Introduction

NEAR Protocol is a public Proof-of-Stake (PoS) blockchain that aims to bring DeFi to the masses with low transfer fees and fast transactions. NEAR competes with Avalanche, Solana, Cardano, Algorand, the new version of Ethereum, and other PoS networks

What is Jumbo Exchange?

Fundamentally, Jumbo is an AMM DEX that offers a cheap, seamless, and unfettered way for anyone to trade on. By tradition, Jumbo also allows anyone to be a liquidity provider without convoluting or masquerading the mode by which any users are able to do so. Retrospectively considering some common in-design flaws of certain DEXes that by virtue of the intricacy of UX unnecessary complicate the methodology of asset-adding and/or liquidity providing, Jumbo takes under purview straightforward, automated modus operandi that preserves simple and straightforward nature. By design, Jumbo leverages Near’s architecture to fully realize the simplicity of developing, tuning, and processing that is inherently present on the Near Blockchain.

Ref Finance is a community-led, multi-purpose Decentralized Finance (DeFi) platform built on NEAR Protocol. Ref takes advantage of NEAR's low fees, one-to-two second finality,

Number of users in NEAR network which are transacted with CEXs $ Number of transactions in NEAR network which occurred on CEXs.

observations

As can be seen in the charts above, Binance exchange has a great advantage over other exchanges in terms of the number of users and has 184k users, which is 18 times more than okex, 23 times more than Hobby and 108 times more. More than MXC

As we can see in the pie chart on the right, Binance is the dominant CEX with 61.6% of transactions, which is 327,000 transactions.

In terms of transactions, Binance exchange has a great advantage over other exchanges and has 327.8k transactions, which is very different from other exchanges.

observations

The chart on the left shows the monthly users of each CEX from September 2021 to November 2022. The largest number of users belongs to Binance, while due to the bad climate of the crypto market, the number of users is on the downward trend. Binance is the largest in September 2021 with 150 thousand users. It recorded the number of users in one month and in October 2022 it decreased to 1 thousand users.

The graph on the right shows the monthly transactions of each CEX from September 2021 to November 2022. The highest number of transactions

belongs to Binance, while due to the bad climate of the crypto market, the number of transactions on all exchanges is witnessing a downward trend. The number of transactions registered in one month was in September 2021 with 172.5 thousand transactions and in October 2022 it decreased to 23.3 thousand transactions.

Number of users in NEAR network which are transacted with Ref finance and Jumbo exchange.

Number of transactions in NEAR network which occurred on Ref finance and Jumbo exchange

observations

In the graph on the left, it can be seen that Ref finance with 31.34k users, which are almost 100% of users, is the dominant exchange platform on Jumbo exchange that NEAR network users interact with. Ref finance users are 2K times more compared to Jumbo Exchange.

As we can see in the graph on the right, Ref finance is the dominant exchange platform on the Jumbo exchange with 97.2% of transactions, which is 1.49 million transactions, with which NEAR network users interact.

Reference financial transactions are 34 times more compared to Jumbo exchange.

observations

In the chart on the left, which shows the monthly users of each exchange platform from September 2021 to November 2022, the largest number of users belongs to Ref finance, although the main trend of Ref finance is downward. Ref finance recorded the highest number of users in a single month in October 2021 with 18 thousand users and decreased to 29 users in October 2022.

In the chart on the right, which shows the monthly transactions of each swap platform from September 2021 to November 2022, the largest number of transactions belongs to Ref finance, although the main trend of Ref finance is downward. Ref finance recorded the highest number of transactions recorded in a single month in October 2021 with 310 thousand transactions and decreased to 4.8 thousand transactions in October 2022.

Result ==According to the above charts, in my opinion, NEAR is more towards decentralization== Due to the following, which is the general conclusion of this dashboard Although both CEX and Swap platforms have experienced lower numbers of users and unique transactions almost every month since September 2021, NEAR users on Ref finance and Jumbo Exchange have made more transactions than Swap platforms despite more unique users on CEX exists Users have been more active on Swap platforms and use NEAR network platforms more than CEX