CEXs), namely Hot, Cold, and deposit wallets. These transfers occur when CEXs decide to move a portion of Near tokens from Hot wallets to Cold wallets, for example. Therefore, my analysis does not consider all transfers solely between CEX wallets.

The amounts in my findings are based on the Near token volume from January 2022.

To clarify the terminology, "inflow" refers to transfers from centralized exchanges (CEXs) to the Near chain, indicating assets moving into the Near ecosystem. Conversely, "outflow" refers to transfers from the Near chain back to CEXs, representing assets leaving the Near ecosystem and returning to centralized exchanges.

The table below displays the leading wallets involved in substantial transfers of Near tokens either into or out of the Near chain. Most transfers were processed through the Binance centralized exchange (CEX) or originated from that particular exchange.

The data provided corresponds to January 2022.

Between January 2022 and May 2022, most Near token activity was facilitated through centralized exchanges (CEXs) or involved transfers to and from the Near chain. Monthly volume during this period ranged from 80 million to 120 million Near tokens, with a notable trend of positive and substantial net flows.

However, after May 2022, total monthly deposits and withdrawals decreased to 20-25 million Near tokens, with more frequent negative net flows. It is worth mentioning that Near's integration with AI technology and market growth during January 2023 contributed to increased activity and reached 65M Near.

The net flow of Near tokens since the first available data stands at -18 million Near tokens.