Circulating Supply: Locked, Staked and Liquid

    Overview of Analysis

    The goal of this is to create a dashboard that breaks out the circulating supply of NEAR into staking, locked, and liquid NEAR. You can use the circulating supply stat chart on the NEAR Explorer as a guide for the total circulating balance https://explorer.near.org/stats.


    In this analysis, the stats related to the NEAR token on the NEAR ecosystem have been investigated. These stats are the total supply, circulating supply, staked NEAR, locked volume and liquidated NEAR. This investigation is divided into these sections:

    • The individual analysis of the mentioned parts
    • The combined analysis
    • Conclusion drawn by the outcomes of previous parts
    About NEAR

    NEAR is a public, sharded, extensible blockchain network based on the proof-of-stake (POS) paradigm. Developers can use this platform to launch their own decentralized applications (similar to the Ethereum network). The token of this network is called $NEAR, which is the functional token of this network. The main goal of the NEAR network is to create an infrastructure for creating a new Internet. In the new internet, it will be harder for big companies to access people's personal information. Countries cannot ban some programs and destroy their business in this system. A world of freedom where everyone can act freely.

    Circulating supply refers to the total number of tokens or coins that are currently available and in circulation in the market. This includes tokens that have been issued and are not locked or held by the project team, investors, or other parties.

    Staked NEAR, on the other hand, refers to NEAR tokens that have been locked up or "staked" by users to participate in the network's consensus mechanism and earn rewards. When users stake their NEAR tokens, they are essentially contributing to the security and decentralization of the network.

    The amount of staked NEAR can affect the circulating supply of NEAR tokens. If more users stake their NEAR tokens, the circulating supply will decrease as those tokens are locked up and not available for trading or other purposes. Conversely, if users unstake their NEAR tokens, the circulating supply will increase as those tokens become available for use again.

    Overall, staked NEAR plays an important role in maintaining the security and stability of the NEAR blockchain, while also potentially affecting the supply and demand dynamics of NEAR tokens in the market.

    Methodology

    The data provided by Flipside has been used to handle this analysis.

    • In this investigation, first of all, the total supply has been obtained using on-chain data. After that, the circulating supply is determined based on the data on the official website.
    • The time basis of this analysis is selected on the monthly basis.
    • The total stake volume obtained from the
    near.core.fact_actions_events_function_call
    WHERE method_name IN ('deposit_and_stake')
    
    • The locked volume is obtained from the difference between the total supply and circulating supply.

    • The liquidated volume is determined by considering the total, locked and staked volumes as below:

    total_volume - Locked_volume - staked_volume as liquid_volume