NEAR Protocol (NEAR) Registers Highest Retention Amid All L1s

Amid major AI announcements, $NEAR Protocol ($NEAR) reports a notable community and developer accomplishment. Its core native cryptocurrency is also among the best performers in the last seven days.

$NEAR Protocol sets new popularity record by this metric

In last 12 months, $NEAR Protocol ($NEAR) demonstrated the largest user retention rate amid L1 altcoins. For this blockchain, the major adoption metric hits 9,53%, says data provider Artemis.

All competitors of $NEAR Protocol ($NEAR) demonstrated lower retention metrics in the long run. For instance, Avalanche (AVAX) saw only 8.19% of users returning in 12 months on its C-chain while, for BNB Chain, this metric barely exceeded 7%.

Largest blockchains by TVL, Ethereum (ETH) and Tron (TRX), failed to achieve 5% user retention in last 12 months, data says.

Per DefiLlama statistics, there are 19 active decentralized finance applications (DeFis) on $NEAR Protocol ($NEAR), with an aggregated TVL of $306 million in equivalent.

Burrow, LiNEAR Protocol and Meta Pool Near are the largest $NEAR's DeFis by TVL; they are working in the segments of decentralized lending and liquid staking.

$NEAR coin price outperforms all large caps

In the past week, $NEAR, a core native cryptocurrency of $NEAR Protocol, was the best performing large altcoin, per CoinGecko's data.

Amid all of the top 100 coins, it became the fifth fastest-growing altcoin with 26% growth in seven days. In this ranking, it is only surpassed by leading meme coins FLOKI, BONK and PEPE and Hedera (HBAR) token triggered by an overhyped announcement.

The $NEAR rally might be attributed to the potential AI integrations crucial to the usage of $NEAR Protocol ($NEAR) in this thriving segment.