NEAR Protocol (NEAR) announces a noteworthy developer and community accomplishment amid big AI announcements. One of the top performing native cryptocurrencies over the past seven days is its main currency.
NEAR Protocol sets new popularity record by this metric
Among L1 cryptocurrencies, NEAR Protocol (NEAR) has the highest user retention rate over the past 12 months. According to data source Artemis, the primary adoption measure for this blockchain is 9,53%.
Over time, all NEAR Protocol (NEAR) rivals showed poorer retention numbers. For example, in the C-chain of Avalanche (AVAX), just 8.19% of customers returned after a year, whilst in the case of BNB Chain, this measure just topped 7%.
According to research, the biggest blockchains by TVL, Ethereum (ETH) and Tron (TRX), could not attain a 5% user retention rate in the past 12 months.
There are 19 active decentralised financial applications (DeFis) using NEAR Protocol (NEAR) with a total TVL of $306 million in equivalent, according to DefiLlama data.
The biggest NEAR’s DeFis by TVL are Burrow, LiNEAR Protocol, and Meta Pool Near; they operate in the decentralised lending and liquid staking sectors.
NEAR coin price outperforms all large caps
Based on statistics from CoinGecko, NEAR, the native cryptocurrency core of the NEAR Protocol, was the top performing major altcoin last week.
With a 26% increase in just seven days, it rose to the fifth position among the top 100 coins in terms of growth rate. Only the popular meme currencies FLOKI, BONK, PEPE, and Hedera (HBAR) token—which was the result of an overhyped announcement—outrank it in this list.
The possible AI integrations that are essential to the use of NEAR Protocol (NEAR) in this booming market may be the reason for the NEAR rise.
