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Q4. Once you’ve bridged to NEAR, what is a user’s first activity? Chart the protocols that users are leveraging after porting tokens through the Rainbow Bridge specifically
Introduction:
NEAR Protocol is a software that aims to incentivize a network of computers to operate a platform for developers to create and launch decentralized applications.
Central to NEAR Protocol’s design is the concept of sharding, a process that aims to split the network’s infrastructure into several segments in order for computers, also known as nodes, to only have to handle a fraction of the network’s transactions.
By distributing segments of the blockchain, rather than the complete blockchain across network participants, sharding is expected to create a more efficient way to retrieve network data and scale the platform.
NEAR operates in a similar manner to other centralized data storage systems like Amazon Web Services (AWS) that serve as the base layer on which applications are built. But rather than being run by a single entity, NEAR is operated and maintained by a distributed network of computers.
Just as AWS allows developers to deploy code in the cloud without needing to create their own infrastructure, NEAR Protocol facilitates a similar architecture built around a network of computers and its native cryptocurrency, the NEAR token. [1]
[1] :
Method:
1-Show what is a user’s first protocols usage after bridging to near in less than a day
2-Show 10 Most popular protocols after a week bridging to near
3-Show Most popular actions after bridging to near less than a day
4-Show 10 Most popular actions after a week bridging to near
5-Calculate Near average time duration between transactions after bridging to near
6-Show User retention after bridging to Near
We can see that less than a day after bridging to Near ref finance is the most popular protocol and also skyward is the popular protocol less than a day after bridging to near
After a week bridging to Near ref finance is most popular protocol again and the second popular protocol is aura.and other protocols shown in the chart
Less than a day after bridging to Near transfer tokens is the most popular actions and swapping is the second most popular action.
But after a week bridging to Near swapping is the most popular actions and submitting is the second most popular action
Well, I calculated the average time duration between transactions after bridging to Near and It’s about 13 hours time interval between a user transactions
Most users transacted less than a day after their first transaction after bridging to Near and very few users transacted less than a week after bridging
Conclusion:
1-less than a day after bridging to Near ref finance is the most popular protocol and also skyward is the popular protocol less than a day after bridging to near
2-After a week bridging to Near ref finance is most popular protocol again and the second popular protocol is aura.and other protocols shown in the chart
3-Less than a day after bridging to Near transfer tokens is the most popular actions and swapping is the second most popular action.
4-But after a week bridging to Near swapping is the most popular actions and submitting is the second most popular action
5-I calculated the average time duration between transactions after bridging to Near and It’s about 13 hours time interval between a user transactions
6-Most users transacted less than a day after their first transaction after bridging to Near and very few users transacted less than a week after bridging