Introduction

In this dashboard we will see some metrics to find out how decentralized is Near and we will compare these metrics to Osmosis. First I will explain what does decentralization means in blockchains and then we will see charts and analysis of staking activity over time on these blockchains, distribution of staking activity, number of active validators over time, number of block producers over time, and at last distribution of $NEAR and $OSMO holders by their balance over time.

Staking Activity

On following charts we can see number of stake / unstake actions on Near decreased over time.

About Osmosis we can say number of stake (delegate) / unstake (undelegate) actions has increased in average.

But something that is very obvious is the ratio of stake actions to unstake actions in Osmosis is much higher than this ratio in Near.

Distribution of Staking Actions

The following charts shows distribution of each action on Near and Osmosis. Based on the following charts we can say:

• Number of stake (delegate) actions on Osmosis is higher than stake actions on Near.
• Number of unstake actions on Near is higher than unstake (undelegate) actions on Osmosis.
• Volume of stake (delegate) actions on both Near and Osmosis is almost equal (about 64%).
• Volume of unstake (undelegate) actions on Near is more than Osmosis.

In general we can say number stake / unstake actions on Osmosis is much higher than Near and users are more active on Osmosis. Also we can see above metrics are increasing over time for Osmosis but number of stake / unstake actions and number of stakers and unstakers on Near are decreasing over time.

Active Validators

The following two charts compare number of active validators on Near and Osmosis over time. We can see more active validators on Osmosis past 2 years.

Also we can see number of active validators is increasing for both blockchains. The number of active validators is directly related to decentralization of a blockchain. Therefore we can see both Near and Osmosis are becoming more decentralize over time.

Block Producers

The following two charts compare number of block producers on Near and Osmosis over time. We can see number of block producers is increasing over time for both of these blockchains over time. And number block producers on Osmosis is more than block producers on Near.

Also next charts show share of each address for producing blocks on Near and Osmosis.

Many investors believe that decentralization is a key feature of all cryptocurrencies. And, when you look at it, the principle of decentralization has made Bitcoin the safest, most reliable and sought-after currency on the market. Even despite this, a very small number of people now truly understand what decentralization is, what its main features are and what goals it offers.

What is decentralization?

Decentralization in a term of blockchain is an equal distribution of a database around many participants that have a complete copy of this blockchain.

In principle, this is the main feature of decentralization. Here we have a common database with the entire history of financial transfers, user account numbers and other information that isn’t stored on any single server but is located on millions of PC systems that are constantly synchronized with each other.

In general, Blockchain can be compared with the system of downloading files via torrent trackers, which is now used by many people. The file from the torrent tracker can be downloaded only if at least one of the seeds will be active and connected to the Internet.

The same goes for the decentralized cryptocurrency system. The network will function correctly and safe only if the computers storing Blockchain are currently connected to the Internet.

One PC isn’t able to correctly confirm the transaction since only a few network participants accurately verify the operation, process it and put it into a shared blockchain.

Users Balance

Based on the following charts we can say number of $NEAR and $OSMO holders with lower balance is increasing over time. This means native tokens of both blockchains belongs to more users and it makes network more decentralized.

Conclusion

• Number stake / unstake actions on Osmosis is much higher than Near and users are more active on Osmosis.
• The number of active validators is directly related to decentralization of a blockchain. Therefore we can see both Near and Osmosis are becoming more decentralize over time.
• Number of block producers is increasing over time for both of these blockchains over time. And number block producers on Osmosis is more than block producers on Near.
• On Osmosis share of block producing for some addresses is more than others, but on Near block producing is more distributed. This means Near is more decentralized in term of block producing.
• Number of $NEAR and $OSMO holders with lower balance is increasing over time. This means native tokens of both blockchains belongs to more users and it makes network more decentralized.

Credit: Ali3N#8546 link to dashboard:

Discord: pouya_22#1482

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