Introduction

In this analysis, You will read about the Staking activity on Near. It’s winter in the Crypto world and autumn in my hometown. Do you think What season is it in the City of NEAR?
I picked the Staking category and analyzed these parameters based on Stakers and Unstakers:
Transactions
Users
Near amount and Volume in USD
Users Breakdiwn
Validators
Top Stakers and Validators

Analyzed by Hess - Reading Time Almost 10 Min.

Method

The methodology is simple. We have a staking table on Osmosis. I used that table and extracted all parameters. The only parameter that wasn’t in that table is stake volume in USD. So, I extracted near the price and joined to my findings.

I found 251 validators that users staked their Near on those pools. Over time, The total number of validators increased. Right now users staked their assets in 140 validators. Some of them could become reactive overtime.

Nearly 70% of transactions are Staking and 30% of them are unstaking.
Osmosis has 89K Unique stakers and 49K Unstakers.
Based on the Near amount, The staking amount increased and the unstake dropped a little. But based on the Staked amount in USD, There were so many ups and downs. Also, In the last 30 days dropped.
Overall, 220M Near which is worth 2B US dollars staked, and 119M Near which is with 1B US dollars unstaked.
The average stake amount in Near is 1K and the average unstake amount is more than 2K.
Almost in all month, More amount of Near staked in comparison to Unstake.
Osmosis has 251 validators.
The average days of holding increased. Also, A large group of users staked one time and the amount was between 10 and 100 Near.
The average days of holding is 64 days right now.

Full Analysis

Staking on Near is its powerful weapon. The monthly share of Optimism increased over time since September 2021. After a year, The share of stake increased in comparison to the unstake. The share of Stake from 50-60% reached 70-78%. Overall, 70% of transactions were stake and 30% of them were unstake. The cumulative chart shows that at some points the stake transactions increased.

The total number of stakes and unstakes shows that users had multiple numbers of transactions over time Because the total number of stakers and unstakers decreased, unlike the transactions. Since September 2021, Near chain has had 89K Unique Stakers and 49K Unstakers. The highest number of stakers was in October 2021. About 25% of total users staked their Near in that month.

The average staked amount in Near and USD is interesting. The average stake amount in USD had so many ups and downs but in Near increased over time. Near price dropped since last year and right now is around 3$. It is normal that users can stake more Near right now in comparison to the last year. The reason for the decrease in Volume and increase in Near is near price over time.

The total monthly Stake and Unstake volume in USD decreased over time. In April, The highest volume in USD staked on Near but after that, The total volume decreased. The Unstake volume increased a little in that time but like the stake, The total volume decreased. The highest volume of Near unstaked on December 2021. Overall, The cumulative chart shows that the slope of the stake increased over time in comparison to the unstake.

Unlike the Stake volume in USD, The total monthly stake amount in NEAR increased. in August about 36M, Near was staked on the Near chain. At that time, Only 9M Near was unstaked from the Near chain. Over time, The stake and unstake amount didn’t change too much and it’s a good point for Near chain.

The large group of users had only 1 stake and unstake on Near and staked up to 1 near. The second large group of users staked 2 times and staked 10-100 Near. There were 941 users that staked more than 10K near.

Based on the total number of transactions, There was a user that staked 646 times on Near. The next places staked nearly 100-150 times on Near. Based on Total staked volume, Binance wallet staked 450M US dollars. The following places staked 25-120M US dollars on Near.

I calculated the monthly stake and unstake amount in USD and Near to see how is the monthly net of stake and unstake. Based on that, in Only one month, May 2022, The total unstaked amount in Near and USD was higher than the total stake amount in Near and USD.

Besides the total number of users and volume or amount, The number of days that users hold their position is an important parameter. The average day of holding position on Near is 64 days. Users hold their stake for average of 64 days. Also, The average days of holding increased over time, and right now is more than 150 days. These numbers are very good for Near.

Based on total staked volume in USD, Binance has the highest amount of staked Near 217M US dollars. The second top validator is Aurora with 206M US dollars. Based on Transactions, Aurora with 29K stake transactions is in first place and Astro with 17K is in second place. It seems Binance is staked on its pool because I can not see top validators based on transactions.

I can conclude that it’s Autumn on Near. The total stake decreased over time but the total unstake decreased too. Overall, I can not say users removed their assets from Near. Based on some key parameters, Like Users, transactions, and volume, Near staking is in a good position. Users hold their positions for more than 150 days. Remember that, It’s Winter on Crypto world and some of top platforms faced problems But Near is in a good position.

ALL CODES AND CONTENTS WERE WRITTEN BY HESS.

:bird: Twitter: @hessaminanloo

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:calendar: Analyze Date: 2022/OCT/20