Introduction

NEAR Protocol is a public Proof-of-Stake (PoS) blockchain that aims to bring DeFi to the masses with low transfer fees and fast transactions. NEAR competes with Avalanche, Solana, Cardano, Algorand, the new version of Ethereum, and other PoS networks

Ref Finance was launched in 2021 by Illia Polosukhin, co-founder of the NEAR protocol. Reef Finance is a decentralized Automated Market Maker Model (AMM) exchange that allows trading of NEP-141 standard tokens. The total value locked in this protocol is currently $280 million. Dex Ref Finance features include token swap service, liquidity pools, farm and staking or deposit pool. Currently, the transaction fee in Reef Finance varies between 0.3 and 0.5% (according to the pools). 80% of the swap fee goes to the liquidity providers, 16% to the protocol and 4% to the referral.

SushiSwap is a software running on Ethereum that seeks to incentivize a network of users to operate a platform where users can buy and sell crypto assets.

Similar to platforms like Uniswap and Balancer, SushiSwap uses a collection of liquidity pools to achieve this goal. Users first lock up assets into smart contracts, and traders then buy and sell cryptocurrencies from those pools, swapping out one token for another.

In this dashboard, we will examine the issues related to decentralization

1. Shares of staking by validators
2. Power shares by validator ranks
3. Most popular staking actions currently and over time

On the left side, we can see that deposit and stake have the majority of these actions with 257.9k, and unstake only has 79.4k of the total actions together, the rest of the actions such as unbond delegations and validators have a small portion of actions. .

In the pie chart on the right, I've combined the similar actions we see and we have 66.7% for similar actions and 33.1% for removing similar actions.

In the daily chart, we can see that it has an increasing trend from September 5, 2022 to November 15, 2022 and reached its highest level on October 26, 2021 with 1755 shares and reached its highest level on November 11, 2021 with 370 withdrawals.

And as we can see, the number of unstakes was more than stakes in most days. Other actions can be over the saw.

As we can see, comparing the number of swaps, Sushiswap has more than Ref Finance, and Sushiswap is equal to 0.75 million and Ref Finance is equal to 110.5 thousand. Sushsiwap swap reached its highest level on September 17, 2022 with 14.5 thousand swaps. And after suffering a downward trend

As we can see, Sushiswap has more exchange pools with 1870 than Ref Finance with 224. Sushsiwap swap pools peaked on September 17, 2022 with 662 swap pools and we see a downward trend after that day.

As we can see, Sushiswap has more exchanges than Ref Finance. It can almost be said that Sushiswap has 100% of the exchanges and has recorded more than 153 thousand exchanges since August 2022, while Ref Finance has only 47 exchanges in This period has been recorded. Sushsiwap exchanges peaked on September 17, 2022 with 4,698 exchanges and has since been trending down.

Conclusion

Staking is higher in the NEAR protocol, which is a sign of the decentralization of the NEAR network by users who tend to have more stake than not risk.

Ref finance exchanges, exchanges and pools in NEAR are more than Sushiswap in Ethereum, although their trend is downward, but as we can see, Ref finance has small values ​​in terms of the total values ​​of these metrics. Their statistics are shown below

Ref finance has only ==47== swappers, Sushiswap has ==153.4k== swappers

Ref finance has only ==110.5== thousand swaps, Sushiswap has ==0.75== million swaps

Ref finance has only ==224== pools, Sushiswap has ==1870== pools

As we know, Sushiswap is more popular in Ethereum than Ref finance