Overview of the NEAR Protocol ecosystem in the 12th week of 2022 (March 21, 2022 – March 27, 2022)

• Updates related to the NEAR Protocol ecosystem from March 21 to March 27, 2022
• NEAR Protocol ecosystem on-chain data analysis in week 12 of 2022
• Price movement and number of transactions
• Number of active accounts
• Number of Active Developers
• Total Value Locked (TVL)
• New projects listed on AwesomeNEAR 
• Important DeFi puzzle pieces 
• Aurora Ecosystem
• NEAR Protocol Ecosystem 
• Some outstanding updates from Gaming projects
• The latest news about NFT projects in the past week (March 21 - March 27, 2022) 
• NEAR .'s project development support programs
• Epilogue

Updates related to the NEAR Protocol ecosystem from March 21 to March 27, 2022

Let's take a look at the latest developments from the NEAR ecosystem's outstanding projects in the 12th week of 2022: 

• CoinDesk: NEAR Protocol and SailGP have just reached a multi-year partnership agreement. The developers of the two platforms will work together to research integration technology and implement initiatives such as: DAO for sports team ownership, ticketing, NFT, apps, games to contribute development part of the global Web 3.0 community.
• NEAR Wallet: Updated NFT transfer feature directly from blockchain wallets .
• Pagoda: There is a short post sharing about the plan to build the next generation for Web 3.0 startups.
• Meta Pool – Aurora: Allows staking NEAR with Meta Pool from Aurora using MetaMask .
• Proximity Labs: Donate 1.5 million NEARs to Meta Pool to support projects launching on NEAR Protocol.
• Bastion Protocol: TVL lockdrop reached 293 million USD.
• Ref Finance: Smart routing has been improved, reducing costs and scaling pools.
• Trisolaris DEX: Rift is used to drive DEX growth.
• Octopus Network : Get Coin98 support.

NEAR Protocol ecosystem on-chain data analysis in week 12 of 2022

Before going into the on-chain data of NEAR Protocol, readers can review the article NEAR Protocol Ecosystem Overview in the 11th week of 2022 (March 14, 2022 – March 20, 2022) for convenience. track and compare the platform's movement over the final weeks of Q1.

Price movement and number of transactions

NEAR token price has increased from US$10.68 (March 21, 2022) to US$13.06 (March 27, 2022), or 22.3% within 7 days but there is still a gap very far from the ATH of 20.2 USD in January 2022 (according to CoinMarketCap). 

However, the number of transactions on this ecosystem has decreased significantly. If in week 11, the number of transactions on NEAR Protocol reached over 600,000 transactions/day, almost in week 12 this figure was only 300,000 transactions/day.

Number of active accounts

While just a day earlier (March 20, 2022), Daily Active Account (number of active wallet addresses daily) on the NEAR Protocol ecosystem set a new record of 236,287 addresses, from 21/02 03/2022 onwards, this number has plummeted and there are only about 10,000 active accounts in the day.

Number of Active Developers

Although the price of NEAR is continuously increasing, the on-chain developments show that the situation is getting worse, even the number of Active Developers on the platform has a certain decrease compared to the previous week. 

Currently there are still about 2,000 developers still active and building their applications on NEAR Protocol every day.

Total Value Locked (TVL)

However, during the same period, the TVL (total value locked in smart contracts) of the NEAR and Aurora ecosystems experienced a spike. Specifically, in week 12, TVL of NEAR and Aurora reached the milestone of US$973.43 million, up 44.36% compared to the previous 7 days. 

Led by a new name appearing in the Aurora: Bastion ecosystem, this lending platform has an impressive TVL of $348.69 million.

New projects listed on AwesomeNEAR 

There have been many new projects from many different puzzle pieces joining the NEAR Protocol network in the 12th week of 2022, which are: 

• Infrastructure and Analytics: ICON (ICX), UniWhales, DAOSTATS
• DeFi: Banxa
• NFT: Circa, Tamago, Gorilla Squad, The Munky Monkey, Arrogant Youth Circle, NEARHotDogs, Shit Happens, Shinto Society
• Gaming: Geo Fight, Vorto Gaming, Metaplan, TavernDAO, Exxaverse, NEAR NFT Lottery
• Education: Nearians, NEAR insights.

In addition, the Aurora ecosystem also welcomes the participation of new projects such as: SushiSwap , Electron Labs, Curve Finance, Brilliant Finance, Jaypigs Finance, UNO FARM, Delta.theta, UtanClan, PolyWars, FoxDomains.

Important DeFi puzzle pieces 

Aurora Ecosystem

Two prominent lending platforms on Aurora, Aurigami and Bastion, have entered an extremely exciting technology race. Both projects are trying to create many attractive incentives for users.

Bastion Protocol

As introduced in the on-chain data analysis, Bastion Protocol was the project that contributed the most TVL in the last 12 weeks. The driving force of the sudden increase in TVL is because the project has had outstanding updates as follows:

• Bastion Protocol has successfully integrated Rainbow Bridge right on Bastion's interface.
• Users will earn up to 44% APY profit by staking NEAR on Bastion Protocol platform, they can even get valuable rewards in BSTN and META tokens. 

Aurigami

Not to be outdone by Bastion, Aurigami has also successfully integrated Rainbow Bridge on their interface. This information was announced on March 24, 2022. Besides, investors can make a profit from depositing TRI tokens on the Aurigami platform.

In addition to the two projects mentioned above, other projects on Aurora also made remarkable progress in week 12 such as:

• BlueBit, a decentralized profit aggregation protocol officially launches on the Aurora testnet. Previously, BlueBit also announced a partnership with Trisolaris, allowing investors to trade BBT tokens on Trisolaris's platform.
• AuroraSwap and MultiChain launch APE platform – wNEAR farm.
• Nearpad announces partnership with Rift Finance to increase liquidity for PAD tokens.
• Amaterasu Native DEX coming to Aurora.

NEAR Protocol Ecosystem 

During week 12, prominent DeFi events on the NEAR blockchain main chain include:

• Few and FAR NFT Marketplace announces IDO program on Skyward Finance.
• Ref Finance is about to launch new pools in token farming: SOL – wNEAR and ABR – USDC.
• Jumbo Exchange announces partnership with OIN Finance. Accordingly, OIN tokens will be listed on Jumbo and OIN Finance will list their nUSDO stablecoin pairs on Jumbo Stableswap. In addition, users have the opportunity to receive dual rewards Jumbo – OIN through farming pools.
• Banxa, a solution that allows exchanges, blockchain wallets, and cryptocurrency platforms to instantly convert between fiat and crypto while ensuring compliance with international law, has announced a partnership with NEAR Protocol. This partnership allows users to enjoy fast, secure transactions with low fees. 
• Synthetic Asset Issuing and Trading Protocol Crafting Finance announces that CRF/USDC is available on DODO.
• Ref Finance's REF token has been officially listed on Jubi Exchange since March 18, 2022. In addition, the platform successfully integrates the Sender Wallet browser extension.

Some outstanding updates from Gaming projects

Notable moves in week 12 of blockchain game projects on the NEAR ecosystem are:

• Exxaverse integrates many more attractive gameplay such as: Swords Attacks and Finisher.
• Glory Games World is sponsored by NEAR Protocol.
• Atocha Protocol registered for Mainnet launch on Octopus Network.

The latest news about NFT projects in the past week (March 21 – March 27, 2022) 

Like other leading platforms, NEAR Protocol pays special attention to the NFT puzzle piece, so NFT projects on this ecosystem are getting better and better and every week brings new opportunities such as:

• Andy Warlords, an upcoming NFT project announced to receive a grant from the NEAR Foundation.
• Another NFT project that also received funding from the NEAR Protocol is PioNEARs.
• Paras launches NFT staking program on this platform with a very attractive reward mechanism in REF tokens.
• Few and FAR officially partnered with Billionaire Bulls Club.
• MjolNear Open NFT Marketplace has launched a beta version, allowing users to buy/sell NFT from Paras, Mintbase and any other game or collection on the same marketplace.

NEAR protocol development team activities

NEAR Protocol continues to handle and resolve issues such as: Programming interface, wallet, node experience, node interface, core, contract runtime, and DevRel reporting.

The Prime Lab team held AMAs on validator-related issues with participation from Proximity Labs and Pagoda.

The Meta Pool team has completed a security test report when staking wNEAR tokens in the Meta Pool on BlockSecTeam Aurora. 

NEAR .'s project development support programs

The NEAR Grant and Aurora Grant programs continue to be implemented in week 12 to facilitate the developer community to access capital, high-tech techniques or receive special mentoring from the team. team of leading experts in the world.

In addition, the Astro DAO incubator also launched a $500,000 seed fund to fund and support new DAOs.

Epilogue

Thus, the TraderH4 team together with you summarize the performance of the NEAR Protocol platform in the 12th week of 2022. Although this week NEAR did not have the same remarkable growth as last week, but overall, This is a recovery week for NEAR to prepare for the big plans to come. Investors should continue to monitor the next updates and analysis on TraderH4 to choose the right investment time for themselves.

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