Try Quests to earn NEARNEAR - 11. Insight of the Week
QUESTION
The NEAR Foundation is running an "Insight of the Week" series. Keeping your analysis short and focused on excellent-quality visualization - provide the most fascinating or illuminating fact or insight that you can about the NEAR ecosystem, or any of the projects building on NEAR, over the past 7 to 14 days.
When you tweet about the insight, don't just describe it - do your best to explain "why" what you chose is unusual, valuable, or noteworthy.
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If you're stumped, don't worry - we'll be running this type of bounty again in the future, so feel free to use this as a "test case" to begin thinking creatively and searching out clever insights.
INTRODUCTION
Near Protocol is a layer 1 blockchain network. It offers a platform on which builders can construct decentralized functions (dapps). The most profitable layer 1 blockchain is Ethereum, so protocols like Near are considered as challengers. \n The key yardsticks for layer 1 networks are transaction costs, pace and the capacity to preserve these aspects as transaction volumes grow. These elements are the focal point for layer 1s like Near to enhance upon Ethereum, which has encountered problems with charges and pace over the final few years. \n Near Protocol is quicker and more cost-effective than Ethereum. More importantly, it guarantees to be quicker than some of the different greatest challengers. When totally implemented, Near is predicted to be in a position to system up to round 100,000 transactions per 2d (TPS). Ethereum’s biggest rival, Solana, averages much less than 3,000 transactions per second, in accordance to its personal blockchain explorer. Ethereum averages double-digit transactions per second. Bitcoin does much less than 10. \n Outside the crypto sphere, an essential contrast is Visa’s (V) capacity. The international repayments large techniques round 7,000-8,000 TPS, based totally on its declare of 232.5 billion transactions over a 12-month period. Near Protocol ought to eclipse that, even though it has no longer but realized its theoretical viable as of July 2022. \n “Near has constructed technological know-how to allow transactions that are quickly (~1 second), rapid to finality (~1-2 seconds), low-priced (less than a penny), and secure,” crypto lookup association Messari cited in March 2022
METHOD
In this dashboard we will throw light on the insight of the NEAR ecosystem .I will discuss the metrics which according to me is necessary for the development. According to me developers play a vital role in the development of an ecosystem. I have used the flipside table for analysing the developers metrics - near.beta.github_activity
THE REASON FOR CHOOSING THIS METRICS
Near Protocol (NEAR) facilitates the development of dApps. They are very scalable and cheap compared to other projects with a similar objective. What makes Near Protocol (NEAR) stand above the rest is its Nightshade PoS consensus technique.
Furthermost recently, the Near Protocol (NEAR) rewards developers with 30% of the fees raised on transactions paid by users when they use the platform’s smart contracts.
ANALYSIS
The number of active contracts are very high in near . There are many contracts which are super active in the month of April 2022, with more than 12k count . The count of active contract is decreasing day by day & in February 2023 it has landed to 2224 only . new contracts creation was very high in September & October 2020 more than 3700 contracts but due to lack of interest & incentives, the count of new contracts fall drastically & reached to 79 new contracts in January . the contracts with most interaction is app.nearcrowd.near followed by aurora. & token sweat .
ANALYSIS
Monthly developers count was highest in June 2022 with 330 counts . the graph here shows an increment in the developers count on a daily basis.
Top contributor with maximum pull request was dependabot ,29% share & dependabot-preview , 28%share with 4451& 4353 pull request . Others were less than 1000.
ANALYSIS
In the closed state ,the action count is more than 22k & all others less than 1500 count . In the merged state, the actions are more than 23k & others less than 1200 count . in open state actions are 6553 while others are les than 100 count .
Top 5 repos on the basis of active dev are nearcore 267 count about 24%, stake ware 233 count 21.7% docs 211 in count with 19.7% near wallet 190 count with 17.7 share& aurora relayer with 16% share .
ANALYSIS
By action the developers can be divided into
1 action developer count is 1209
2-10 actions developer count is909
11-20 actions developer count is 98
21-30 actions developer count is 50
31-40 actions developer count is 48
51-100 actions developer count is 50
more than 100 actions developer count117
we see maximum action by developers are less than 10 more than 100 is 117 & all others are less than 50 .
ANALYSIS
On dividing the developer by their action type we see the develops who are contributing are 39.4% collaborators are13% members are 11% owners are 2.41%. first time contributor are 013% & 34.3 % are none . This shows very less interaction of developers in the network . This is a matter of concern as a remarkable count are none not involved in any activity . First tine contributor are also less .,this shows the failure of Near in attracting new developers & motivate them to contribute to the network .
Top 5 organization with most number of developers are near 1333 count ,aurora-is -near 424 count followed by near protocol 275, near examples 176 & NEAR Foundation just 36 active developers .
ANALYSIS
On analysing the monthly action of developers by association type we see maximum actions on June 1 2022 with more than 350 actions in February 2022 also the count was 300 & in May 2022, the count was more than 300 . The number of contributors & collaborators was highest in June 2022 At the initial stage there was just 1 member & 1 contributor in 2019 October. The increase was visible only after May 2020 ,before that the developers action was very low . We see the count increased only in the year 2022 . various reward program should be launched so that those doing ‘none’ get involved in activities & also new developers step in .
CONCLUSION
According to my understanding , developers lay the foundation of any ecosystem they play a pivot part in the development of a network . I have chosen this metrics as recently the Near Protocol (NEAR) announces to rewards developers with 30% of the fees raised on transactions paid by users when they use the platform’s smart contracts.
This announcement was vey important for attracting new developers & making most of the already existing developers to be active .these development program boosts the development of Near network as more developers leads to more dAPPS which in turn will increase user base & transaction count .
ANALYSIS
The analysis here represents the most active months of the devlopers . We can see the number of contributors who are active for more than 20 weeks are about 40 in count . This means that many contributors are active for a very long period NEear is successful in retaining its contributor ,the contributors stayed active & stick to the community for a long period .