Messari released the NEAR 2024 Quarter 1 Status Report. NEAR Quarter 1 TVL was $335 million, up 163% from the previous quarter and up 547% from the previous six months. The number of daily active addresses was 1.20 million, up 42% from the previous quarter and up 377% from the previous six months. NEAR's stablecoin market cap increased 176% from the previous quarter to reach $214 million. USDT increased 1,155% from the previous quarter to $88 million, while USDC increased 189% from the previous quarter to $85 million.
The NEAR Foundation announced its Chain Abstraction strategy to simplify user interaction across chains. It leverages three core technologies: NEAR Accounts, Chain Signatures, and Intent Repeaters.
Messari: NEAR 2024 Q1 TVL at $335 million, up 163% sequentially
2024-05-04 22:56:59
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