This Near Weekly Recap is provided solely for informational purposes and does not constitute investment advice. Near price continued to decline sharply in the past week, due to many bad news in the market. Projects on the system continue to develop and launch many liquidity incentive programs to attract users to the project during this difficult period. Let’s take a look at some important news with Coincu in the past week.
Network Growth
Near Price Last 7D
$NEAR has had a significant decline over the past week. With the opening price of the week at $5.32 and closing at $3.6, down approximately 30%. NEAR in the upcoming week could drop to the $2-$2.5 zone. This is the lowest price since July 2021.
Daily Transactions
This week, the NEAR ecosystem has only 4,400,588 transactions, an average daily transaction of 628,655 transactions. It is down approximately 7.7% from last week, with the number of transactions in week 22 being 4,769,918 transactions. When the market is downtrend, trading becomes less attractive.
Unique Addresses
The number of unique Near addresses continued to grow significantly this week. Specifically, there are now more than 14,421,555 unique addresses in the Near ecosystem. The number of new addresses created this week is 623,951. The number of new addresses created this week is about 34.41% less than the number of new addresses created last week.
Active Addresses
There were 49,985 active addresses this week, a 20.7% increase in the number of active addresses compared to last week. On average, there are 7,140 addresses with transaction activity in the Near ecosystem every day. Last week, the number of active addresses increased sharply and the price of NEAR decreased. It can be seen that investors are selling their assets.
Total Value Locked
The Total Value Locked down-dropped to $686,26 million, TVL has dropped by 13.75% in one week. TVL Near decreased by 19.1% in the past week, from $429,94M to $347.78M. TVL on Aurora has also decreased, down approximately 7.64% to $338.48M.
Top Price Performance in Near Ecosystem last 7D
Highlight event
NEAR at Consensus
This special Town Hall segment will feature “man on the street” video interviews from Consensus. They will feature NEAR Foundation team members David Morrison (Community Moderator) and Chad Lamon (Video Producer).
NEAR Foundation CEO Marieke Flament will open the June Town Hall with a brief segment on why NEAR is thrilled to be a Level 5 sponsor of Consensus. She will also give developers, projects, and investors ecosystem updates, and remind the community of its shared vision of mainstreaming Web3 technology and apps.
For more information: click here
Backstage Is Integrating with NEAR Protocol, Blockchain Integration Planned for Q3 2022
Backstage platform is integrated with the NEAR Protocol, Backstage will be able to benefit from the blockchain’s incredible features and capabilities. A climate-neutral blockchain, NEAR Protocol offers high speeds, low fees, and progressive UX, as well as multi-chain connections. NEAR runs in concert with Ethereum, Cosmos, Polkadot, and more.
Simply put, this integration with NEAR will enable Backstage and its partners to get the most out of our tech solutions. Thanks to NEAR’s solutions for scaling and multi-chain features
For more information: click here
Octopus is a sponsor at Near hacker House
Octopus project was invited to be the sponsor at Near hacker House. The NEAR Hacker House in ATX is a weeklong in-real-life event (with digital bounties & activities) from Wednesday, June 8 — Sunday, June 12 [w/Co-working + Creation from Sunday, June 5th— Tuesday, June 7th], with in-person guidance from key industry players in the NEAR ecosystem providing training, mentorship, and acceleration for builders, artists, and marketers. Each night after the Hacker House, there will be an agenda of social and community-driven events.
For more information: click here
DeFi Lego
New project
Octogamex
Octogamex is a multi-chain NFT trading platform that united the most popular GameFi, Metaverse collections Powered by BNBChain & Aurora
Stader.Near
Stader.Near is building an economic ecosystem, across chains, allowing third parties to grow and develop staking solutions on top of its infrastructure.
Dex
Trisolaris launches new farming pools
Trisolaris also launched 3 new liquidity pools along with an extremely attractive liquidity incentive program for each pool. Specifically:
- $stNEAR <> $TRI: 62,500 $META/week + $TRIAL
- $BRRR <> $wNEAR: 45,000 $BRRR/week + $TRIAL
- $PAD <> $wNEAR: 750,000 $PAD/week
For more information: click here
Jumbo Network launch BRRR Farming with 900% APY
Jumbo launches farming for BRRR with APY up to 900%. Currently this APY level has dropped to about 350% and is balancing at this level. This program will incentivize users to increase liquidity for pools with BRRR tokens. You should take advantage of this time to be able to optimize your profits.
Below is the TOP 5 Farming pool on Jumbo Network
For more information: click here
Retrodrop awards claiming on Jumboswap
After months of waiting, the project has finally paid off the early adopters of the protocol. Details on how to receive is attached to the link below.
For more information: click here
Aggregator
Rubic’s Special Zero-Fee Campaign
Rubic turns off protocol fees for Multi-Chain swaps which are completed directly at app.rubic.exchange from 6th June to 20th June. Although, our special Zero-fee campaign will fully cover the timing of Consensus 2022 — June 9–12, and our new upcoming partnership.
The campaign will run in parallel with the on-going third round of Rubic governance voting. There you can decide on the minimum amount of tokens to hold for there to be no platform fees during swaps for those holding at least that amount.
For more information: click here
LuanchPad
Boca Chica TGE and Last Call Sale
After many months of waiting, Bocachi announced his TGE date (September 10, 2022). The project also held a last call sale with 3 different sales rounds to raise capital for the last time before TGE.
Besides the sale, they are also going to be releasing a very exciting feature on Boca Chica called NFT Auction. NFT auction allows you to flexibly sell your NFT collections on NEAR. Sleek interface, user-friendly experience and ease of use are the main hallmarks of NFT Auction of Boca Chica.
For more information: click here
Verdict
Here are some important updates in the Near ecosystem over the past week. 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
