Methodology

One of the things that is checked in Decentralization is Staking. DeFi staking involves locking one's crypto tokens into a smart contract in an effort to earn more of those tokens in return. Consider it the decentralized equivalent of putting your money in a bank fixed deposit. In this dashboard, the status of the stake and unstake in the NEAR network and on Osmosis network for the comparison has been checked to answer bounty’s question that how has NEAR decentralized considering its staking status over time using this survey.

Metrics checked in this bounty is as follows:

1. ==Total numbers of unique stakers and unique unstakers and it’s daily trend==
2. ==Total numbers of stake and unstake and it’s daily trend==
3. ==Total amounts of stake and unstake and it’s daily trend==
4. ==Total average amounts of stake and unstake and it’s daily trend==

Question

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. \n

In your view, is NEAR becoming more centralized or decentralized over time?

You are welcome to draw on any past submissions in your work, but ensure you credit and link to the original creator (bonus points if you shout them out on Twitter).

Grand Prize submissions will also explore these metrics for at least one other blockchain.

• The average amount of stakes and unstake’s is a different ( info wise) then the total amount of stakes and unstake’s graph.
• Here in the column and graph form we can see the average amount of unstake’s on some of the points during the time span (not only on Nov 6th) is more then stakes.

Number and Amount of Stakes and Unstake’s

• The number of stakes an unstake’s till the end of 11/6/2022 is shown on the column form to the left.
• Also in the graph we have the number of stakes and unstake’s per day from Sep 1st till Nov 1st.

• Besides the number of stakes and unstake’s we also can see the amount of them in both column form(till 11/6/2022) and the graph which is also from Sep 1st till Nov 1st.

• The number of unique stakers and unstaker’s till the end of Nov 6th is shown in column form which in order are 90.75k and 50.90k.
• The thing that is clearly noticeable is that the amount of unique is at its highest in Oct 1st, Same as the number of total stakes and unstake’s in the first graph.

NEAR

Osmosis

Ratio of Stakes and Unstake’s

• In the first row of information bellow, the ratio of amount, number and unique number of stakes and unstake’s are visible.
• In the second row on the left the amount, number and unique stakers to unstaker’s is shown in column form since Sep 1st till Nov 1st.
• The per minute ratio number of stakers to unstaker’s is also shown from Sep 2021 to Nov 2022 which the graph is at its peek in Oct 4th 2021, Oct 28th 2021 and Nov 11th 2021.

• Amount of stakes and unstake’s have a lot more swings then then the numbers (same as the info graphs about NEAR).
• The most amount of both stakes and unstake’s happened May and Oct 1st.
• In Jul 1st also we have a very high amount of stakes but the unstake amount is considerably lower then the other peeks.

• The number of unique stakers and unstakers is a rising trend till Mar 1st(on the graph which is the maximum amount during the whole time span).
• But as you can see after Mar 1st the trend begins to descend till Jul 1st and rise by a insignificant amount and then lower till November.

• Exactly like NEAR the average amount of stakes and unstakes are totally reversed.
• Unlike the resent amount of stake and unstake the average is much heavier on the unstake side.

Stakes and Unstakes Info of Osmosis

• Here the we have the same type of information for Osmosis as we had for NEAR.
• The visual difference is that the amount of unstake’s is very limited compared to the stakes.
• The highest number of stakes has happened in Mar 1st.

Ratio Info of Stake and Unstake

• In the first row of pictures bellow (same as NEAR) we have the ratio of stake and unstake, number and amount in a daily form updated on Nov 6th.
• The second row is clearly suggesting that the amount of stakes and their number of unique stakers is becoming more and more then the unstakes and unsakers over time.
• Which you can see that the peek of stakes per minute happened Feb 16th, Mar 7th and Apr 23rd after that the trend lowers but still the stake/unstake ratio is significantly higher then NEAR.

Conclusion

• How centralized or decentralized is NEAR, really? As you can see the NEAR market is currently not so centralized because the amount of unstakes is considerably high.
• 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. \n In your view, is NEAR becoming more centralized or decentralized over time? Same as the information we discussed above, in the number, amount, and number of unique stakers and unstakers, we can totally understand that the NEAR market is decentralizing greatly over time and we can hardly see any changes to its descending trend, on the contrary, Osmosis is gaining a high amount of stake to unstake ratio which suggests the centralizing trend of this market.

The codes and methods are removed from the dashboard below :

What is near?

NEAR Protocol is a smart contract capable, public Proof-of-Stake (PoS) blockchain that was conceptualized as a community-run cloud computing platform. Built by the NEAR Collective, NEAR was designed to host decentralized applications (dApps), and strives to compete with Ethereum and other leading smart contract-enabled blockchains like EOS and Polkadot. NEAR’s native token is also called NEAR, and is used to pay for transaction fees and storage. NEAR tokens can also be staked by token holders who participate in achieving network consensus as transaction validators.

NEAR Protocol is focused on creating a developer and user friendly platform. To accommodate this mission, NEAR has incorporated features like human-readable account names as opposed to only cryptographic wallet addresses, and the ability for new users to interact with dApps and smart contracts without requiring a wallet at all.

Projects building on NEAR include Mintbase, a non-fungible token (NFT) minting platform, and Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and more.