INTRODUCTION

Proof-of-Stake (PoS) consensus is used by NEAR Protocol to secure and verify transactions on the blockchain. As compensation for creating new blocks, validators receive NEAR Tokens at a static inflation rate of roughly 4.5 percent annually. Holders of Tokens who aren't interested in serving as Validators can contribute to their staking pool and share in the Token rewards. As a result, Token owners are encouraged to be active in the community and assist the Validators who maintain the network functional. The total number of tokens staked to the Network determines how much staking rewards one can receive. You could receive 10% of the benefits, for instance, if 100 of the 1000 staked tokens were your own. You will only receive 5% of the prizes if there are 2000 total tokens staked and you have staked 100 of them.

Understanding how the NEAR protocol determines and distributes token rewards is crucial. The total number of tokens staked to the Network determines how much staking rewards one can receive. You might receive 10% of the total rewards given to the network, for instance, if there are 1000 staked tokens in total and you have staked 100 of them. You will only receive 5% of the prizes if there are 2000 total tokens staked and you have staked 100 of them.

However, as is typical with Proof of Stake Networks, the total number of staked tokens will rise as the network develops and more users become accustomed to it. As a result, even while staking rewards are currently distributed among a pool of 200 million tokens, in the upcoming weeks, months, or years, the total number of tokens staked may go as high as 600, 700, or even all 1 billion NEAR tokens that are currently in circulation. We can only present these calculations to describe how the protocol functions on a technical level because there is no way to predict what the future will bring. We cannot, however, guarantee that the protocol won't change in the future.

METHODOLOGY

This dashboard is to get an idea about the staking activities of the NEAR protocol users where many details are analyzed. To dive in deep, the new users and the movement of the new users in the staking event of the NEAR protocol are searched and charted with time. Then the stakes, the stakes, and the tokens with which they stake are also charted and compared with other protocols in the network. Now the stakes are classified under different categories by means of the number of stakes and then they are charted to see if the staked amount is from liquid NEAR or native and also the percentage as well as the users. Then upon diving deep, the total NEAR staked over time is charted with other parameters in the network such as the validators, the Nakamoto coefficient, etc, and also the total absolute values are also charted. Finally, the event actions are charted with time by the new users.

The chart here shows the new users in the staking event of the NEAR protocol over time. It is seen that the highest was on MAY 20,2022.

A similar chart that displays the active users in the protocol is charted to the right .

The chart here shows the activeness of the staking users over time with the data that displays the staking actions over 5 segments of time segregations.

The chart shown below indicates that the users are making more than 5 staking actions and so it follows a cumulative trend.

The chart to the left displays the total NEAR tokens over time which indicates the volume and the right chart shows and compare the same with other token in the protocol

The chart here displays the stakes that has been happening since the beginning till date with both native tokens and non native tokens.

The chart to the left is an indication that displays the total amount of the stakers in the NEAR protocol and it is seen that the count is decreasing over time with slight increase and the same trend is followed by the count of the staking transactions that is happening in the protocol.

→→→→→→→→→→The chart to the right is an indication of the percentage of the liquid NEAR staked with other staked volumes and the left chart of the users is similar to the above chart but that the x axis is the segment of the NEAR token staked.

Both the above given charts shows the distribution of the staked NEAR tokens by means of Native and the Liquid tokens with different segments on the basis of the number of NEAR tokens staked.

The chart to the left indicates the staking volume of the top 10 distinct staking wallets that have staked the most and the chart to the right show the significant amount of the NEAR tokens staked over time.

Both the chart here to the left indicates the collaboration of the validators in the staking events where as seen the count of the validators follow a cumulative trend and the shares held by the validators in the staking over time.

NAKAMOTO COEFFICIENT is charted with time of the NEAR protocol.

FOR info:

The bare minimum of nodes necessary to interfere with the blockchain's network is represented by the Nakamoto coefficient, which gauges decentralization. A blockchain is considered to be more decentralized when its Nakamoto coefficient is large.

Percentage of the staking actions in the NEAR protocol from different ways are charted with time here.

These charts shows the cumulative volumes.

TOTAL STAKED AMOUNT AND THE AVERAGE

TOTAL STAKING USERS AND THE VALIDATORS

The charts here display the NEW users and the cumulative users over time with different events of the NEAR staking as Liquid stake and the Native stake etc.