The post NEAR Protocol’s 450M Transactions What It Suggests About Price appeared on BitcoinEthereumNews.com.

NEAR Protocol has recorded 450M transactions with 12.3M unique addresses in the last 30 days. The increased user engagement has shifted market sentiment NEAR Protocol has captured the attention of the wider crypto community following a massive surge in transactions and new addresses. According to an analyst, NEAR addresses have increased over the last two months. Masi, reported these developments on X (formerly Twitter), stating that, “In June, @NEARProtocol compared to the popular chains was. 1 in the Number of Active Addresses (16.9m). 1 in low-cost fees (. In June, @NEARProtocol compared to the popular chains was👇 #1 in the number of Active Addresses (16.9m)#1 in low-cost fees (#1 in Success Rate (99.9%) #2 in Average STPS (94)#2 in Number of txns (239m)55% retention of May Users with 12.3m new Users More 👇 pic.twitter.com/HT71ehkIb3 — Masi (@Masi_DN) July 5, 2024 Accordingly,  Flipside’s official X page also reported the fast growth that NEAR is experiencing. They announced, “New users on @NEARProtocol have outpaced the growth rate of every other top chain in the past year. NEAR has now been second in total new users since the beginning of 2023.” New users on @NEARProtocol have outpaced the rate of growth of every other top chain in the past year. NEAR is now second in total new users since the beginning of 2023. We covered the trends leading to this growth in our latest report 👇 pic.twitter.com/PgogJBzawU — Flipside 📊 (@flipsidecrypto) July 3, 2024 Increased transactions and address activities have helped NEAR prices recover from recent losses. With higher engagements, bulls are pushing to overcome resistance. This led to 450 million total transactions and 227.7 million unique users. In June, NEAR attracted 12.3 million new addresses and 5.8 million in May. What’s Driving User Engagement Various factors have played a crucial role in…

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Filed under: News - @ July 9, 2024 8:16 am