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    NEAR City Layout

    How centralized or decentralized is NEAR, really? Choose at least two distinct measures of decentralization that can be explored with on-chain data; clearly define those metrics; and outline how NEAR performs based on those metrics. In your view, is NEAR becoming more centralized or decentralized over time?

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    This chart shows the weekly variation of the NEAR NAKAMOTO coefficient.

    • The weekly variation of the NEAR NAKAMOTO coefficient shows a rather constant trend.
    • The weekly variation of the NEAR NAKAMOTO coefficient lies in the range of 0.013 to 0.019.

    Acknowledgment and supplementary Information

    • I would like to show my sincere gratitude to the author of the following dashboard that helped me very much indeed to do my own analysis: *
    • Author: NSA2000
    • Twitter of the Author: @NSA2000C
    • Discord of the Author: NSA2000#5651
    • Data from FlipsideCrypto
    • Link of this dashboard’s tweet:

    This chart shows the weekly variation of the NEAR stack pool according to NEAR depositers.

    • The weekly variation of the NEAR stack pool according to NEAR depositers shows a rather constant trend.

    • As far as the weekly variation of the NEAR stack pool according to NEAR depositers is concerned, staked.poolv1.near, astro-stakers.poolv1.near, and bisontrails.poolv1.near have the upper hand.

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    This chart shows the distribution of the NEAR stack pool according to NEAR depositers.

    • The distribution of the NEAR stack pool for the top 3 NEAR depositers is as follows,

      • staked.poolv1.near: 1.91M, 7.24%
      • astro-stakers.poolv1.near: 1.35M, 5.14%
      • bisontrails.poolv1.near: 1.21M, 4.57%

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    Introduction

    NEAR Protocol is a layer-1 blockchain that uses Nightshade, a unique sharding technology, to achieve scalability. It was launched in 2020 as a decentralized cloud infrastructure to host decentralized applications (DApps). NEAR offers cross-chain interoperability through the Rainbow Bridge and a layer-2 solution called Aurora. Users can bridge ERC-20 tokens and assets from the Ethereum blockchain to the NEAR Protocol network, which gives them access to higher throughput and lower transaction fees. NEAR is the native token of the NEAR Protocol. It’s used for paying transaction and data storage fees. NEAR token holders can also stake their tokens on the NEAR wallet to receive rewards or use them to vote for governance proposals. []

    Methodology

    The data in this dashboard are obtained from the following tables:

    near.core.fact_transactions

    near.core.fact_actions_events_function_call

    Aim of this analysis:

    In this dashboard, the centralization of NEAR is investigated by focusing on the NEAR stack pool and NEAR NAKAMOTO coefficient.

    Results and discussion

    Summary

    • In this dashboard, centralization of NEAR is investigated by focusing on the NEAR stack pool and NEAR NAKAMOTO coefficient.
    • The weekly variation of the NEAR stack pool according to NEAR depositers shows a rather constant trend.
    • As far as the weekly variation of the NEAR stack pool according to NEAR depositers is concerned, staked.poolv1.near, astro-stakers.poolv1.near, and bisontrails.poolv1.near have the upper hand.
    • The distribution of the NEAR stack pool for the top 3 NEAR depositers is as follows,
      • staked.poolv1.near: 1.91M, 7.24%
      • astro-stakers.poolv1.near: 1.35M, 5.14%
      • bisontrails.poolv1.near: 1.21M, 4.57%
    • The weekly variation of the NEAR NAKAMOTO coefficient shows a rather constant trend.
    • The weekly variation of the NEAR NAKAMOTO coefficient lies in the range of 0.013 to 0.019.