\

Introduction

• The NEAR protocol is a sharded, proof-of-stake, layer-one blockchain that is simple to use, secure and scalable.A vast number of applications, infrastructure and support built by an ever-expanding network of developers, entrepreneurs and creatives.
• Ethereum is a decentralized blockchain platform that establishes a peer-to-peer network that securely executes and verifies application code, called smart contracts. Smart contracts allow participants to transact with each other without a trusted central authority.

\n

In this dashboard, 2 parameters, the number of ==pools== and ==traders== in the swap, have been checked to see how these parameters have been over time, and these parameters have been compared with the Ethereum network.

Definition of parameters:

1. Pools: DeFi activities such as lending, borrowing, or token-swapping rely on smart contracts—pieces of self-executing codes. Users of DeFi protocols "lock" crypto assets into these contracts, called liquidity pools, so others can use them
2. Traders: A crypto-trader is someone who profits from short-term changes in the market price of cryptocurrencies, altcoins, and value tokens. The goal, of course, is to buy when prices are low and sell when they rise higher. Trading can be lucrative, and many people have made fortunes doing it.

Methodology

• The NEAR ecosystem is rapidly expanding; each project on the platform attracts additional users and developers who can benefit from the ecosystem’s technologies. With a transaction cost of $0.1 and a transaction processing speed of 100,000 transactions per second. NEAR is a great place to start deploying decentralized exchanges. so i decided to check status of DEXs so that if we see that parameters defined in the dashboard are increasing or decreasing, we can answer that if we have performance of parameters of DEXs in good status so means that NEAR has been successful in decentralizing it’s network.
• Parameters are:
  • 1)number of transactions on DEXs
  • 2)number of unique users on DEXs
  • 3)fee amount paid on DEXs

and each of these parameters has been checked on three time frames including daily, weekly and monthly to see how has these parameters performed in small and large scales of time frames.

• Also this code gave me the data of DEXs on NEAR:

  where TX_RECEIVER LIKE '%v2.ref-%' OR TX_RECEIVER LIKE '%-finance.near' OR TX_RECEIVER IN ('boostfarm.ref-labs.near','berryclub.ek.near','v3.oin_finance.near', 'farm.berryclub.ek.near','contract.main.burrow.near','v1.jumbo_exchange.near', 'farm-draw.cheddar.near','farming-v1.jumbo_exchange.near','v1.pembrock.near', 'spot.spin-fi.near','contract.beta.burrow.near','p1-farm.cheddar.near', 'p2-cheddar.cheddar.near') and TX_STATUS='Success'

• Area chart on the left side which shows us monthly total users of swap platforms since September 2021 until November 2022 and as we see it is decreasing constantly from 18K users on October 2021 to 31 users on October 2022.
• Area chart on the right side which shows us monthly total transactions of swap platforms since September 2021 until November 2022 and as we see it is decreasing constantly from 310K transactions on October 2021 to 47k transactions on October 2022.

As we see above Ethereum has higher numbers of unique pools and unique traders in which number of unique pools of Ethereum is 57K and NEAR is 472, number of unique traders on Ethereum is 216K and on NEAR is 31K

\n

Conclusions

1. Considering that the swap in DEX is one of the parameters that determines which network moves towards decentralization, in this context, according to the investigated parameter, NEAR must do a lot of work to move towards decentralization.
2. Total number of unique pools and traders of NEAR is much lower than Ethereum, as one of the most decentralized ecosystems on crypto, so we can say that NEAR still needs much more effort in this part to gain more decentralization like Ethereum.
3. Unique traders on NEAR has been decreasing almost constantly since the start, this shows not a good sign in process of decentralizing but its unique pools increased for few month which is a good sign of gaining decentralization, this is also true for new traders and new pools on NEAR.
4. Total number of unique first and second tokens of swap pairs of NEAR is much lower than Ethereum, as one of the most decentralized ecosystems on crypto, so we can say that NEAR still needs much more effort in this part to gain more decentralization like Ethereum.
5. Swaps on NEAR has been decreasing almost constantly since the start, this shows not a good sign in process of decentralizing.

Daily number of unique users that has been transacted on DEXs of NEAR and it’s cumulative chart is shown on the left side and as we see at first month of September 2021 growth of transactions on cumulative chart was so rapidly, in which it got from 1.5K users to 43K users in 30 days, and moving forward its growth speed decreases.

and as we see over all trend of number of users is bearish which maxed out on Oct 26, 2021 with 4,328 users and decreased since.