Try Quests to earn NEARUntitled Board
Methodology?
In this dashboard, we will investigate the deployment of contracts on the NEAR blockchain. We will focus on visualizing the following metrics:
- The number of contracts deployed on NEAR on a daily basis
- The top contract deployers on NEAR
- The top new contracts on NEAR based on the number of interactions they have received.
A new contract is defined as one that has received at least one interaction, and the deployment time of a contract is defined as the time when the "deploy contract" function was first executed on it.
Near NFT Activity
Observations
show that most days, there are between 200 and 1,000 non-fungible tokens (NFTs) minted on the NEAR blockchain and between 500 and 3,000 NFTs sold on NEAR. There was a large spike in both NFT sales and mints at the beginning of 2022. There have been 13 days this year with over NFT sales on NEAR. Since September 2022, most days have seen fewer than 200 NFT sales on NEAR. There were a few spikes of NFT activity in 2022.
Near Contract Interactions
Near Contract Deployment
Observations
The top 4 contracts on NEAR in the past 90 days were login.learnclub.near, app.nearcrowd.near, marketplace.paras.near, and boostfarm.ref-labs.near. Smart contract usage on NEAR is quite distributed, with long-tail contracts accounting for almost 50% of smart contract interactions on the network. Over the past 90 days, the number of daily smart contract interactions on NEAR has increased from around 3,000 to approximately 4,000. There has also been a reported rise in both the number of smart contracts deployed and the number of transactions on NEAR. over 91% of the contracts deployed in the days have had between 1 and 10 interactions, with only a small number having more than 10 interactions. The new contract with the most transactions has had 362 transactions.
What is NEAR?
NEAR is a blockchain platform that uses a Proof-of-Stake consensus mechanism and sharding technology to support high scalability. It offers a range of user-friendly features, such as human-readable account names and the ability for new users to interact with decentralized applications (dApps) and smart contracts without the need for a wallet.
What are smart contracts?
Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary's involvement or time loss.
What are NFTs?
A non-fungible token is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership.
Conclusion
In conclusion, the NEAR blockchain has seen moderate activity in the minting and selling of non-fungible tokens (NFTs), with most days seeing between 200 and 1,000 NFTs minted and between 500 and 3,000 NFTs sold. There was a significant increase in NFT activity at the beginning of 2022, and there have been several smaller spikes in activity throughout the year. Since September 2022, daily NFT sales have generally been below 200. Most of the new contracts deployed on the NEAR blockchain in the past 90 days have had a small number of interactions, with only a few having a larger number. The contract with the most transactions has had 362 transactions.