Seasons in the City
It’s autumn in the Northern Hemisphere. What season is it in the City of NEAR?
Two bar charts above shows daily transactions and daily unique users of NFT markets, both has bearish trend as their major trend but as we see number of transactions decreases with lesser steep compared to number of unique users in which it decreased from 7k transactions on July to 3k transactions on October, on late September and early October we see spikes in number of transactions of market places.
Number of unique users decrease steep is more than transactions decrease steep and it is more consistent with lesser spikes(only one occurred on mid September) in which it decreased from 700 unique users on July to 300 unique users on October.
Methodology
In this dashboard we are gonna asses the state of governance on NEAR in terms of decentralization basing on a different metrics:
- Distribution of staking actions
- Distribution of staking by validators
- Power distribution by validator ranks
- Most common staking actions currently and over time
- Evolution of Nakamoto coefficient

- Area charts drawn above to show volume and number of stakes over time and both has increasing trend.
- Amount of stakes maxed out on Aug 31 with 2.7*10^31 $NEAR
Area charts above drawn to show daily usages and daily users of nft.endlesss.near of NEAR network and as we see both has steady trend with spikes that peeks on September, though spikes on usages of the NFT market’s chart is more volatile and they go higher than spikes on users of the NFT market’s chart, for example usages increases 150 times on September 8th in just three days but user chart stays between 1 and 2 users for most of time frame.
Usages chart maxed highest on September 8th with 447 transactions.
User chart maxed highest on September 12th with 4 users.
In this part of the dashboard in which we observe daily amounts of three metrics, and as we see both transactions and transaction fees has similar trends which both mega trend is decreasing except three occasions that their chart spiked very high, they happened on early September and late September and early October on both charts, Number of transactions reached its highest on September 24 with 18.6K transactions and transactions fee reached its highest on September 25 with 21 $NEAR.
User chart also has a decreasing trend but with more slope with only 1 major spike that happened on September 14 with 852 users.
In bar chart above daily transactions done in each DEX is shown and as we can see until Sep 5, 2022 most days has transactions lower than 5K but towards end of September and October we see increasing trend in which three DEXs of prep.spin-fi.near, boostfarm.ref-labs.near and spot.spin-fi.near plus some other DEXs were responsible.
Most of transactions was occurred on 2022/10/04 with 10,233 transactions on v2.perp.spin-fi.near.
Conclusion
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wNEAR was also by far the most active token during the past 90 days on Burrow with the most total number of users, transactions and also volume of different actions.
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The token with the most positive net flow volume during the past 90 days is USDT. Maybe it's because that Tether has recently launched its token (USDT) on NEAR Protocol and users, were exited to use it.
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During the past 90 days, users mainly focus on Repaying their borrowed assets or withdrawing their deposited assets on Burrow and they do not tend so much to perform major actions like Deposit and Borrow. (However, Borrow volume is kinda high on Burrow during the past 90 days but not as high as repayments)
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USN was the most withdrawn token from Burrow during the past 90 days while wNEAR and stNEAR were the tokens with the most deposits. (in terms of the number of actions)
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USDC and wNEAR were the most repaid and also borrowed tokens during the past 90 days on Burrow. (in terms of the number of actions)
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wNEAR has by far the most volume of repayments and also borrows on Burrow during the past 90 days among all other tokens on this protocol.
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stNEAR has had the most volume of Deposits and Withdrawals on Burrow during the past 90 days.
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The total trend of the number of different actions (Deposit, Borrow, Repay, and Withdrawal) on Burrow is slightly decreasing over time. There is decreasing high-volume deposit actions overtime on this protocol but on the other hand, there are increasing high-volume borrow actions over time.
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The staking activity of BRRR token on Burrow has decreased dramatically overtime during the past 90 days but still has not a very low decreasing trend on its volume of stakes.
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