✨Introduction

NEAR is a decentralized platform that provides a scalable and secure infrastructure for building decentralized applications. It uses sharding technology to increase the network's capacity and allow for fast and inexpensive transactions. NEAR aims to make it easy for developers to build and deploy decentralized applications and provide a user-friendly experience for end-users.

By tracking the behavior of the top 100 most profitable traders in the NEAR ecosystem, we can gain valuable insights into where smart money is flowing in the NEAR ecosystem and the types of NFTs and NEAR tokens that are most in demand.

The holding time of NFTs and NEAR tokens refers to the amount of time that a trader holds onto an asset before selling or trading it. This metric can provide insights into the trader's investment strategy and risk tolerance. For example, if the holding time is short, it may indicate a more speculative approach, while a longer holding time may indicate a more long-term investment strategy.

By tracking the holding time of NFTs and NEAR tokens among the top 100 most profitable traders in the NEAR ecosystem, you can gain valuable insights into the types of investment strategies being employed and the overall sentiment of the market. This information can be useful for anyone looking to invest in or understand the NEAR ecosystem.

🛠️ Method

This dashboard was created in two pages and dealt with NFT interaction and NEAR token trading by the top 100 whales based on the most profit gained by trading NFTs and NEAR tokens.After identifying the top 100 most profitable traders, I tried to track their behaviors throughout the NEAR ecosystem to find the destination of smart money in the NEAR ecosystem over the past 14 days. For this purpose I used near.core.fact_receipts, near.core.ez_dex_swaps and near.core.fact_transactions tables to evaluate the holding time of NEAR tokens and NFTs, most traded tokesn and NFTs and gained profit volume and transactions count.

🌡️ Analysis 🔎

✍🏻 Conclusion

Based on the dashboards' information, the following conclusions can be drawn:

• The NEAR token trading is highly active and lucrative, with the top 100 traders making substantial profits ranging from 1000 to 6000 $NEAR.

• The majority of traders only hold NEAR tokens for 10 days or less, which suggests a short-term trading approach.

• The tendency to swap stablecoins such as USDC and USDT to NEAR suggests that traders believe NEAR's current price is undervalued.

• Whales transactions are mostly restricted to DeFi platforms, staking, and moving funds from one wallet to another.

• NFT trading on NEAR appears to be slow and less volatile, with only a small group of traders making substantial gains.

• The highest percentage change in 7 days was observed in the nft.thedones.near collection with an increase of almost 8x.

• Overall, the findings suggest that the NEAR ecosystem is highly competitive and dynamic, with a concentration of profits among a small group of traders who have the knowledge and capital to make substantial gains.

About:

• Author: HaM☰d

• Discord: 0xHaM☰d#8391

• Twitter: @arjmandi_hamed

• Email: h_arjmandi2012@yahoo.com

🚗 Traffic & Interactions

How are the users spending their time? Is there a notable difference between whales and non-whales?

Interactions with DeFi products

Other transactions such as staking, transfers, bridging, etc…

As expected, whales transactions are mostly restricted to DeFi platforms, staking and moving funds from one wallet to another, whether that is on or off chain.

Some whales use DeFi devices, but for the valuable part whales just "stake and forget."

And finally,

NFTs are a far more significant factor in the Whales favorites and dramatically increased their traffic on these field since late Jan.

So, let's look at their NFTs inteactions on the next page.

⏳ Overview

Based on the graphs above, it appears that the top 100 NEAR traders on have made large profits, with most making between 1000 and 6K $NEAR, while according to the PIE charts out of top 100 most profitabe tedares, 55% of other traders gained less than 10 NEAR profit.

The NEAR swapping appears to be very active and lucrative. Short-term trading activity is also strongly indicated by the statistics, which next PIE chart demonstrates that the majority of traders only hold tokens for 10 days or less(31.27% less than 10 day and 31.44% 10 to 50 days). Compared to longer-term investing techniques, where tokens might be held for several weeks or months, this is a far shorter time horizon. In addition, just 4 wallets have gains of over 6K NEAR, suggesting that traders' earnings are highly concentrated. This may indicate that just a small group of traders on NEAR's market possess the necessary knowledge and capital to make substantial gains. The investigation as a whole sheds insight on the ever-evolving and competitive character of the DEXs, where short-term trading tactics can provide sizable profits but where a few traders control a disproportionately large amount of the market's gains.

The charts below shows the gained profit volume by top 100 most profit addresses, as can be seen the Feb 2th was the most profitable day for top 100 traders in terms of profit volume.

🔥 Most Popular Traded Pairs

The charts above and following PIE charts represent the most popular tokens as destinations and origins for NEAR swapping pairs.As can be seen, the most transactions and volume executed to swap stablecoins such as USDC and USDT to NEAR can indicate top traders' tendencies to buy more NEAR and the expectation of a higher NEAR price, implying that the current NEAR price is undervalued. 

The following table and charts confirmed these findings, too.