Try Quests to earn NEARNew and Improved Transparency Report
👀 Observation 1.1
The Daily Number of Active Accounts is a measure of how many wallets on NEAR are making transactions on chain. Over the last 2 month, the number of daily active accounts has been on average, above 25.7 K, remaining consistent across 2 month.
Looking at the quarter, the highest day for new account creation in Q3 was Dec 6 where 1135 new wallets were created in one day.
👀 Observation 1.2
The Daily Number of Active Accounts is a measure of how many wallets on NEAR are making transactions on chain. Over the time, the number of daily active accounts has been on average, above 65 K .
Historically, as the chart shows, this is a decline from highs of more than 100 K active accounts on the network. The highest number of active accounts on any one day in Q3 this year was logged on September 14, where 182.3 K accounts were active.
👀 Observation 2.1
Contracts on NEAR are simply programs stored on a blockchain that run when predetermined conditions are met. The Daily Number of New Contracts is a valuable metric for understanding the health and growth of an ecosystem.
The more active contracts there are, the more projects are actively engaging with the NEAR protocol. The chart below shows a cyclical rhythm to new contracts, with rises and falls a common occurrence. Over the time, the number of new contracts has risen from a low of 1 new contracts on November 12 to a high of 42 new contracts on December 4. and total new contract was 505.
👀 Observation 2.2
Active contracts is a measure of contracts that execute in a 24 hour period. This number has remained consistent throughout the over time with an average of 46.3 K active contracts on the NEAR network. The highest number of active contracts on any one day in Q3 this year was logged on September 13, where 139.62 K contract were active.
👀 Observation 3.1
Gas Fees are a catch all term for the cost of making transactions on the NEAR network. These fees are paid to validators for their services to the blockchain. Without these fees, there would be no incentive for anyone to keep the network secure.The Daily Amount of Used Gas has increased, briefly topping 16,000 PetaGas, before returning to the weekly average of just over 7,000 PetaGas.
- Total transaction fee was 73.3 K Near and $221 K.
- Total gas used was 751 M.
👀 Observation 4.1
The daily transaction count is a record of the number of times the blockchain has recorded a transaction. The data shows that the daily transactions had a downward trend and in the middle of September, the average was more than 870 K transactions per day. Since then, this number has dropped sharply and is now below 270 K.
❓New and Improved Transparency Report
Each week, the NEAR Foundation publishes publish data to help the NEAR community understand the health of the ecosystem as part of their Transparency Report.
We want your help in making the NEAR ecosystem even more transparent. How can you improve on the existing NEAR Transparency report?
Explain which metrics should be taken into consideration and why. Then, analyze those metrics over the last several weeks and draw your own conclusions on the health of the NEAR ecosystem
Grand prize winning dashboards will go above and beyond the existing report, allowing readers to get the best possible snapshot of NEAR, its users, and its ecosystem.
The Transparency Report is available at here.
📝 Introduction
What is Near protocol blockchain?
Near Protocol is a decentralized application (DApp) platform that focuses on usability among developers and users. As a competitor of Ethereum, NearProtocol is also smart-contract capable and a proof-of-stake (PoS) blockchain.
Near uses sharding technology to achieve scalability, a core aspect discussed later. The native token, NEAR, is used for transaction fees and storage on the Near crypto platform. Tokens can also be used for staking by NEAR tokenholders who wish to become transaction validators and help achieve network consensus.
Near was built by the NeaCollective and conceptualized as a community-run cloud computing platform designed to host decentralized applications. It was also built to be both developer and user-friendly, hence having features such as account names that are human-readable (instead of cryptographic wallet addresses).
How does Near Protocol work?
Decentralized applications have boomed in the crypto community, with DApps that run the gamut from games to financial services. However, it has also become apparent that scalability remains a problem in most blockchains.
The issue of scalability is common among blockchains, especially among older ones such as Bitcoin and Ethereum. The challenges are mainly brought about by blockchains' difficulty in handling large numbers of transactions at fast speeds and manageable costs.
Projects such as Near seek to address this issue by building an entirely new blockchain using a different architecture. Near’s solution to the problem was implementing sharding.
By using the sharding strategy, Near is able to break up the blockchain into smaller more manageable segments. This reduces the burden on the network by reducing computational load, resulting in an increased throughput of transactions.
As mentioned earlier, the Near protocol uses a PoS system. Nodes interested in becoming transaction validators stake their NEAR tokens to be considered for participation. Token holders may also delegate their stake to their chosen validator if they do not wish to operate a node.
Generally, validators with larger stakes hold more influence in the consensus process. Validators on Near are chosen via an auction system and are chosen at every epoch, typically a 12-hour interval.
Meanwhile, DApps can be built on Near, just like on Ethereum. This is made possible by Near’s cloud infrastructure, which combines serverless computing and decentralized data storage. Nea operates using hundreds of globally-located servers.
✍🏻 Methodology
- In this dashboard, i use 5 table:
near.core.fact_actions_events_function_call→ used for checking create wallet function .crosschain.core.fact_hourly_prices→ used for geting Near price.near.core.fact_receipts,near.core.fact_actions_events→ used for calculating count of new wallet and new contract .near.core.fact_transactions→ used for calculating count of active wallet , active contract , transaction count , gas used and transaction fee.
📃 Purposes of dashboard
In this dashboard, Near protocol is analyzed :
- Total , Daily and cumulative count of new wallet vs near price on near.
- Total , Daily and cumulative count of active wallet vs near price on near.
- Total , Daily and cumulative count of new contract vs near price on near.
- Total , Daily and cumulative count of active contract vs near price on near.
- Total and Daily gas used , transaction fee (Near) and transaction fee (USD).
- Total , Daily and cumulative count of transaction vs near price on near.
📃Contact Data
Discord : Abolfazl#2441
Email : Abolfazl.yeganeh77@gmail.com
Twitter : profile
Twite of this analyze : Link
thanks for MetricsDao and Flipsidecrypto team