Mass Adoption? NEAR Protocol Sees Over 12 Million Unique Addresses In 30 Days

The NEAR Protocol blockchain is seeing an increase in in user activity, sparking a great deal of positive vibe for its future. Transaction volumes and active addresses have been up in recent months, pushing the protocol up into the spotlight of the cryptocurrency community. Market observers point to several factors driving this growth, including the protocol’s focus on scalability, low fees, and its ambitious foray into artificial intelligence (AI) integration. Related Reading: $2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites Active Users Flock To NEAR Scalable Ecosystem Data suggests a significant rise in user engagement on the NEAR blockchain. According to analyst reports, it boasted the highest number of active addresses (almost 17 million) compared to other top chains in June. This growth in user figures was in line with other positive metrics, including the network’s impressive success rate (almost 100%!) and low transaction fees. Notably, NEAR also ranked second in terms of total transactions processed (239 million) and average transaction speed (measured in Steps). In June, @NEARProtocol compared to the popular chains was

Jul 8, 2024 - 16:00

Mass Adoption? NEAR Protocol Sees Over 12 Million Unique Addresses In 30 Days

The NEAR Protocol blockchain is seeing an increase in in user activity, sparking a great deal of positive vibe for its future. Transaction volumes and active addresses have been up in recent months, pushing the protocol up into the spotlight of the cryptocurrency community.

Market observers point to several factors driving this growth, including the protocol’s focus on scalability, low fees, and its ambitious foray into artificial intelligence (AI) integration.

Active Users Flock To NEAR Scalable Ecosystem

Data suggests a significant rise in user engagement on the NEAR blockchain. According to analyst reports, it boasted the highest number of active addresses (almost 17 million) compared to other top chains in June.

This growth in user figures was in line with other positive metrics, including the network’s impressive success rate (almost 100%!) and low transaction fees. Notably, NEAR also ranked second in terms of total transactions processed (239 million) and average transaction speed (measured in Steps).