City Amidst the Storm
Provide a thoughtful analysis of how NEAR is weathering the market turbulence that occurred as a result of FTX’ insolvency.
Pie chart above shows volume of stakes and unstakes on Near network, and as we see stakes with ~27.6M are 2.11 times more than volume of unstakes.
Pie chart above shows number of stakers and unstakers on Near network, and as we see stakers with 4,849 are 3.54 times more than number of unstakers.
Pie chart above shows number of stakes and unstakes on Near network, and as we see stakes with 6,084 are 3.31 times more than number of unstakes.
- This is a positive sign of network health, as double the amount of users are choosing to stake rather than unstake
- ==Although the quantities are important here, for the sake of diversification, it is important to have a wide number of users be the ones with staked assets==
- In each of the last 14 days, there have been more unique stakers than unique unstakers
On pie chart above depicted to show top 10 users with most sold NFTs on Near block chain, skywalletapp.near has most sold NFT with 41.5% of all sold NFTs by top 10 sellers which is around 48K sales.
It’s NFT sales is 2.5 times mores than second most seller which is mutantsnft.near.
Pi chart on the right side visualises top 10 tokens which NEAR swapped into them based on the volume of swaps and as we see USDT with 55.4% of volume of top 10 tokens is dominant token with more than 4M volume.
Second token with most swapped volume is USDC with 26.1% and 1.9M.
Pi chart on the right side visualises top 10 tokens which swapped into NEAR based on the volume of swaps and as we see USDT with 54.4% of volume of top 10 tokens is dominant token with 3.8M volume.
Second token with most swapped volume is USDC with 25.2% and 1.9M.
Methodology
Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other.
As we know NFTs as one of the main aspects of each block chain and is a proper field to observe how a block chain acted in times of fear such as last week’s market crash. so I have measured NFT sales and NFT sellers on 4 block chains of Near, Ethereum, Solana and Flow to see how they acted compared to each other.
Introductions
Total and daily status of stake and unstake metrics of Near and Solana has been reviewed in this dashboard which includes ==volume==, ==number== and ==unique users== of stakers and unstakers on Near and Solana, and by calculating and comparing these metrics we can have a understanding of how these chains performed compared to each other in market crash of last week, to see if users kept their crypto assets in them or panicked and sold or moved their assets.

Conclusions
-
And we saw that most swaps happened on last week with having NEAR and ETH as one side of swaps has been swapped into or from Stable coins which shows fear of losing their asset value that shows instability of these networks.
-
Near has more ratio of number of stakers to number of unstakers than Solana which shows that Near is more successful than attracting stakers to it’s network than Near
-
Near has more ratio of number of stakes to number of unstakes than Solana which shows that Near is more successful than attracting number stakes to it’s network than Near
-
Volume of stakes is dominant on Near network and it has been increasing and volume of unstakes is decreasing, unlike Solana that volume of unstakes on its network is dominant with increasing trend, this situation is also true for users and numbers of stakes of Near and Solana which shows that Solana had a weak performance in attracting users to stake on its network and Near was much more successful to keep it’s users staking on it’s network
-
An apparent trend in the area graph above shows that the number of unique unstakers are consistently less than the number of stakers
-
This is a positive sign of network health, as double the amount of users are choosing to stake rather than unstake
NFT sales on Near increased more significant than other block chains in last 8 days which tells us that users and NFT holders on NEAR block chain sold their NFTs in order to change their belongings to more sustainable assets, and on other block chains we see more decreasing trend for their NFT sales and sellers.