City Amidst the Storm

    Provide a thoughtful analysis of how NEAR is weathering the market turbulence that occurred as a result of FTX’ insolvency.

                         **A summary of Near:**
    

    NEAR Protocol is a software that aims to incentivize a network of computers to operate a platform for developers to create and launch decentralized applications.

    Central to NEAR Protocol’s design is the concept of sharding, a process that aims to split the network’s infrastructure into several segments in order for computers, also known as nodes, to only have to handle a fraction of the network’s transactions.

    By distributing segments of the blockchain, rather than the complete blockchain across network participants, sharding is expected to create a more efficient way to retrieve network data and scale the platform. Near was built by the NeaCollective and conceptualized as a community-run cloud computing platform designed to host decentralized applications. It was also built to be both developer and user-friendly, hence having features such as account names that are human-readable (instead of cryptographic wallet addresses).[link]

    Strategy:

    The question asked us two measures of health, one is Unstaking and the other is the percentage of stablecoin.

    At first, we get the total transaction volume and the number of users and their value from the table: near.core.dim_staking_actions

    We have used the following table for the stablecoin percentage: near.core.ez_dex_swaps

    All charts are shown over seven days.

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    In three bar tables, respectively from table one, the total number of Unstake requests in seven days is shown, which were Unstake the most on November 9th. In the second table, the total number of users who requested Unstake. In the third table, the total amount of Unstake, which is the largest amount in the fourteenth.

    The Donut table below shows the percentage of Stable, which is almost one and a half (61.2/38.8).


    In the opposite table, the net amount of buying and selling Stablecoin is shown.

    ==From the charts and explanations of this dashboard, you can understand Near's reaction to FTX bankruptcy. As seen, most of the users have converted their tokens to Stable coins.==