what is Solana?

Solana is a highly functional open source project that implements a new, permissionless and high-speed layer-1 blockchain.Created in 2017 by Anatoly Yakovenko, a former executive at Qualcomm, Solana aims to scale throughput beyond what is typically achieved by popular blockchains while keeping costs low. Solana implements an innovative hybrid consensus model that combines a unique proof-of-history (PoH) algorithm with the lightning-fast synchronization engine, which is a version of proof-of-stake (PoS). Because of this, the Solana network can theoretically process over 710,000 transactions per second (TPS) without any scaling solutions needed.

What is Osmosis (OSMO)?

Osmosis is an automated market maker (AMM) protocol that allows developers to create bespoke AMMs with sovereign liquidity pools. Osmosis, which was built with the Cosmos SDK, makes use of Inter-Blockchain Communication (IBC) to facilitate cross-chain transactions. In other words, Osmosis is a decentralized exchange designed particularly for Cosmos, with intention to spread to other blockchains in the future.

What is NEAR Protocol?

NEAR Protocol is a smart contract capable, public Proof-of-Stake (PoS) blockchain that was conceptualized as a community-run cloud computing platform. Built by the NEAR Collective, NEAR was designed to host decentralized applications (dApps), and strives to compete with Ethereum and other leading smart contract-enabled blockchains like EOS and Polkadot. NEAR’s native token is also called NEAR, and is used to pay for transaction fees and storage. NEAR tokens can also be staked by token holders who participate in achieving network consensus as transaction validators.

NEAR Protocol is focused on creating a developer and user friendly platform. To accommodate this mission, NEAR has incorporated features like human-readable account names as opposed to only cryptographic wallet addresses, and the ability for new users to interact with dApps and smart contracts without requiring a wallet at all.

Results

• On August 29, 2022 we have the highest stake volume about 33.5M and on October 31,2022 we have the highest Unstake volume about 10M in Near.
• In weekly Osmosis volume we have more increasing volume peaks than Near volume.
• On October 24, 2022 Osmosis has highest delegate and undelegate volume.

• On November 8 ,2021 we have largest number of stake users count in Near and it is about 8K.
• Since July 2022 the number of stake users in Near is almost 2K.
• Osmosis on March 7 in 2022 has the largest number of delegate users count after that the users number decrease to 25K in average.
• On September 6 2021, we see the largest number of users in Solana after that users count decrease and reach to 8K users in average.

• On October 4 week on 2021, we can see 20.14K stakes number and it is the highest number of stake in near. After this time we can see some other peaks but after 2022 June, we can see that the number of stakes and unstakes is almost constant and in average 2000 and 700 respectively.
• Transaction of delegate in Osmosis has increasing trend till March 7 on 2022 about 103K delegate after that the delegate transactions decrease.

• Since 2021 August to December 20, 2021 the number of weekly validators of Near in average was 65 but after this time the number of weekly validators increase and reach about 100 validators in average for each week.
• For Osmosis we can see that the number of weekly validators increase since December 2021.

What is the Nakamoto Coefficient?

As the wave of adoption in decentralized blockchains continues, it is important we pay attention to how decentralized these blockchains are. One metric to gauge the decentralized nature of a blockchain would be the Nakamoto Coefficient. The Nakamoto Coefficient represents the number of validators (nodes) that would have to collude together to successfully slow down or block any respective blockchain from functioning properly. The higher the Nakamoto Coefficient relative to the total number of validators, the lower the risk of collusion disrupting a decentralized blockchain.

• We can see that weekly Nakamoto Coefficient of Near rapidly increase and reach 9 it means that improvement on the Near decentralization.
• Also for Osmosis and Solana we can see that the Nakamoto Coefficient is increase.

Methodology

• Here we use Near, Solana and Osmosis schema.

• Sections:

  Staking and Unstaking actions

  Nakamoto coefficient

  Power distribution

  
  
  \

Stake

Nakamoto Coefficient

Power distribution of Validators

Conclusion

• On August 30, 2021 91.4% of Near was 1-10 validators but in November 7 ,2022 this percent decrease to 58% about 33% decrease.

  10-25 validators , 25-50 validators and 50-100 validators percent increase since August 30, 2021 to November 7 ,2022.

  It means that decentralization of Near increase.

• For solana we can see that in most of weeks the majority is 1-10 validators.

• For Osmosis we can see that it is like Near and 10-25 validators , 25-50 validators and 50-100 validators percent increase.

• On October 4 week on 2021, we can see 20.14K stakes number and it is the highest number of stake in near.

• after 2022 June, we can see that the number of stakes and unstakes is almost constant and in average 2000 and 700 respectively.

• Transaction of delegate in Osmosis has increasing trend till March 7 on 2022 about 103K delegate after that the delegate transactions decrease.

• On November 8 ,2021 we have largest number of stake users count in Near and it is about 8K.

• On August 29, 2022 we have the highest stake volume about 33.5M and on October 31,2022 we have the highest Unstake volume about 10M in Near.

• Since 2021 August to December 20, 2021 the number of weekly validators of Near in average was 65 but after this time the number of weekly validators increase and reach about 100 validators in average for each week.

• On August 30, 2021 91.4% of Near was 1-10 validators but in November 7 ,2022 this percent decrease to 58% about 33% decrease.

  10-25 validators , 25-50 validators and 50-100 validators percent increase since August 30, 2021 to November 7 ,2022.

  It means that decentralization of Near increase.

• We can see that weekly Nakamoto Coefficient of Near rapidly increase and reach 9 it means that improvement on the Near decentralization.

Thanks for reading!

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