NEAR Protocol (NEAR) Has Recorded The Highest User Retention Among All L1s

$NEAR Protocol ($NEAR) reports notable achievements by the community and developers. Its main cryptocurrency is also among the best performers over the past seven days. Over the past 12 months, $NEAR Protocol ($NEAR) has demonstrated the highest user retention rate among L1 altcoins. According to data provider Artemis, the main adoption rate for this blockchain is 9.53%. All of $NEAR Protocol’s ($NEAR) competitors have demonstrated lower long-term retention rates. For example, Avalanche (AVAX) saw only 8.19% of users return to C-chain over 12 months, while for BNB Chain this figure barely exceeded 7%.

According to the data, the largest blockchains by TVL, Ethereum (ETH) and Tron (TRX), failed to achieve 5% user retention over the past 12 months. According to statistics from DefiLlama, there are 19 active DeFi applications on the $NEAR Protocol ($NEAR) with a cumulative TVL equivalent to US$306 million. Burrow, LiNEAR Protocol and Meta Pool Near are the largest $NEAR’s DeFis by TVL. They operate in the decentralized lending and liquid staking segments.

$NEAR, the main cryptocurrency of the $NEAR Protocol, was the best-performing major altcoin last week, according to CoinGecko. Among all the top 100 coins, it became the fifth fastest growing altcoin with an increase of 26% in seven days. The growth of $NEAR can be attributed to the potential integration of AI, which is critical to the use of $NEAR Protocol ($NEAR) in this thriving segment.

Image: Binance Academy