NEAR Protocol Excels: Leading in User Retention and Performance

NEAR Protocol (NEAR) celebrates significant milestones achieved by its vibrant community and dedicated developers. Notably, its primary cryptocurrency has emerged as one of the top performers in the past week.

Impressively, over the last 12 months, NEAR Protocol (NEAR) has maintained the highest user retention rate among Layer 1 altcoins. Data from Artemis reveals a striking adoption rate of 9.53% for this blockchain, surpassing its competitors by a significant margin. In contrast, other platforms like Avalanche (AVAX) and BNB Chain struggle with lower long-term retention rates, with figures barely exceeding 8% and 7%, respectively.

Even major blockchains like Ethereum (ETH) and Tron (TRX) have fallen short, failing to achieve 5% user retention over the same 12-month period. Highlighting NEAR’s growing ecosystem, DefiLlama statistics show 19 active DeFi applications on the NEAR Protocol (NEAR), boasting a combined Total Value Locked (TVL) of US$294.38 million. Leading the pack are platforms like Burrow, LiNEAR Protocol, and Meta Pool Near, operating in the decentralized lending and liquid staking sectors.

NEAR, the flagship cryptocurrency of the NEAR Protocol, has recently outshone its peers, earning the title of the best-performing major altcoin of the previous week, as per CoinGecko. Among the top 100 coins, NEAR secured the fifth position in terms of growth rate, surging by an impressive 26% in just seven days. This surge can be attributed to the exciting prospect of AI integration, a crucial element driving NEAR Protocol’s potential in this dynamic landscape.


Disclaimer: Not Investment Advice

it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.

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