WHY PARAS?

Because its among the Near trending projects (Source) and its one of the best NFT marketplaces on Near (source).

At the first step, we should find Paras contracts; to reach this goal I used Paras docs and check it with transaction count:

Based on Paras docs, the first two contracts are Paras NFT contract and Paras marketplace contracts;

• NFT contract (x.paras.near) serves all the NFT created on Paras. this is where NFT will be minted from the creator
• Marketplace contract (marketplace.paras.near) is where buy and sale single NFT happens.

As you see, these two contracts have the most transaction count too.

> This analysis was created by MRFTI (Flipside, Twitter, mrfti#7948 on Discord) on 5 October 2022 for Flipside Crypto's Open Analytics Vol. II: Environmental Impact Study bounty

Introduction:

Paras is an NFT marketplace on the NEAR blockchain that allows users to trade digital collectibles. Creators and developers can also easily build their crypto-native app on top of Paras.

This dashboard will investigate into this platform to analyze its impact on NEAR protocol.

Methodology:

• Flipside Crypto database
• near.core.fact_transactions table.
• Paras docs
• Awesome NEAR

Conclusion:

• Paras has the most users in Jan to Mar 2022 in which make the most income on that time period as well.
• Generally, there is a mild correlation between Near and Paras based on daily user and daily transactions.
• There is no obvious relationship between Near price and Near/Paras daily users/transactions.
• Most of Paras users buy NFTs on this platform (in comparison to other tasks like adding offer) but on the other hand most transactions are for setting price on NFTs.
• Most fees earned by Parasnis for buying NFTs and it’s followed by approving NFTs task.
• Paras has 2.03% of all Near transactions but it earns 2.13% of all fees.
• Since Paras make more money than its total tx share, we can say it’s a beneficial project for Near protocol.
• Since Paras rate of usage isn’t related to Near price, we can say it’s a protocol stabilizer and its not influenced by market easily.