New Contract Usage
This analysis will cover the latest contracts on the Near chain. NEAR is a vibrant ecosystem where new protocols are regularly introduced. The objective is to investigate which of the recently launched contracts, in late 2022 and 2023, are attracting more users and contributing to the growth of the NEAR ecosystem.
The following aspects will be examined:
Daily active wallets associated with each contract
Asset volumes processed through the contract
The number of repeat users of the contract
The number of new users attracted to the NEAR ecosystem by the contract
The NEAR Protocol is a public Proof-of-Stake (PoS) blockchain with smart contract capabilities initially conceptualized as a community-managed cloud computing platform. Developed by the NEAR Collective, it aims to compete with Ethereum, EOS, and Polkadot and is specifically designed to host decentralized applications (dApps). The platform's native token is also named NEAR, which covers transaction fees and storage expenses. NEAR token holders can also stake their tokens to act as transaction validators and contribute to achieving network consensus.
NEAR Protocol prioritizes providing a user- and developer-friendly platform. It has integrated various features to fulfill this objective, including human-readable account names and cryptographic wallet addresses. Additionally, the platform enables new users to interact with dApps and smart contracts without needing a wallet.
I used the near.core.fact_actions_events table to discover new contracts and filtered transactions with the action_name "DeployedContract." Next, I joined this table with the near.core.fact_actions_events_function_call table and filtered by method_name "new" to obtain the most recent contracts. I then joined this data with the transaction table to extract the contract names using the tx_receivers field. Finally, I analyzed the contracts by examining user activity, transaction details, gas usage, and volume.
