• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

What is the Near Protocol Ecosystem (Close to)? The most thorough overview of the Near Protocol ecosystem

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Cardano vs Solana - which ecosystem is better

Cardano vs Solana – which ecosystem is greater?

March 9, 2024
What is the MUX (MCB) protocol?  Decentralized trading platform with perpetual contract

What is the MUX (MCB) protocol? Decentralized trading platform with perpetual contract

November 22, 2023
Close to the protocol
Close to the protocol

What is the Near protocol?

Close to Protocol is Ethereum’s decentralized application platform (dApp) and competitor centered on ease of advancement and consumer. Near is the protocol’s native token, utilized to shell out transaction charges and to retail outlet on the neighboring cryptocurrency platform. Close to is a Proof-of-Stake blockchain that utilizes sharding technological innovation to reach scalability.

Highlights of the Near protocol:

  • Low transaction charges, ten,000x reduced on Ethereum.
  • The financiers of the undertaking are critical investment money this kind of as: a16Z, Coinbase Venture, Multicoin Capital, IOSG Venture, Pantera, Dragonfly Capital.
  • Compatible with EVM. The Near Protocol undertaking staff designed Aurora, an EVM that enables Ethereum tasks to conveniently carry dApps from Ethereum to Near Protocol.

Token near

Market capitalization: $ four,782,334,465

Circulating provide: 565.215.945 Close to

Total provide: one,000,000,000 VND

Rank: 45

Listed stock exchange: Binance, OKEx, Kucoin, MXC, Crypto.com, BitMart, …

Fragments of the ecosystem

Stablecoin

Currently in the Near ecosystem there are four stablecoins: USDC, USDT and DAI, TUSD.

But the liquidity of these three stablecoins on Near is even now really minimal, primarily transferred from Ethereum to Near Protocol by consumers by way of Rainbow Bridge.

In the close to long term, in addition to the aforementioned stablecoins, Oin Finance will difficulty personalized stablecoins on the Near Protocol ecosystem. Oin Finance acquired the assistance of the Near Foundation.

In finance

Oin Finance is a decentralized multi-chain stablecoin issuance protocol that enables neighborhood members of other public blockchains to stake their native tokens as collateral to mint USD-pegged stablecoins.

ADM

Ref. Finance

Ref Finance is an AMM based mostly on the Close to protocol.

Using the not too long ago launched Rainbow Bridge (Close to <> ETH), traders can use billions of bucks in ERC-twenty assets from Ethereum and any chain (BSC, Polygon / Matic, Cosmos / IBC and many others) on Practically.

Ref Finance’s very first merchandise is an automated market place maker (AMM) comparable to Uniswap, with a handful of alterations:

  • Multiple pools in 1 contract. Traders can trade involving pools in a single transaction
  • Customizable LP charges per pool. LPs could charge greater charges for illiquid or depreciating tokens. Swap referral charges, at this time set at one bps. Developers can earn rewards by constructing consumer interfaces and other apps on Ref Finance

Currently, the volume of liquidity on Ref Finance is even now pretty smaller, so when making use of it, you require to take into consideration the cost slippage. The consumer expertise on Ref Finance is even now not smooth and there are even now a whole lot of mistakes.

Trade Volume: $ 871,326

Supported tokens: 28

Number of trading pairs: 276

Oracle

Chain

Chainlink is a centralized Oracle network that gives serious-globe information to good contracts on the blockchain.

Currently Chainlink is the biggest Oracle undertaking with spouse numbers up to more than 700 partners.

Band protocol

Band Protocol is a cross-chain decentralized Oracle undertaking that enables good contracts to connect and aggregate any external information supply or API in a trusted and scalable way.

Flow protocol

Flux Protocol is a cross-chain oracle aggregator that gives good contracts with entry to economically safe feeds of something.

The undertaking has just acquired an investment of up to $ ten.three million from key field investment money this kind of as Coinbase Venture, IOSG Venture.

IDO platform

Skyward Finance
Skyward Finance is an open supply launchpad that enables tasks to launch their very own tokens without having any liquidity. Skyward Finance’s target is to give mechanisms for first cost discovery and token distribution as a result of a serious-time auction that is available to the neighborhood in a decentralized way, but at the identical time resistant to assault, pre-execution, cost manipulation and synchronization. Skyward Finance will difficulty a token that will let the neighborhood to be aspect of the platform and obtain the corresponding share of the income.

Near Pad

NearPad is Launchpad, DEX Aggregator and Yield Aggregator. NearPAD is transforming the way communities and developers entry open money equipment for crowdfunding, asset management and revenue optimization. The platform will also be the very first DAO-led protocol on Aurora, enabling the neighborhood to completely management how treasury and public money are utilized for the ecosystem.

NFT market place

Parr

Paras is an NFT market place centered on digital collections. The undertaking thrives by bringing standard collectibles into the crypto area. Paras began with digital artwork cards inspired by serious-globe trading cards that are bulletproof and have been about permanently given that they have been launched in the 1980s. Paras, an all-in-1 digital collector of the market place, trying to find to diversify assets into digital collections.

With the rise of the NFT in 2021, Paras believes the NFT is even now in its early phases. Indeed, blockchain technological innovation and the abilities of good contracts can make superior experiences for several verticals that world wide web two. counterparts are not able to facilitate.

Mint base

Mintbase is an NFT issuing and trading platform. Mintbase enables any individual, even people with minor technical know-how, to make their very own digital assets that are verified on numerous blockchains.

GameFi

OP video games

OP Games is a gaming platform founded by a group of Filipino game developers in 2018 to support gamers entry HTML5 video games, participate in tournaments and buy OP (NFT).

Using the OP protocol, developers can create a superior viability and sustainability model than more than-centralized Web two. platforms that severely restrict the interests of game developers and consumers.

The undertaking was born with the aim of positioning itself as a Web three. gaming hub, with gamers, game owners and developers doing work with each other to increase the neighborhood, harness the complete possible of the platform and spread the word, to the advantage of all. stakeholders.

EVM

Aurora

Aurora is an EVM designed by the Close to protocol advancement staff that gives a turnkey answer for developers to run their applications on a scalable, higher-throughput, Ethereum-compatible and long term-safe and sound platform with minimal transaction charges. for its consumers.

Highlights of the undertaking:

  • Full compatibility with Ethereum
  • High productivity and scalability
  • Low transaction charges
  • Bridge without having believe in

summary

Compared to other ecosystems this kind of as Avalanche, Fantom, Solana, the advancement pace of dApp on the Near ecosystem is rather slow and several critical pieces are even now missing. Therefore, there are at this time not several investment options in this ecosystem.

Maybe you are interested:

Tags: DetailedecosystemOverviewProtocol
Share76Tweet48

Related Posts

Crypto Stocks Surge 119% in 2025, Outpacing Bitcoin

by shark
July 2, 2025
0

Analysis of cryptocurrency stocks surpassing Bitcoin's growth in 2025 due to U.S. regulatory changes.

UniCredit Links Investment Certificate to Bitcoin Trust

by shark
July 2, 2025
0

UniCredit SpA issues a five-year investment certificate linked to BlackRock's iShares Bitcoin Trust, exclusively for professional clients in Italy.

ZachXBT Questions Ripple’s RLUSD Adoption Credibility

by shark
July 2, 2025
0

ZachXBT questions Ripple's RLUSD adoption tactics, raising concerns over credibility and market reactions. The controversy highlights broader implications within the...

DDC Enterprise Raises $528 Million for Bitcoin Treasury

by shark
July 2, 2025
0

DDC Enterprise Limited secures $528M for Bitcoin acquisition, positioning itself as a major BTC holder.

Tesla Shares Falter Amid Trump and Musk Conflict

by shark
July 2, 2025
0

Tesla faces stock drop as Trump threatens subsidy cuts in clash with Musk.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Crypto Stocks Surge 119% in 2025, Outpacing Bitcoin
  • UniCredit Links Investment Certificate to Bitcoin Trust
  • ZachXBT Questions Ripple’s RLUSD Adoption Credibility
  • DDC Enterprise Raises $528 Million for Bitcoin Treasury
  • Tesla Shares Falter Amid Trump and Musk Conflict
  • Upbit Partners with Naver Pay for KRW Stablecoin
  • Bybit Launches EU-Focused Crypto Platform, Enhancing Regulatory Compliance
  • Bitcoin Price Drops Below $107,000 Amid Market Volatility
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7