INTRODUCTION

==What Is NEAR Protocol (NEAR)?==

NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”

NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”

Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.

What Makes NEAR Protocol (NEAR) Unique?

NEAR uses its Nightshade technology to improve transaction throughput massively. Nightshade is a variation of sharding, in which individual sets of validators process transactions in parallel across multiple sharded chains, improving the overall capacity of the blockchain. In contrast to “regular” sharding, shards in Nightshade produce a fraction of the next block, called “chunks.” In doing so, NEAR Protocol is able to achieve up to 100,000 transactions per second and achieve near-instant transaction finality thanks to a one-second block cadence while simultaneously keeping transaction fees at virtually zero.

NEAR Protocol also improves upon the convoluted onboarding process of other blockchains by having human-readable addresses and building decentralized applications with similar registration flow to what users have already experienced. Moreover, it provides developers with modular components, helping them start projects like token contracts or NFTs more quickly.

Observations

It can be seen that the prices of all three tokens fell sharply during the collapse of FTX

Due to the large investment of FTX and Alameda in SOL compared to the rest of the investment portfolio of FTX and Alameda, the price of SOL has fallen greatly at the time of the collapse.

Observations

According to the above charts, it can be seen that at the time of the collapse, the total number of transactions is equal to 24.1 million, and Solana's share of transactions is equal to 22.48 million, NEAR is equal to 479.5 million and Fallow is equal to 1.17 We can see that Solana's contribution to the collapse time is high compared to the other two protocols At the time of collapse and after the collapse of the NEAR protocol, it can be seen that the transactions of the NEAR protocol were recorded on an average of 500 thousand transactions per day, so it can be concluded that the NEAR protocol worked well and had good management at the time of the collapse.

The total number of active users on November 8 is 603.2k, with 378k active users, Follow has the highest number of active users at the time of collapse.

The total number of new users is equal to 40.6 k at the time of collapse, and Solana's share is more than the rest of chains with 17.3 k.

Observations

In the charts above, it can be seen that the average number of transactions in all 3 chains before the collapse is more than after the collapse, so that the average percentage of the total transactions of all 3 chains before the collapse is equal to 57% and after the collapse is equal to 43%. These data can be concluded that users have lost their trust in digital currencies, especially exchanges

In the average number of active users, it can be seen that the total number of active users after the collapse is equal to 56.9% and before the collapse it is equal to 43.1%, that the total number of active users in chains near has not changed much compared to before, but in Solana, the number After the collapse, it has decreased and the number of users in flow has increased significantly after the collapse, from 52k users to 180k users.

observations

In the charts above, it can be seen that NEAR is the most successful chain among the three chains in terms of transactions, and the success rate of NEAR is more than the other 2 chains on almost all days.

Also, we can see that the success rate of all three chain transactions has decreased significantly after the collapse time frame, but NEAR leads with the most successful transaction in both time frames.