This Near Weekly Recap is provided solely for informational purposes and does not constitute investment advice. $NEAR had a strong rally last week also, with the rally of $BTC. Currently, $NEAR is trading at $5-$5.2. Last week, there were also many highlights on the ecosystem.
NETWORK GROWTH
Total Value Lock
Total Value Locked Near ecosystem decreased slightly in the past week. Specifically, the current TVL is $555,6M, a decrease of approximately 5.08%. In particular, TVL on Near increased from $371.65M to $379.79M. However, TVL on Aurora continued to decrease. Looks like users on Aurora are withdrawing liquidity and moving back to Near.
HIGHLIGHT EVENTS
NEAR Opens the Door to More Wallets
Near will allow users to connect to more wallets. Wallet holders on Wallet.NEAR.org will be encouraged to migrate their wallet to a new provider. The Foundation will be publishing a range of tutorials and guides for how to do that over the coming weeks.
More information: CLICK HERE
NEARCON 2022 is coming back
Nearcon is the most anticipated event this year. The event will take place on 4 days (Sep 11th -14th, 2022) in Lisbon. You can sign up for tickets here.
More information: CLICK HERE
DEFI LEGO
Layer 2
Aurora is now integrated into Brave Wallet
Aurora, an Ethereum Virtual Machine (EVM) built on the NEAR protocol, is now available as a preloaded blockchain for all Brave Wallet users, enabling access to fast, low-fee transactions
More information: CLICK HERE
Aurora is in a strategic partnership with Swim Protocol.
Swim currently supports native stablecoin swaps across Solana, Ethereum, BNB Chain, Avalanche, Polygon, Fantom and, of course, Aurora. With Swim’s expansion to Aurora comes three new Metapools to support native $USDC, $USDT, and $USN. Through these new Metapools, Swimmers can now seamlessly swap their assets on Aurora with any native stablecoin in the existing Hexapool & Metapools i.e., $USDC, $USDT on Ethereum, Solana, Avalanche & Polygon, as well as $USDT and $BUSD on BNB Chain.
More information: CLICK HERE
Web3.0
Octopus Network Global Substrate Training Launches in Nigeria.
The Octopus Network Global Substrate Training Program launched its first Nigerian Substrate Training course! For eight weeks, starting July 25th, 2022, Nigerian developers will be immersed in studying the Substrate framework and building application-specific blockchains (Appchains). Mini-Hackathon allows developers to earn $4000 USD in $OCT.
More information: CLICK HERE
DAO
Bepro Network closes grant to develop the first bounty network for Aurora
Bepro Network has closed a grant with Aurora for the development of the first bounty network on the platform! The main goal of this project is to deliver a decentralized Aurora Development DAO by deploying a customized Bepro Network (UI+Protocol) on Aurora (Near EVM). This will allow the Aurora Foundation to attract developers from the community to work and contribute to Aurora Github repositories in a decentralized and sustainable way.
More information: CLICK HERE
Stablecoin
Atmos is launching the first competition event for early users
Atmos is launching our first competition event for early users before releasing Atmos Protocol. Total reward size is 10,000 $ATM. The total number of winners amount are 50 participants.
More information: CLICK HERE
Atmos Protocol X Aurigami Cooperation
Atmos AMO will deposit idle USDC into the Aurigami lending pool with the highest APY on
Aurora to generate passive income for $ATM holders.
More information: CLICK HERE
Dex
Fusotao Mainnet is coming soon
Fusotao will live mainnet on Aug 10th. Fusotao Protocol’s DEX allows low trading costs and the user experience is similar to centralized exchanges.
More information: CLICK HERE
Lending/Borrowing
Aurigami Game Opening Ceremony
The premise is simple – the game presents a unique opportunity for players to shorten your existing PULP vesting by 8 months. 1. All PLY lost will go to the Reward Pool. A winner will be chosen every 2 weeks to win this pool. The more you play, the higher your chance of winning this pool.
More information: CLICK HERE
Launching Lend to Earn (L2E) on F Protocol
To celebrate the rebrand from the Pawn Protocol to the F Protocol, F Protocol launches the “Lend-To-Earn campaign”. the event started from 00:00 UTC on August 1st, 2022 to 00:00 UTC on August 31st, 2022.
More information: CLICK HERE
NFTS/GAMING
Near Tinker Union joins the NEARStarter Guild Program
Near Tinker Union is the flagship product of a relentless team of builders behind platforms such as Enleap (NFT launchpad platform) and Meteor wallet. they are working on the second generation of NFTs and provide a wide array of utility for its NFTS (such as $GEAR farming).
More information: CLICK HERE
Solo Ranking 15 is live on Farm Me
This is the ranking of the total number of sowing seeds in the game. This ranking only available for accounts are Lv 1 and Experience = 0. Ticket Lucky Wheel maximum requirement = 0. For each successful seed sowed, System will increase 1 point in the leaderboard.
More information: CLICK HERE
NEW PROJECTS
NEARStarter –LaunchPad: New generation launchpad
F Protocol – Lending: The first NFTs P2P Lending platform on Near Protocol, aims to solve a real problem with the usability of NFTs.
Atomic Green – DEX: The platform for leveraging DEX trading built for EVM networks. Atomic has been awarded a grant from Aurora ecosystem.
VERDICT
Above is the important information in the past week of the Near ecosystem.
I’ll summarize a few key points from the past week.
- TVL on NEAR increased but TVL on Aurora decreased continuously. TVL on Aurora may be being flowed back to NEAR.
- Farm Me is living Solo Ranking 15.
- Fusotao will live mainnet on Aug 10th.
- Aurora is now integrated in Brave Wallet.
- NEARCON 2022 is coming back
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
