Introduction

The day that many citizens of the City of Near had been waiting for finally arrived late last year. As of December 19, 2022, NEAR is compatible with MetaMask, marking the first time a non-EVM chain has offered compatibility with the popular ETH wallet. This was made possible by a smart contract called NETH.

What is NETH on Near?

NETH is a contract launched on the Ethereum network and designed to interact with the Near blockchain through a browser extension such as MetaMask. NETH is not the native token of the Near Protocol but rather an ERC-20 token that bridges the Ethereum and Near networks.

Users can acquire NETH on the Ethereum network and then use it to interact with decentralized applications (dApps) built on the Near Protocol. This allows users to take advantage of the features and capabilities of the Near blockchain while still being able to hold and use their assets on the Ethereum network.

Now that the contact and ensuing compatibility of NETH has been live for nearly three months, it's time to dive deeper into the data. I created this dashboard monitoring NETH's adoption and usage.

Author

Gmail: ftmkhodabande@gmail.com

Twitter: @busygirlcom || Discord: Jinx#6675

Special thanks to my friend camp#4286

Approach

Data source: Flipside’s DB (NEAR core, near.core.fact_transactions table)

where clauses: tx_receiver = 'nethmap.near' and tx_signer != 'nethmap.near'

Analysis period : since of December 19, 2022 till March 01, 2023