This Near Weekly Recap is provided solely for informational purposes and does not constitute investment advice. $NEAR did not have too much movement in the past week. The price remains sideways in the $3.5-$3.9 zone. After completing Phase 1, the ecosystem began expanding its node with the Star Wars III program. In addition, the system also has much notable news listed below.

NETWORK GROWTH

Total Value Lock

The Total Value Locked increased to $570.11 million, and TVL decreased by 1.71% in one week. TVL Near increased by 2.1% in the past week, from $319M to $325.68M. But TVL on Aurora has decreased, down approximately 6.36% to $ 244.43M.

HIGHLIGHT EVENTS

Stake Wars III

Stake Wars is a program that helps the community become familiar with what it means to be a validator and gives them an early chance to access the chunk-only producer. The rewards offered by the Stake Wars program support new members that want to join mainnet as a validator starting from the end of September 2022.

More information: click here

Mercuryo has integrated NEAR

Mercuryo is a holistic fintech platform providing global business from both fiat and crypto worlds with a wide range of financial services accessible through single API integration. Integration into the Near network will make Mercuryo’s transactions faster and cheaper.

More information: click here

Globe list $NEAR for Derivative Trading

NEAR-PERP is available now on Globe Exchange. Traders can enjoy up to 100x on the leverage ratio.

More information: click here

NEAR Space Event at EthCC 2022

NEAR Space Event at EthCC 2022 is a unique place where you can meet every participant in a unique ecosystem to discuss new ideas and share crypto experiences within the EthCC. The event takes place in Paris on July 19th-21st

More information: click here

DEFI LEGO

Layer 2

Infura will soon support Aurora

After announcing integration with NEAR in May of this year, Infura shared that they will soon also support Aurora, adding to Infura’s list of supported networks and their contribution to building a multi-chain future for Web3. Here is the next step of Aurora to build a multi-chain Web3 for the future.

More information: click here

Web3.0

Octopus Accelerator Fall 2022

Octopus Accelerator is a global Web3 startup community of entrepreneurs launched by Octopus Network. Our goal is to help Web3 entrepreneurs take their first steps and help Appchain projects grow to bring utility to Web3.

The Octopus Accelerator Program conducts four Global Web3 Entrepreneurship Camps annually, providing $1 million to fund 20 outstanding Web3 application chain, entrepreneurial teams.

5 Winning Octopus Star Prize Teams to share $250,000 in total funding.

More information: click here

Dex

Ref Quarterly Update: Q2 2022

Ref Finance released its Q2/2022 report, with the following main contents:

• Ref’s TVL grew up 45%, from $120M to $175M in Q2, and ATH at $277M on the 3rd of June.
• VeToken along with a new farming contract was on the Testnet.
• Five new stable pools.

More information: Click here

Tonic Partners with Magellan to Build a Top-grade Instant Swap

Tonic Dex becomes a strategic partnership with Magellan, the DEX aggregator and swap infrastructure.

Through this ongoing strategic partnership with Magellan, Tonic Dex is enabling to provide an instant Swap feature with: Deep liquidity, Fast transactions, and Smart money.

More information: Click here

Tonic Mainnet Trading Competition

To encourage users to come to the project. After its launch, Tonic launched a Trading Competition event with a prize pool of up to $4000. Tonic Mainnet Trading Competition starts on July 12, 2022, at 16:00 UTC to July 26, 2022, at 15:59 UTC.

More information: Click here

Yield Optimizer

Pembrock Finance launched the Rewarding program for early lender

The reward program will start 24 hours after PembRock launches on the mainnet, so each PembRocker has enough time to supply one or some of the following PembRock Lend pools with their funds (USDT, ETH, BTC, PEM, USN, REF). The Reward pool is fixed and counted on a weekly basis. For the first week (July 15-22) the pool contains 25k PEM for each pool.

More information: Click here

Staking Liquidity

Meta Yield Announces New Fundraising Campaign With Cheddar.

Cheddar is launching a fundraising campaign on Meta Yield. The campaign will launch on July 27th 5 AM UTC. The funding will help expand current efforts and provide greater rewards to users.

More information: Click here

NEW PROJECTS

Spin – Derivative: is the first DEX to offer on-chain Perpetuals, Being on a mission to offer NEAR Protocol’s users a CEX -competitive trading experience.

MyNearWallet – Wallet: a new wallet on Near protocol

NEX – Derivative: The first decentralized on-chain perpetual and spot exchange on Near Aurora.

Galacticway – NFT marketplace: is an NFT marketplace on Near blockchain that addresses a specific customer pain: access to curated collections of NFTs, on a network positioned for large-scale adoption, scale, and mainstream activation.

MjolNear – NFT marketplace: is the first open NFT marketplace on Near blockchain that enables creators from different marketplaces/games/collections to sell their NFTs in one place.

VERDICT

Above is the important information in the past week of the ecosystem. The critical news on the ecosystem began to lead less and less. This is also understandable because current projects focus on building the core product and perfecting the product. Instead of launching marketing strategies, engage the community. Because running marketing at this time is not practical.

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

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