NEAR - 11. Insight of the Week

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    • Line chart on the left compares daily new user count vs daily price and as we see both has almost coordinated trends which both are decreasing.
    • New user count maxes out on Jan 28 with 11K new users and decreases towards 9.5K new users on Feb 3 which shows price has direct affect on it and they move with same trend.
    • Line chart on the left compares daily transfer deposited volume vs daily price and as we see deposited volume has fluctuated trend unlike price chart.
    • Deposited volume increases and maxes out on Jan 30 with 37M and then decreases towards same volumes that it’s chart started with which shows price chart has no affect on it.

    Untakes

    Stakes

    Transfers

    Transactions

    Approach

    In this dashboard, we will check how the increase in the price of $NEAR token in the last two weeks has affected the number of transactions and new users, etc. Also, which parameter has a direct relationship with it’s price and which has no relationship at all.

    Main observed parameters are Transactions, Transfers, Stakes and Unstakes in which each metric ofthese parameters are as follows:

    1. Transactions**:** ==daily count==, ==daily fee==, ==daily user count==, ==daily receiver count== and ==daily new user count==
    2. Transfers: ==daily count==, ==daily fee==, ==daily user count==, ==daily receiver count== and ==daily deposit volume==
    3. Stakes and Unstakes: ==daily count==, ==daily volume== and ==daily user count==

    Key Conclusions

    • On observed metrics of Transactions we saw that it’s count, user count, receiver count and new user count moves same as it’s price which shows direct influence of price on these metrics and only it’s fee volume behaves opposite of price chart.
    • On observed metrics of Transfers we saw that it’s count, user count, receiver count and deposited volume moves same as it’s price which shows direct influence of price on these metrics and only it’s fee volume behaves opposite of price chart.
    • All observed metrics of Stakes behaves opposite of price chart which shows price has opposite affect on this parameter.
    • On observed metrics of Unstakes we saw that it’s count and user count moves same as it’s price which shows direct influence of price on these metrics and only it’s volume has fluctuated trend.
    • Fee volume of transfers and transactions acts opposite of other metrics of their parameter.
    • Over all observation tells us that price chart has direct influence on Transactions, Transfers and Unstakes, and has opposite influence on Stakes.
    • Line chart above compares daily transaction count vs daily price and as we see both has almost coordinated trends which both are decreasing.
    • Transaction count maxes out on Jan 24 with 466K transaction and decreases towards 433K transactions on Feb 3 which shows price has direct affect on it and they move with same trend.
    • Line chart above compares daily transaction fee volume vs daily price and as we see both has opposite relationship in their trends which price is decreasing and transaction fee is increasing.
    • Transaction fee volume increases in last 2 week and maxes out on Feb 2 with 717 fee volume which is opposite of price chart which maxes out early and decreases towards Feb 3.

    In charts below I’m comparing price chart of NEAR with 5 metrics of Transactions on NEAR network in last 2 weeks, and as we see $NEAR price has decreasing trend which maxes out on Jan 23 with $2.577 and then decreases.

    • Line chart above compares daily distinct user count vs daily price and as we see both has almost coordinated trends which both are decreasing though user count jumps highest compared to its previous spikes in it’s last spike on Feb 2.
    • Transaction’s distinct user count decreases same as price until Jan 31 and after that maxes out on Feb 2 with 84K distinct users, so we can say that it moves almost coordinated with price.
    • Line chart above compares daily transaction receiver count vs daily price and as we see both has coordinated trends which both are decreasing.
    • Transaction receiver count maxes out on Jan 24 with 29K distinct receivers and decreases towards 24K distinct receivers on Feb 3 which shows price has direct affect on it and they move with same trend.

    In charts below I’m comparing price chart of NEAR with 5 metrics of Transfers on NEAR network in last 2 weeks, and as we see $NEAR price has decreasing trend which maxes out on Jan 23 with $2.577 and then decreases.

    • Line chart above compares daily transfer count vs daily price and as we see both has almost coordinated trends which both are decreasing.
    • Transfer count maxes out on Jan 24 with 457K transfers and decreases towards 424K transfers on Feb 3 which shows price has direct affect on it and they move with same trend.
    • Line chart above compares daily transfer fee volume vs daily price and as we see they has opposite relationship in their trends which price is decreasing and transaction fee is increasing.
    • Transfer fee volume increases in last 2 weeks and maxes out on Feb 2 with 1,079 fee volume which is opposite of price chart which maxes out early and decreases towards Feb 3.
    • Line chart above compares daily distinct transferrer count vs daily price and as we see both has almost coordinated trends which both are decreasing though transferrer count jumps highest compared to it’s previous spikes in it’s last spike on Feb 2.
    • Transfer’s distinct user count decreases same as price until Jan 31 and after that maxes out on Feb 2 with 80K distinct transferrers, so we can say that it moves almost coordinated with price.
    • Line chart above compares daily transfer receiver count vs daily price and as we see both has coordinated trends which both are decreasing.
    • Transfer receiver count maxes out on Jan 24 with 24K distinct receivers and decreases towards 19K distinct receivers on Feb 3 which shows price has direct affect on it and they move with same trend.
    • Line chart above compares daily stake count vs daily price and as we see they has opposite relationship in their trends which price is decreasing and stake count is increasing.
    • Stake count increases in last 2 weeks and maxes out on Feb 2 with 505 stakes which is opposite of price chart which maxes out early and decreases towards Feb 3.
    • Line chart above compares daily stake volume vs daily price and as we see they has opposite relationship in their trends which price is decreasing and stake volume is increasing.
    • Stake volume increases in last 2 weeks and maxes out on Feb 1 with 1.8M which is opposite of price chart which maxes out early and decreases towards Feb 3.
    • Line chart above compares daily staker count vs daily price and as we see they has opposite relationship in their trends which price is decreasing and staker count is increasing.
    • Staker count increases in last 2 weeks and maxes out on Feb 2 with 421 stakers which is opposite of price chart which maxes out early and decreases towards Feb 3.
    • Line chart above compares daily unstake count vs daily price and as we see both has almost coordinated trends which both are decreasing.
    • Unstake count maxes out on Jan 23 with 278 unstakes and decreases towards 154 unstakes on Feb 3 which shows price has direct affect on it and they move with same trend.
    • Line chart above compares daily unstaked volume vs daily price and as we see unstaked volume has fluctuated trend unlike price chart.
    • Unstaked volume increases and maxes out on Jan 30 with 1.3M and then decreases towards same volumes that it’s chart started with which shows price chart has no affect on it.
    • Line chart above compares daily unstaker count vs daily price and as we see both has almost coordinated trends which both are decreasing.
    • unstaker count maxes out on Jan 23 with 168 unstakers and decreases towards 119 unstakers on Feb 3 which shows price has direct affect on it and they move with same trend.

    In charts below I’m comparing price chart of NEAR with 3 metrics of Stakes on NEAR network in last 2 weeks, and as we see $NEAR price has decreasing trend which maxes out on Jan 23 with $2.577 and then decreases.

    In charts below I’m comparing price chart of NEAR with 3 metrics of Unstakes on NEAR network in last 2 weeks, and as we see $NEAR price has decreasing trend which maxes out on Jan 23 with $2.577 and then decreases.