The adoption of cryptocurrencies has been steadily growing, with stablecoins playing a vital role in providing stability and liquidity within the crypto ecosystem. Among these stablecoins, Tether (USDT) has emerged as one of the most popular and widely used.

In this analysis, we delve into the usage of USDT on the NEAR platform, a blockchain-based platform that aims to provide a decentralized infrastructure for building and deploying applications.

By examining the distribution of users, transaction volumes, and USDT amounts across different platform types on NEAR, we gain insights into the preferences and patterns of USDT utilization within the NEAR ecosystem. This analysis sheds light on the popularity and adoption of USDT within DeFi, centralized exchanges, and decentralized exchanges on NEAR.

When examining the total number of users per platform type on NEAR who utilized USDT, it was observed that the highest number of users, approximately 1.09k, were engaged in the DeFi sector. This indicates a strong preference for USDT within the DeFi community on NEAR. Following DeFi, the second-highest number of users, totaling 97, were utilizing USDT on CEXs. Finally, DEXs on NEAR had the third-highest number of users, with 29 individuals utilizing USDT.

This distribution highlights the popularity and adoption of USDT across different platforms within the NEAR ecosystem.

When analyzing the total number of transactions on NEAR that involved the usage of USDT, it was found that the majority of transactions, totaling 4.29k, occurred within the DeFi platform. This suggests a significant reliance on USDT for various DeFi activities on NEAR. Following DeFi, the second-highest number of transactions, reaching 105, took place on CEXs where users utilized USDT. Lastly, DEXs on NEAR accounted for 97 transactions involving USDT.

This data highlights the widespread use of USDT for transactions across different platforms within the NEAR ecosystem.

When examining the total USDT amount transferred per platform type on NEAR, it was observed that the majority of USDT transfers, amounting to 10.5 million USDT, occurred within the DeFi platform. This indicates a substantial volume of USDT being utilized for various DeFi activities on NEAR. Following DeFi, the second-highest amount of USDT transferred, totaling 414k USDT, was observed on the chadmin platform. The third platform type in terms of USDT amount transferred was dapp, with a total of 140k USDT.

Furthermore, considering the average USDT amount per platform type, the first platform type with the highest average was chadmin, with an average of 17.2k USDT per transfer. The second platform type in terms of average USDT amount was NFT, with an average of 12.6k USDT. Lastly, the third platform type in terms of average USDT amount was dapp, with an average of 3.41k USDT. These figures provide insights into the average transaction sizes and highlight the varying levels of USDT utilization across different platform types on NEAR.

When analyzing the total number of users who utilized USDT on NEAR per platform, it was found that the platform with the highest number of users was Ref Finance, with a total of 725 users engaging with USDT.

The second platform in terms of user count was Orderly Network, with 289 users utilizing USDT.

Finally, Burrow ranked as the third platform with 99 users who used USDT.

These numbers indicate the popularity and adoption of USDT among users on different platforms within the NEAR ecosystem.

When examining the total number of transactions that involved the usage of USDT per platform on NEAR, it was observed that Ref Finance had the highest number of transactions, with a total of 3.24k transactions utilizing USDT.

The second platform in terms of transaction count was Burrow, with 846 transactions involving USDT.

Finally, Orderly Network ranked as the third platform with 304 transactions that used USDT.

These numbers highlight the significant transactional activity and the widespread use of USDT within these platforms on NEAR.

When examining the total USDT amount per platform on NEAR, it was found that Ref Finance had the highest USDT amount, totaling 6 million USDT.

The second platform with the highest USDT amount was Burrow, which amounted to 3 million USDT.

Lastly, Orderly Network had a total USDT amount of 1.2 million USDT.

In terms of average USDT amount per platform, Multichain had the highest average with 25k USDT per transfer.

The second platform with the highest average USDT amount was Near, with an average of 17.2k USDT.

Finally, Mr. Brown ranked as the third platform with the highest average USDT amount on NEAR, which was 12.6k USDT.

These figures provide insights into the total and average USDT amounts per platform, highlighting the varying levels of USDT utilization and transaction sizes within the NEAR ecosystem.