This Near Weekly Recap is provided solely for informational purposes and does not constitute investment advice. Last week continued to be a strong adjustment week for the market. The price of $NEAR has decreased to below $11. In my personal opinion, the above adjustment is quite deep. However, this is still not a sign of the long-term discount of $NEAR. Near ecosystem still has many important updates and daily development. Take a look at some notable important news on the Near ecosystem last week.
Network Growth
Daily Transactions
This week, the NEAR ecosystem has 6,617,267 transactions, an increase of 57.4% compared to the previous week. This is a significant increase over the past 1 month. On average, there are 945,323 transactions per day.
Unique Addresses
There are a total of 7049,589 addresses in the NEAR ecosystem. The number of new wallets created this week is 588,260 addresses, a slight decrease of 4.3% compared to the number of new addresses created last week.
Active Addresses
There were 58,829 active addresses this week, a significant decrease of 18.4% in the number of active wallets from last week. On average every day there are 8,404 addresses with transaction activity on the Near ecosystem.
Total Value Locked
Total Value Locked continued to increase by 6.7% to $1.77 billion. TVL continues to surpass the new ATH. However, this increase in Total Value Locked came from AURORA, with $1.31 billion up 11% compared to last week’s TVL. NEAR’s TVL slightly fell 3.2% to $461.72 million.
Highlight Events
USN – First Stablecoin Launched on NEAR Protocol
USN is a soft-pegged NEAR-based stablecoin to the US Dollar, backed by a Reserve Fund that includes NEAR, along with USDT. The NEAR used to generate the USN will be transferred to the Reserved Fund, which is automatically balanced to maintain a ratio that is always greater than 100%. The stable design of the USN means that in the worst case, Decentral Bank could buy back all the USNs ever issued.
For more information: Click here
NEAR -14D Fixed Promotion
NEAR-14D Fixed program comes from Kucoin with 18% APY for users who deposit NEAR within 14 days. The maximum number of NEAR users who can Deposit is 10k $NEAR. For a period of 14 days, $NEAR will be locked on Kucoin, so users should consider it before locking tokens on the platform.
For more information: Click here
Spotlight Projects
Top 10 Losers of Near Ecosystem
Bastion is a partner with MetaPool
Bastion announces a partnership with Meta Pool to support the integration of $stNEAR as collateral. This integration helps support Farming $stNEAR leverage on Bastion up to x10. In addition, users can also receive a double reward of $META and $BSTN as an enhanced reward for participating in both protocols.
For more information: Click here
Bastion Protocol is listed on Hotbit
$BSTN list Hotbit with trading pair BSTN/USDT. Users can deposit and trade BSTN from April 25, 2022, on Hotbit.
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New Farming pool on Ref Finance for USN
New Farming Pool USN/USDT is now available on Ref Finance with Ref Reward. USN is USN’s first native stablecoin. Farming Pool USN/USDT helps to increase the initial demand for USN. Stimulating liquidity on Ref Finance
Trisolaris receives DeFi Grant from Proximity Labs
Trisolaris received DeFi Grant from Proximity, this funding amount of 150,000 $AURORA will be distributed to all users through liquidity mining reward in the form of $AURORA within 3 months. Pools will receive double rewards include: NEAR/USDT, NEAR/USDC and AURORA/NEAR
For more information:Click here
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
If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].
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
