Overview

Sweatcoin is a free app that has been rewarding people's daily steps for years with a state-of-the-art currency, which can be spent on amazing products, donated to charities, etc [1].

However, Sweatcoin recently started a partnership with Near Protocol to launch its own SWEAT coin. This allows steps to be converted directly into a cryptocurrency [2].

To do so, the company has launched its own SWEAT Wallet that connects to the old Sweatcoin app to pass the first 5000 steps of Sweatcoin users to SWEAT.

Methodology

This dashboard has been created to explore the impact of this new token SWEAT and its own SWEAT wallet. The idea is to find some interesting metrics to track the influence of this new revolutionary platform to the Near Protocol.

The main metrics analyzed are:

• User activity impact
• New users impact
• Transactions impact
• Near transfers out

In this first chart, we can see some user metrics to track the impact of SWEAT. On the left, the daily active users and on the right, the new users joining the platform. The gray bar represents the Near numbers and the pink bars the SWEAT numbers. The lines represents the percentage share of SWEAT on Near platform.

In terms of active users, we can see how the amount of Near transactions increased suddenly just after the SWEAT wallet launch. We can see how the amount of active users interacting with SWEAT is similar, representing around 87% of the total daily active users on Near,

On the other hand, the trend is similar on the new users activity. The number increased since the SWEAT wallet launch. In this case, the SWEAT new users numbers are closer to the entire Near platform represeting more than 95% of the Near new users.

This final charts represents the number of Near transfers going out. Here we can see how the new SWEAT contract transfers increased heavily since the inception. Taking into account the other chart, it can be seen how SWEAT contract represents 87.5% of the total Near token transfers out, receving more than 1.3M of transfers.

Key insights

• The amount of Near transactions increased suddenly just after the SWEAT wallet launch.
• The amount of active users interacting with SWEAT is similar, representing around 87% of the total daily active users on Near,
• The number of new users increased since the SWEAT wallet launch.
• The SWEAT new users numbers are closer to the entire Near platform represeting more than 95% of the Near new users.
• SWEAT contract not only increase its own number of trasnactions since its inception, but also increased the other contracts’ interactions.
• SWEAT contract almost represents 25% of the total Near transactions, receving more than 2.5M of transactions.
• SWEAT contract represents 87.5% of the total Near token transfers out, receving more than 1.3M of transfers.

Looking at the transactions, we can see how the new SWEAT contract not only increase its own number of trasnactions since its inception, but also increased the other contracts’ interactions. Taking into account the other chart, it can be seen how SWEAT contract almost represents 25% of the total Near transactions, receving more than 2.5M of transactions.