NEAR protocol may not be the most popular crypto project but it is certainly up there in the list of promising crypto networks. A look at its past achievements and developments is perhaps the best progress assessment strategy.

Fortunately for NEAR investors, the protocol just released an update highlighting noteworthy achievements in the last few weeks. User growth is a great way of assessing the level of growth and adoption. According to the update, NEAR Protocol had roughly 22.6 million wallets or accounts created since October 2020.

The data revealed that almost 1,000 WEB3 projects run on NEAR. In addition, the network confirmed that it raised over $500 million, and most of those funds were raised in the last 12 months. But how does all this stack up against on-chain data?

NEAR maintained healthy levels of social dominance in the last 12 months. The same can be said about its development activity.

(by Michael Nderitu)