📜 Introduction

NEAR is a Layer 1 blockchain, meaning it not dependent on other chains. It uses a unique scaling mechanism (Nightshade sharding) and makes it especially easy to onboard new users (e.g. through named accounts). It opens the door to mass adoption for Web3
NEAR is a user-friendly and carbon-neutral blockchain, built from the ground up to be performant, secure, and infinitely scalable.
In technical terms, NEAR is a layer one, sharded, proof-of-stake blockchain built with usability in mind.
In simple terms, NEAR is blockchain for everyone.

📌Key Topics

Before deep dive into analyzing we have to explain some key-topics for better understanding :

What is a DEX?
- A decentralized exchange (or DEX) is a peer-to-peer marketplace where transactions occur directly between crypto traders. DEXs fulfill one of crypto’s core possibilities: fostering financial transactions that aren’t officiated by banks, brokers, or any other intermediary. Many popular DEXs, like Uniswap and Sushiwap, run on the Ethereum blockchain.
What is Validator ?
- The NEAR network is decentralized, meaning that multiple people collaborate in order to keep it safe. We call such people validators.
  
  In order to make sure that all the transactions in the network are valid, i.e. that nobody is trying to steal money, the validators follow a specific consensus mechanism.
What Is Proof-of-Stake vs. Proof-of-Work?
- Proof of Stake (POS) uses randomly selected validators to confirm transactions and create new blocks. Proof of Work (POW) uses a competitive validation method to confirm transactions and add new blocks to the blockchain

Base Information

near.core.fact_actions_events_function_call & near.core.fact_transactions To extract the Near staking data and number of validator

ez_dex_swap to show the transaction DEXs over time

near.core.fact_transactions to extract Near Holders and token Distribution

Total Number of Validator & Weekly Staked Amount

According to the charts We can clearly see how the stake has an upward trend From September 2021 until today
the Total stake amount has been increasing every month and Today there is a stake of 264M
the total Near Staked amount is take share of 15% of all circulating token which is impressive number
Even so, we see that the number of validators goes up and down in a more irrational way
In August there was a peak, with 274 validators, Then this number decreased to 122 in November.
Also according to Weekly Staked Near we can realize that on first week of Sep 2022 the ecosystem experince a huge amount of staked token equal to 33M
The number of staked NEAR tokens increased dramatically in August & September , which of course could have been caused by whales
From Weekly chart we can reach that the Average amount of Near Staked every week is nearly 3M USD per week

Number of Stakers & Staked Amount

According to the Weekly new Staker Chart The number of new users in recent months has decreased sharply compared to the previous year, one of the reasons could be the bear market, but in any case, this decrease in delegations indicates that the NEAR network has moved towards more centralization
Also By compare Staked vs UnStaked Amount we reach that Average amount of users who locks their tokens in the network is more than to unlock them, it can be considered a positive factor in the decentralization of the NEAR network
on the other side from new staker vs total staker comparison we can find out that new user who interacts with the ecosystem in 2021 is much more than 2022 so it can be a negative factor for Near ecosystem

Total DEXs swap over time by Platform

one of the main factor of decentralization in an ecosystem is ratio of Users who interacts with DEX platforms over time
According to the first graph the amount of unique swapper from 3rd week of August start an descending trend till now, one of the main reason is bear market and low users liquidity but at all it’s a metric to measure decentralization
Also on the third week of February the ecosystem has most amount of unique swappers with 34K swappers , in this week also we had most transaction DEX swaps on the Near Blockchain with 118K transactions and 33% of these transactions come from Token_Jumbo Platform

Token Distribution

Based on the above data, there are total 308K Unique Wallets who are holding $NEAR token
The top address with the most $NEAR is binancecold3.near (Binance Exchange Cold Wallet) with a huge difference from other addresses. this address is holding more than 63M $NEAR
the top 10 wallet Hold almost 100M $Near which is 12.5% of all token circulating
According to the Donut chart, the most number of NEAR users are holding less than 10 $NEAR token
After these, we have the users with 10 - 25 $NEAR on their wallet
On the Weekly chart, we can see the weekly number of users who are receiving / holding $NEAR over time; As we see, there is a very light decreasing trend over time

Conclusion

According to the Metrics :

The number of NEAR staking transactions in recent months has decreased sharply compared to the previous year, one of the reasons could be the bear market, but in any case, this decrease in delegations indicates that the NEAR network has moved towards more centralization
The same trend can be seen in the number of NEAR validators, the number of active validators has decreased significantly from August 2022
The number of staked NEAR tokens increased dramatically in third week of August with total value of 33M $Near
Although the number of stakers and Unstakers has decreased compared to the previous year
A large part of NEAR tokens are in the hands of centralized exchanges, especially Binance. The total number of NEAR tokens in circulation is almost equal to 800 million tokens, of which nearly 100 million are in the possession of the above ten wallets. Based on this, almost 10% of all NEAR tokens are among the top ten wallets that can easily raise or decrease the price of this asset
Most number of $NEAR holders have less than 10 $NEAR on their wallet
Daily number of $NEAR active holders during nowadays is lower than the 2021 timespan and it can be because of bearish market
Hope you Enjoyed 🖤

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✍️Contact Info!

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