NEAR Protocol is a proof-of-stake public blockchain with smart contract capability that aims to act as a community-managed cloud computing platform. It provides a platform on which developers can build decentralized applications (dapps).

Each week, the NEAR Foundation publishes publish data to help the NEAR community understand the health of the ecosystem as part of their Transparency Report.

One of the main aspects to consider for these type of L1 blockchains is the competence. Users are constantly choosing for the best network to act and to use considering several aspects such as speed, success transactions, performance etc.

The intention of this analysis is to provide information about the current status of Near Protocol network activity by providing metrics such as:

• New users
• Active users
• Executed transactions
• Generated fees
• Gas used
• New contracts
• Active contracts

The most important metric for transparency is the activity on the network in terms of users usage. So, the first metric to be analyzed are the new and active users over the past weeks on Near.

In concrete, the following charts shows:

• Last week new users (hourly and cumulative)
• Last month new users (daily and cumulative)
• Last 3 months new users (weekly and cumulative)

One of the useful metrics to see if the network is healthy used is the amount of transactions being carried out by users. So, the next metric we are gonna analyze is the number of transactions being executed on Near.

In concrete, the following charts shows:

• Last week transactions (hourly and cumulative)
• Last month transactions (daily and cumulative)
• Last 3 months transactions (weekly and cumulative)

Following the Near Foundation Weekly Transparency Report and using Flipside Crypto data, I have been able to develop a tool that tracks Near activity in a more user-friendly and clean way.

The most interesting thing I have found is the way in which the activity takes place in NEAR. It seems that users tend to use the ecosystem more during specific hours. The peaks seems to be registered from 5:00PM to 8:00PM. The same pattern holds true for active users, transactions and gas used!

Furhtermore, the activity since to be increased during the last week in which users, transactions and gas used have been doubled!

The amount a user paid in fees for each transaction is important to the developemtn and success of a network. So, if the network congestion increase and the fees started to increase, it will be a moment when users started to do less transactions and the activity on the network will decrease, so its important to evaluate as well not only the gas price but also the amount of fees paid per transactions. So, the next metric we are gonna analyze is the amount of fees generated on Near and the gas spent.

In concrete, the following charts show:

• Last week fees and gas spent (hourly and cumulative)
• Last month fees and gas spent (daily and cumulative)
• Last 3 months fees and gas spent (weekly and cumulative)
• Last week average fees and gas spent (hourly)
• Last month average fees and gas spent (daily)
• Last 3 months average fees and gas spent (weekly)

The final metric to take into account is the amount of new and active contracts on the ecosystem. If the amount of new contracts increase, it would say that the network is growing and then, in expansion. So, its important to calculate this metric as well as the active contracts right now to see if the ecosystem is consistent.

In concrete, the following charts show:

• Last week new and active contracts (hourly and cumulative)
• Last month new and active contracts (daily and cumulative)
• Last 3 months new and active contracts (weekly and cumulative)