This Near Weekly Recap is provided solely for informational purposes and does not constitute investment advice. Last week was a bad week for the market. $BTC price has returned to its lowest level since early 2021 so far. Now $BTC has hit its old 2017 high at $18,731. $NEAR was equally affected by this drop. The market has officially entered the hibernation phase. It will be difficult to develop projects during this period. However, the projects that can survive are the ones worth investing in in the next uptrend season. Let’s also Coincu look back at a week of development of the Near ecosystem.
NETWORK GROWTH
Total Value Lock
The Total Value Locked down-dropped to $542,85 million, and TVL has dropped by 31,78% in one week. TVL Near decreased by 35.24% in the past week, from $429.94M to $278.4. TVL on Aurora has also decreased significantly, down approximately 27.70% to $274.45M.
Stablecoin Supply
The total supply of stablecoins on AURORA is currently $246.96, down approximately 13.89% from $286 to $246.96.
In which, $USDC accounted for 66.96% with a supply of $165.39, $USDT accounted for 29.4% with a supply of $72.64. The rest are other stablecoins accounting for about 4%.
Total Transaction
This week, the NEAR ecosystem has only 4,769,918 transactions, an average daily transaction of 681,416 transactions. Up approximately 4.3% from last week, with the number of transactions in week 23 being 4,570,013 transactions. When the market is sideways, trading becomes less attractive.
Validator / Node
The number of Validators on Near still remains at 100 Validators and has not changed over the past 1 month.
The number of stakers
The number of stakers increased by 1.11% from last week with a total of 72,394 stakers staking. The higher the number of stakers, the higher the user’s trust in the network.
Unique Addresses
The number of unique Near addresses continued to grow significantly this week. Specifically, there are now more than 14,922,846 unique addresses in the Near ecosystem. The number of new addresses created this week is 501,291, The number of new addresses created this week is about 47% less than the number of new addresses created last week.
Active addresses
There were 38,278 active addresses this week, a 7.5% increase in the number of active addresses compared to last week. On average, there are 5,468 addresses with transaction activity in the Near ecosystem every day. The number of new addresses created keeps increasing week by week, But the number of active addresses is increasing slowly. This shows the current risk aversion when the market is very gloomy. Investors still believe in the Near ecosystem, but they limit transactions to reduce risks.
% Staking/circulating supply
Near’s staking percentage of total circulating supply is currently 42.73%. This number is quite low compared to a few months ago. With percentage of staking amount 60%.
HIGHLIGHT EVENTS
NEAR Foundation and Brave announce partnership to integrate Aurora
On June 10 at the Consensus conference, Brendan Eich, CEO and co-founder of Brave announced that the company will collaborate to integrate Aurora, an Ethereum Virtual Machine (EVM) on the NEAR Protocol, into Brave Wallet. This means greater multi-chain functionality in Brave Wallet and expanded utility for the Basic Attention Token (BAT). It also helps the Near and Aurora ecosystems easily reach 60M daily users on Brave.
More information: click here
Near Mainnet is Live on MooPay
MoonPay is live on Near. You can now start accepting NEAR natively with superfast transactions and ultra-minimal gas fees
Staking and custody support for NEAR is now live on Copper
Copper now offers custody and staking support for NEAR, the native asset of NEAR Protocol, the high-performance layer one blockchain.
The custody integration allows our 500+ institutional clients to securely hold NEAR through our award-winning custody solution, which leverages advanced multi-party computation (MPC) cryptography to remove the critical attack vector of private keys. Meanwhile, staking support for NEAR enables pioneering institutional investors to earn yield from participating in securing and validating the network, all the while, the staked assets remain secure in Copper’s custody.
More information: click here
The Rift Opens: Public Launch Date Announced
Rift is partnering with Fantom, Origin, and Aurora to deepen liquidity for their DAO governance tokens on Ethereum. The FTM, OGN, and AURORA Vaults will open for ETH deposits from the public on June 21 at 2 PM ET. Liquidity providers on Rift earn doubled returns and downside loss protection. LPs will be able to claim a POAP to commemorate their participation in the first Rift Vaults on Ethereum.
More information: click here
Aurora Bug Bounties
As the TVL in the Rainbow Bridge has been going down lately, Aurora has decided to lower our bug bounty program from $6M to $1M for now.
sed on Aurora’s smart contracts and web application. It targets the prevention of:
- Loss of assets held in their Rainbow Bridge
- Loss of any user funds, whether at-rest or in-motion
- Permanent freezing of funds
- Loss of governance funds
- Inability to call smart contract
- Thefts and freezing of unclaimed yield of any amount
More information: click here
NEAR Native Stable Coin Support (USN) in Astro 3.0.7
Astro 3.07 update with many new features. In which the project will support Near stablecoin $USN for using $USN on DAO.
More information: click here
DeFi Lego
New Projects
Poker Space
Poker Space is a Unique NFT collection with in-game utilities based on the P2E model.
AstroGen
AstroGen is an all-in-one launchpad for NFT artists to take full control of their generative NFT projects.
Playible
Playible is a blockchain-based platform focused on bridging the gap between NFT technology and traditional gaming markets to offer an exciting new fantasy sport experience with real cryptocurrency prizes.
Near Tinker Union
Near Tinker Union is an NFT collectible that includes a union of 3,333 tinkers that has formed to tink extraordinary tools to help the ever-growing ecosystem.
Tamago
Tamago is a decentralized music streaming NFT Hybrid built on the NEAR public blockchain.
Lending/Borrowing
Aurigami integrated with Celer network
Aurigami integrates with Celer Network Integration making it easier to connect assets, unlocking productivity and liquidity for the Aurora and NEAR ecosystems
Bastion introduces Trophy Case.
Trophy Case is an Achievement NFT Collection for the strongest Bastions. The Trophy Case will be the home for all of Bastion’s Achievement NFTs, designed to reward and recognize the most loyal Bastions.
Users who received the OG NFT will shortly receive a revamped Statue version. The mighty Bastions who HODLed all their BSTN, have proven their worth for the tradable, exclusive Diamond Head
More information: click here
Staking liquidity
Stader’s Bug Bounties program
Stader is a non-custodial smart contract-based staking platform that helps you conveniently discover and access staking solutions. Stader organizes a bug bounties program, encouraging users to find bugs to help improve the protocol.
Rewards are distributed according to the impact of the vulnerability based on the Immunefi Vulnerability Severity Classification System V2.1.
More information: click here
LiNEAR Partners with PinkPea Finance to Launch LiNEAR Pool
LiNEAR Protocol is a liquid staking solution built on the NEAR Protocol
LiNEAR Protocol is glad to announce a strategic partnership with PinkPea Finance to introduce the LiNEAR-wNEAR Pool for users to earn $LiNEAR and $PEA rewards with around 10 $LiNEAR/day and a total of 20,000 $PEA for 30 days.
More information: click here
DAOrecords Launches Fundraising Campaign on Meta Yield
After concluding our first successful fundraising campaign on Meta Yield with PembRock Finance, Meta Yield announced a partnership with DAOrecords!
DAOrecords is reinventing the record label and democratizing the music industry. They see the future of the music industry as a place where artists have:
- control over their music using Music NFTs and Web3 technology
- can cultivate a relationship with their fans and community within their own economy.
In order to support their 12-week SoundSplash event series, DAOrecords launches a fundraising campaign on Meta Yield.
More information: click here
Verdict
Above is the important information in the past week of the Near ecosystem. Crypto winter has arrived, it’s also time to purge projects. Good projects stay and bad projects go. Everything is just beginning. Also, keep an eye on Coincu for upcoming developments on Near. Can ecology get through this bad period?
If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].
Find more information about NEAR
Website: https://near.org/
Whitepaper: https://near.org/papers/the-official-near-white-paper/
Twitter: https://twitter.com/NEARProtocol
Telegram: https://t.me/cryptonear
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.
Ken. N
Coincu Ventures
