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Overall comparison between Paras and the other projects
Using this chart, we can have a summary of what we had before of the above charts.
Using the above charts, we can also conclude that the dominance of Paras on NEAR has been on a decline since February 2022. This can be concluded by looking at the different normalized charts over time.
Number of transactions, users, amount of transaction fees and used Gas
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In the number of transactions, we can see that Paras has about 2% of total transactions. And the maximum share of Paras transactions on Near transactions was during February 2022, when it reached about 10% of total near transactions in a single day.
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In the case of the number of users, Paras also has about 2% of the total Near Users, and the maximum share of Paras users on Near users was during February 2022, when it reached more than 20% of total near users in a single day.
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In the case of transaction fees, Paras has more than 2% of the total fees on Near protocol, and the maximum share of Paras fees on Near fees was during March 2022, when it reached about 10% of total near fees in a single day.
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But unlike users and transactions, we have a steady share of the total fees in case of fees.
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In the case of Used Gas, Paras also has about 2% of the total Used Gas on Near protocol, and the maximum share of Paras used Gas on Near used Gas was during October 2021 when in a single day, it reached about 50% of total Used Gas on Near protocol.
New wallets and users
Looking at the above chart, we can understand that the new user acquisition seems to have hit a local plateau since beginning of 2022, but after then the share of Paras New Users on whole Near protocol started decrease that is currently is less than 1% of total users.
Also, in the case of New users, Paras has about 1.6% of total New Users on Near blockchain.
Methodology
In this dashboard we will try to look into the following parameters to gather information about Paras impact and its contributing on NEAR protocol, and finally we will try to include brief recommendations on how this project could maximize its impact. :)
- Paras number of transactions, users and amount of transaction fees and used Gas.
- Paras share on Near transactions, users and amount of transaction fees and used Gas.
- Overall comparison of different parameters between Paras and other projects on Near.
- New users
- Most popular transactions on Paras
- Most popular NFTs on Paras
Conclusion
During this dashboard we compared Paras with other projects on Near protocol on several parameters and our key foundings are:
- In February 2022, Paras had a considerable share of transactions, users, transaction fees, and used gas.
- Since March 2022, Paras' popularity and impact on Near blockchain started to decrease, so currently, it is responsible for %1 of Near transactions, which is far smaller than its maximum amount when it had about 20% share of total transactions.
- Also, new users hit a local plateau at the beginning of 2022, but after then, the share of Paras New Users on the whole Near protocol started to decrease, which is currently less than 1% of total users.
- “nft_set_series_price” is the most popular transaction on Paras.
- NearnautNFT is the most popular traded NFT project on Paras.
What is Paras marketplace?
Paras is an all-in-one digital collectible marketplace powered by the NEAR Protocol and IPFS/Filecoin. Thanks to the NEAR Protocol, Paras can deliver the ideal combination of speedy and very low-cost transactions while maintaining efficiency and security. Paras is designed to allow all projects in its platform to be automatically linked on its marketplace and support secondary sales transactions.
Recommendations on how this project could maximize its impact
Since we are currently in a Bear market, users are afraid of investing in risky markets like cryptocurrency and NFTs, so there is not much that Paras can do to maximize its impact on Near blockchain. But since it is on a low-cost and secure blockchain like Near, we can hope with the beginning of the bull market; it will regain its popularity on the Near Blockchain. Also, as I noticed from its road map and founders’ interview, Paras plans to leverage comics culture and fandom to onboard more and more users, paving the way for future NFT offerings. As co-founder “Riqi” mentioned, “We are currently working with a lot of different studios, from comic series, obviously, to Game Studios and IP [intellectual property] studios,” Riqi says. “You can’t add more features to the Paras NFT marketplace, so in the next three to six months, we’ll launch several smaller projects.”