{"id":202471,"date":"2023-11-29T02:00:35","date_gmt":"2023-11-28T20:30:35","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=202471"},"modified":"2023-11-29T02:00:35","modified_gmt":"2023-11-28T20:30:35","slug":"near-protocol-overtakes-ethereum-and-bitcoin-in-key-activity-metrics-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/near-protocol-overtakes-ethereum-and-bitcoin-in-key-activity-metrics-crypto-news\/","title":{"rendered":"NEAR Protocol Overtakes Ethereum and Bitcoin in Key Activity Metrics &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>Two dApps are fuelling NEAR\u2019s growth over the past three months.\n<\/p>\n<div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/what-is-near-protocol-2\">NEAR<\/a>, a smart contracts platform, is beating out Bitcoin and Ethereum in at least two key network metrics.<\/p>\n<p>Activity on NEAR has spiked since September, overtaking Bitcoin and Ethereum, both in terms of daily transactions and active addresses. After retracing from that initial jump, both metrics have continued to climb, widening their gap relative to the two largest blockchains.<\/p>\n<p>NEAR has 838,000 daily active addresses, the most out of major <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/what-are-layer-1s-and-layer-2s\">Layer 1<\/a> chains after Tron, tying with BNB Chain, with Bitcoin, Solana and Ethereum coming next, according to data provider Artemis Terminal. NEAR\u2019s daily transactions of 1.7M beat out Ethereum, Bitcoin and Avalanche, while still trailing Solana, Tron and BNB Chain, the data show.<\/p>\n<figure><figcaption class=\"text-center text-xs\">Layer 1 Daily Active Addresses &amp; Daily Transactions<\/figcaption><\/figure>\n<h2>Games and Payments<\/h2>\n<p>Games and payments apps are fueling growth, with KAIKANOW, a shopping app, leading the way in terms of active wallets. Fitness app SWEATCOIN drove the spike in September, when it launched in the U.S., and today reached 1 million on-chain active users for the first time.<\/p>\n<p>\u201cWe built NEAR Protocol to be the entry point to the Open Web and onboard the first billion users,\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/ilblackdragon?s=20\">Illia Polosukhin<\/a>, co-founder of NEAR Protocol, said in an emailed comment. He said SWEAT\u2019s success is \u201cdemonstrating that a great Web2 business can successfully migrate to Web3 and showcasing the power of NEAR to support global mainstream usage.\u201d<\/p>\n<p>While outperforming in terms of network metrics, NEAR\u2019s native <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/near\">token<\/a> is trailing BTC and ETH this year. NEAR has gained 42% year-to-date, compared with ETH\u2019s 73% increase and BTC\u2019s 130% rally.<\/p>\n<figure><img decoding=\"async\" alt=\"the-defiant\" loading=\"lazy\" width=\"768\" height=\"634.1113801452784\" data-nimg=\"1\" class=\"mx-auto\" id='b' style='filter: url(%23b)' src=\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fc9cd92ef64610402fc4dfe483d19965ddf3c38bf-826x682.png&amp;w=828&amp;q=75\" \/><figcaption class=\"text-center text-xs\">NEAR vs ETh vs BTC <\/figcaption><\/figure>\n<h2>KAIKAI and SWEAT<\/h2>\n<p>Kai-Ching, the native stablecoin of the KAIKAINOW shopping app, leads the way for unique active wallets among all blockchain dapps, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dappradar.com\/rankings?sort=uawCount&amp;order=desc&amp;range=24h\">according to DappRadar<\/a>, showcasing 683,000 in the past 24 hours.<\/p>\n<div class=\"relative flex items-center gap-2 rounded-md bg-[#191919] p-2 my-4 lg:hidden\">\n<div class=\"relative group  flex w-max items-center gap-2  p-2 text-sm text-white mx-auto\"><strong class=\"whitespace-nowrap w-min sm:w-auto bg-gradient-to-r from-[#9FF9D2] to-[#DB9FF9] bg-clip-text text-transparent\">DeFi Alpha<\/strong><span class=\"whitespace-nowrap  w-min sm:w-auto border-l border-white pl-1 lg:hidden\">Premium Content<\/span><\/p>\n<div class=\"tooltip font-heading shadow-cta absolute hidden lg:visible left-6 z-10 -top-[80px] w-max max-w-xs translate-y-full flex-col rounded-lg bg-[#EEEEF4] p-3 text-left text-xs text-black group-hover:flex lg:left-auto lg:right-4\">Looking for Alpha? Become a premium member of The Defiant and join our DeFi Alpha community.<\/p>\n<ul class=\"list-inside list-disc\">\n<li>DeFi Daily | Weekdays<\/li>\n<li>DeFi Alpha Letter | Weekly<\/li>\n<li>Defiant Podcast Transcript | Weekly<\/li>\n<li>Inbox Dump | Saturday<\/li>\n<li>Weekly Recap | Sunday<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/thedefiant.io\/go-premium#pricing\" class=\"disabled:bg-cta-disabled-background disabled:text-cta-disabled-text rounded font-semibold border-cta-primary-border bg-cta-primary-background text-cta-primary-text hover:border-cta-primary-border-hover hover:bg-cta-primary-background-hover ml-auto block p-2 text-center text-sm !text-black !no-underline shadow-newButton\">Start for free<\/a><\/div>\n<p>KAIKAINOW recently partnered with shopping behemoth Cosmose AI, which uses artificial intelligence to power better shopping experiences. <\/p>\n<p>The integration, announced in April, meant Cosmose AI ditched Stripe, choosing to go with KAIKAI, a move that the company says has driven more than 1 million transactions through the app. Kai-Ching, in fact, leads unique active wallet users in terms of 24 hours, 7 days, and the past month.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/sweat-economy-shakes-up-web3-with-biggest-governance-proposal\">Sweat Economy<\/a>, a \u201cwalk-to-earn\u201d app designed to incentivize movement, has 118,000 unique active wallets, in the past 24 hours\u2013eclipsing Ethereum-based game Pixels by 16,000 UAW.<\/p>\n<figure><img decoding=\"async\" alt=\"the-defiant\" loading=\"lazy\" width=\"763\" height=\"378.46395806028835\" data-nimg=\"1\" class=\"mx-auto\" id='b' style='filter: url(%23b)' src=\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F5ae3aebd245004b17dca593208ce9560d0916703-763x376.png&amp;w=828&amp;q=75\" \/><figcaption class=\"text-center text-xs\">Near Applications <\/figcaption><\/figure>\n<p>KaiKai and Sweat currently comprise roughly 90% of all transactions on NEAR. And according to data points from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/flipsidecrypto.xyz\/omer93\/what-is-the-cause-of-the-near-activity-s-rise-VJK3X6\">flipsidecrypto<\/a>, the two largest sectors on the platform are dApps (with 80% of all activity), and gaming.<\/p>\n<p>NEAR\u2019s recent success will be more sustainable with a larger number of popular dapps, as consumers\u2019 attention has proven to be fickle \u2013 what\u2019s trending one day can quickly fade the next.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Two dApps are fuelling NEAR\u2019s growth over the past three months. NEAR, a smart contracts platform, is beating out Bitcoin and Ethereum in at least two key network metrics. Activity on NEAR has spiked since September, overtaking Bitcoin and Ethereum, both in terms of daily transactions and active addresses. After retracing from that initial jump, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":202472,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-202471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/202471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=202471"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/202471\/revisions"}],"predecessor-version":[{"id":202478,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/202471\/revisions\/202478"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/202472"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=202471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=202471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=202471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}