Dune Integrates NEAR Protocol Data, Offering Real-Time Blockchain Insights

Highlights:

• Dune integrates NEAR Protocol data, offering developers real-time blockchain insights directly from the NEAR network.
• NEAR’s daily active users tripled to over 3 million, and meta-transactions rose to over 4.3 million this year.
• NEAR’s innovative features, like sharding and Chain Signatures, enhance scalability and user experience.

Blockchain analytics platform Dune has integrated NEAR Protocol data, allowing developers and analysts to gain real-time insights directly from the NEAR network. Using NEAR, users may now monitor transaction volumes, gas fees, active users, blocks, and shards.

👏👏👏 @NEARProtocol is now LIVE on Dune! 👏👏👏

Starting today on Dune, you can
– Track NEAR's network transactions and gas fees
– Monitor dApps, DeFi, and NFT activity
– Explore NEAR's Rainbow Bridge for asset transfershttps://t.co/w9FT7AcTVW

— Dune (@DuneAnalytics) October 22, 2024

Significant Growth in NEAR’s User Activity

NEAR Protocol has experienced rapid growth in 2024. Daily active users surged from 1 million at the year’s start to over 3 million by mid-October. DeFi total value locked on NEAR increased from $90 million to $240 million. Stablecoin value on the network soared from $31 million to over $650 million in the same period.

Furthermore, the introduction of meta-transactions had a major impact on user engagement. Users can now complete transactions on NEAR without owning gas or tokens. As a result, the number of meta-transactions increased from around 20,000 at the start of the year to more than 4.3 million currently.

NEAR’s Innovative Features and Dune’s Future Plans

NEAR stands out due to its better user experience, scalability, and high performance. The protocol employs sharding to improve efficiency, which divides network functions into several components. Nodes increase scalability by handling transactions in parallel.

NEAR also emphasizes “chain abstraction” to make using blockchain as easy as using conventional apps. ‘Chain Signatures,’ which NEAR introduced in August 2024, let users to conduct transactions between compatible networks without utilizing a bridge.

Fredrik Haga, the CEO and co-founder of Dune, said:

“Dune’s integration with NEAR provides developers and analysts with comprehensive access to NEAR’s novel sharding architecture. This makes it possible to track cross-chain transactions, DeFi, and NFT activity precisely.”

Dune intends to integrate 100 blockchains by the end of 2024. With the availability of NEAR data, users may monitor activity across NFTs, DeFi protocols, and key dApps. In addition, they can explore NEAR’s Rainbow Bridge, a function that enables asset transfer between NEAR and Ethereum.

Illia Polosukhin, Co-Founder of NEAR Protocol, commented:

“The NEAR Protocol integration with Dune empowers the NEAR community with practical tools to explore and analyze data across the wide range of activities in the ecosystem.”

NEAR and Zero1 Labs Partner for Decentralized AI

Zero1 Labs has partnered with NEAR Protocol to improve decentralized artificial intelligence. This collaboration aims to enable builders and innovators to construct community-driven AI solutions. Together, they intend to use NEAR’s scalable blockchain architecture to usher in a new era of decentralized AI.

Decentralized AI builders👀@zero1_labs working together with the NEAR ecosystem.

Supporting decentralized AI founders with:
• community building
• product validation
• hackathons

for more details👇 https://t.co/EAFTfKURaI

— NEAR Protocol (@NEARProtocol) October 22, 2024

The collaboration intends to help grassroots teams with community projects, product validation, and hackathons. Zero1 Labs’ Zero Construct Program provides tools and experience to early-stage creators. Meanwhile, NEAR’s blockchain scalability and technological skills will greatly benefit the decentralized AI ecosystem.

NEAR and Zero1 Labs aim to coordinate awareness campaigns and beta testers. The goal of the decentralized AI community is to bring more developers and users closer together. Furthermore, the alliance intends to promote and foster innovative projects and groups that are pushing boundaries of blockchain and AI.

Dune Analytics Partners with Worldcoin to Boost Data Access

Prior to the introduction of World Chain’s mainnet, Dune Analytics and Worldcoin collaborated to improve data access. The partnership enables developers and users to study key on-chain indicators. These include of decentralized exchange (DEX) performance, decentralized finance (DeFi) protocols, and verified human interactions.

We’re excited to work with @worldcoin and bring visibility into the world’s largest privacy preserving human identity network.

Data will be live on Dune the moment World Chain mainnet launches. https://t.co/3QvxtPXela

— Dune (@DuneAnalytics) October 11, 2024

With features like gas-free transactions, the World Chain, based on the OP Stack, prioritizes verified human users. The blockchain, which houses World ID and World App, has more than 6.8 million confirmed users and 150 million transactions worldwide. This partnership will improve transparency and creativity.