NEAR - 10. The Path to Decentralization

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    Introduction

    About Near Protocol (NEAR)

    NEAR is a decentralized application platform that is secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people, putting the power of the Open Web in their hands.

    Method.

    1. In this dashboard i have observed swaps and swappers of platforms and CEXs to examine how has these parameters are affecting decentralization of Near network.
    2. Topics of this dashboard:
      • Daily swaps and swappers of various platforms on Near
      • Top 10 platforms based on swaps and swappers
      • Daily and total transactions and users of various CEXs on Near
    3. Tables used in this dashboard are near.core.ez_dex_swaps and near.core.fact_transactions
    • Area chart above shows us daily swaps of top 10 platforms with most swap count on Near network of past 2 months, its major trend is bullish which maxed out on Jan 14, 2023 with 14.8K swaps. though its major trend is bullish but as we see until end of 2022 it was decreasing and since first of January 2023 it’s bullish trend starts.
    • Most number of swaps for a single platform among top 10 platforms is for ==wrap.near== on Jan 14, 2023 with 4,756 swaps.
    • Almost all platforms has same trend as major bullish trend
    • ==v1.jumbo_exchange.near== has been bullish all the time frame in last 2 months towards 2023.
    • ==aaaaaa20d9e0e2461697782ef11675f668207961.factory.bridge.near== has been steady.
    • Area chart above shows us daily swaps of top 10 platforms with most swap count on Near network of past 2 months, its major trend is bullish which maxed out on Jan 14, 2023 with 1,275 swappers. though its major trend is bullish but as we see until end of 2022 it was decreasing and since first of January 2023 it’s bullish trend starts.
    • Most number of swappers for a single platform among top 10 platforms is for ==wrap.near== on Jan 14, 2023 with 570 swappers.
    • Almost all platforms has same trend as major bullish trend.
    • ==aaaaaa20d9e0e2461697782ef11675f668207961.factory.bridge.near== and ==aurora== has been bullish all the time frame.
    • Bar chart above on the left shows us daily total transaction count of CEXs in last 2 months, and as we see it’s major trend has been bullish towards end of January 2023 and it peeked highest on Jan 14, 2023 with 940 transactions. though its major trend is bullish but as we see until end of 2022 it was decreasing and since first of January 2023 it’s bullish trend starts.

    • Bar chart above on the right shows us daily total unique users of CEXs in last 2 months, and as we see it’s major trend has been bullish towards end of January 2023 and it peeked highest on Jan 14, 2023 with 339 unique user. though its major trend is bullish but as we see until end of 2022 it was decreasing and since first of January 2023 it’s bullish trend starts.

    • Donut chart above shows us CEXs and their transaction count on Near network, and we we see that among total 19,173 transactions executed by them, Okex with 39.4% of transactions which is ~7.5K transactions is the dominant CEX among all CEXs that users are actively transacting on them.

    • Comparing Okex transaction count to some other CEXs:

      • 1.42 times more than Binance
      • 11 times more than Gate.io
      • 1.64 times more than Houbi
      • 59 times more than MXC
    • Donut chart above shows us CEXs and their unique users on Near network, and we we see that among total 4,415 users of them, Okex with 53.3% of users which is ~2.3K users is the dominant CEX among all CEXs that users are actively transacting on them.

    • Comparing Okex unique users to some other CEXs:

      • 2.4 times more than Binance
      • 7.7 times more than Gate.io
      • 5.52 times more than Houbi
      • 33.5 times more than MXC

    Conclusions

    • Daily number of swaps and swappers has been increasing since first of January in new year, indicates improvement of this aspect of decentralization of Near network.
    • Wrap and unwrap NEAR is done by using the wrap.near smart contract, which has majority of transactions.
    • Daily number of transactions and users of CEXs has been increasing since first of January in new year, indicates improvement of this aspect of centralization of Near network.
    • OKX, formerly known as OKEx, is a Seychelles-based cryptocurrency exchange and derivatives exchange, which has majority of transactions and users on Near network.
    • Area chart above shows us daily users of each swap platform on Near network of past 2 months, its major trend is bullish which maxed out on Jan 14, 2023 with 1,618 swappers. though its major trend is bullish but as we see until end of 2022 it was decreasing and since first of January 2023 it’s bullish trend starts.
    • Most number of active swappers for a single platform is for ==wrap.near== on Jan 14, 2023 with 570 active swappers.
    • Some platforms like ==sol.token.a11bd.near== has been bullish in last 2 months towards 2023.
    • ==token.sweat== and ==v2.ref-finance.near== has been bearish until end of 2022 and bullish in 2023 same as major trend of platforms.
    • Area chart above shows us daily swaps of each swap platforms on Near network of past 2 months, its major trend is bullish which maxed out on Jan 14, 2023 with 17.7K swaps. though its major trend is bullish but as we see until end of 2022 it was decreasing and since first of January 2023 it’s bullish trend starts.
    • Most number of swaps for a single platform is for ==wrap.near== on Jan 14, 2023 with 4,756 swaps.
    • Some platforms like ==usdt.tether-token.near== has been bullish all the time frame in last 2 months towards 2023.
    • ==token.sweat== has been bearish until end of 2022 and bullish in 2023 same as major trend of platforms.
    • Donut chart above shows us top 10 platforms which most number of swaps has been executed on them, which total of 263,662 swaps has been executed on them by Near protocol users which most of them has been occurred on ==wrap.near== with 37.8% or ~100K swaps
    • v2.ref-finance.near is second platform with most number of swaps which are ~63K swaps and its 0.63 times of first platform.
    • wrap.near compared to some other platforms:
      • 6 times of token.v2.ref-finance.near
      • 10.5 times of dac17f958d2ee523a2206206994597c13d831ec7.factory.bridge.near
      • 6.8 times of token.sweat
      • 14 times of 30d20208d987713f46dfd34ef128bb16c404d10f.factory.bridge.near
    • Donut chart above shows us top 10 platforms which most number of unique users has been active and swapped on them, which total of 11,176 swappers has been executing on them which most of them has been occurred on ==wrap.near== with 33.1% or ~3.7K swappers
    • ==a0b86991c6218b36c1d19d4a2e9eb0ce3606eb48.factory.bridge.near== is second platform with most number of swappers which are ~2K swappers and its 0.54 times of first platform.
    • wrap.near compared to some other platforms:
      • 2.7 times of token.v2.ref-finance.near
      • 3.8 times of dac17f958d2ee523a2206206994597c13d831ec7.factory.bridge.near
      • 4.25 times of ftv2.nekotoken.near
      • 12 times of aurora