near-toll-audit / thesis/metrics_frozen.json · raw
{ "absorbed_pct_of_year_mint": { "label": "ETF plus revenue wallets as a share of a year's new NEAR", "note": "an equivalence: holdings were not necessarily bought from new supply", "source": "nrretf.com + RPC + BigQuery", "unit": "pct", "value": 61.907 }, "ai_named_ex_top_share_pct": { "label": "Share without the largest such contract", "note": "ai-8.nearlytrade.near", "source": "BigQuery transactions", "unit": "pct", "value": 0.013333 }, "ai_named_share_pct": { "label": "Their share of all transactions", "note": "", "source": "BigQuery transactions", "unit": "pct", "value": 0.142001 }, "ai_named_tx_oct": { "label": "Transactions to contracts with AI or agent names, October 2026", "note": "", "source": "BigQuery transactions", "unit": "n", "value": 32132 }, "as_of": { "label": "Last complete day of chain data", "note": "", "source": "BigQuery blocks", "unit": "date", "value": "2026-10-31" }, "ath_price": { "label": "All-time high price", "note": "2022-01-16", "source": "CoinGecko", "unit": "usd", "value": 20.44 }, "breakeven_multiple": { "label": "Multiple of last month's volume needed for that", "note": "", "source": "derived", "unit": "x", "value": 3.9104 }, "breakeven_volume_yr": { "label": "Annual volume at which captured revenue equals issuance", "note": "at today's price and last month's take", "source": "derived", "unit": "usd", "value": 187023509038.5 }, "burn_30d_per_day": { "label": "NEAR burned per day, last 30 days", "note": "", "source": "BigQuery blocks", "unit": "near", "value": 973.5529 }, "burn_all_time": { "label": "NEAR burned since genesis", "note": "", "source": "BigQuery blocks", "unit": "near", "value": 3813775.01 }, "burn_april_per_day": { "label": "Burn per day, April 2026", "note": "", "source": "BigQuery blocks", "unit": "near", "value": 626.4513 }, "burn_kaiching_share_mar26": { "label": "Kaiching contracts' share of top-60 gas spend, March 2026", "note": "", "source": "BigQuery execution_outcomes", "unit": "pct", "value": 68.1 }, "burn_march_per_day": { "label": "Burn per day, March 2026", "note": "", "source": "BigQuery blocks", "unit": "near", "value": 2136.94 }, "burn_month_near": { "label": "NEAR burned, 2026-10", "note": "", "source": "BigQuery blocks", "unit": "near", "value": 31458.63 }, "burn_pct": { "label": "Burn, annualised share of supply", "note": "", "source": "BigQuery blocks", "unit": "pct", "value": 0.027116 }, "burn_share_of_issuance_pct": { "label": "Burn as a share of issuance", "note": "", "source": "BigQuery blocks", "unit": "pct", "value": 1.0894 }, "burn_usd_yr": { "label": "Annual burn at today's price", "note": "", "source": "BigQuery blocks + CoinGecko", "unit": "usd", "value": 1279248.48 }, "buyback_confirmations": { "label": "Signatures needed to move buyback funds", "note": "", "source": "RPC get_num_confirmations", "unit": "n", "value": 2 }, "buyback_multisig_requests": { "label": "Requests ever raised on that multisig", "note": "", "source": "RPC get_request_nonce", "unit": "n", "value": 4 }, "buyback_wallet_near": { "label": "NEAR in the buyback multisig", "note": "", "source": "RPC view_account", "unit": "near", "value": 2231533.94 }, "buyback_weekly_declines": { "label": "Weeks in which the buyback wallet's balance fell by more than 1,000 NEAR", "note": "", "source": "archival RPC weekly balances", "unit": "n", "value": 0 }, "capture_30d_pct": { "label": "Capture rate, 30 days", "note": "", "source": "revenue.near.org", "unit": "pct", "value": 35.8545 }, "capture_all_time_pct": { "label": "Capture rate, all time", "note": "", "source": "revenue.near.org", "unit": "pct", "value": 19.1044 }, "capture_b2b_all_time": { "label": "Gross fees NEAR captured from partners, all time", "note": "", "source": "revenue.near.org", "unit": "pct", "value": 5.2479 }, "capture_b2b_d30": { "label": "Gross fees NEAR captured from partners, 30 days", "note": "", "source": "revenue.near.org", "unit": "pct", "value": 10.8195 }, "capture_fe_all_time": { "label": "Gross fees NEAR captured through its own front end, all time", "note": "", "source": "revenue.near.org", "unit": "pct", "value": 11.9506 }, "capture_fe_d30": { "label": "Gross fees NEAR captured through its own front end, 30 days", "note": "", "source": "revenue.near.org", "unit": "pct", "value": 21.3847 }, "capture_others_all_time": { "label": "Gross fees kept by partners, wallets and solvers, all time", "note": "", "source": "revenue.near.org", "unit": "pct", "value": 80.8956 }, "capture_others_d30": { "label": "Gross fees kept by partners, wallets and solvers, 30 days", "note": "", "source": "revenue.near.org", "unit": "pct", "value": 64.1455 }, "capture_qi_all_time": { "label": "Gross fees NEAR captured from quote improvement, all time", "note": "", "source": "revenue.near.org", "unit": "pct", "value": 1.9059 }, "capture_qi_d30": { "label": "Gross fees NEAR captured from quote improvement, 30 days", "note": "", "source": "revenue.near.org", "unit": "pct", "value": 3.6503 }, "ccf_peak_lag": { "label": "Lag of largest volume-price correlation (weeks, positive = volume first)", "note": "", "source": "pipeline/analyze.py lead_lag", "unit": "n", "value": -3 }, "ccf_peak_r": { "label": "That correlation", "note": "", "source": "pipeline/analyze.py lead_lag", "unit": "x", "value": -0.25 }, "chain_sig_tx_oct": { "label": "Direct transactions to v1.signer (Chain Signatures), October 2026", "note": "", "source": "BigQuery transactions", "unit": "n", "value": 483219 }, "circulating_bq": { "label": "Circulating supply, NEAR public dataset", "note": "", "source": "BigQuery circulating_supply", "unit": "near", "value": 1308300865.67 }, "circulating_nearblocks": { "label": "Circulating supply, NearBlocks", "note": "NearBlocks and the public dataset disagree; CoinGecko counts everything as circulating", "source": "NearBlocks stats", "unit": "near", "value": 1249836992.16 }, "commission_wavg_pct": { "label": "Stake-weighted commission, pools open to delegators", "note": "excludes pools at 50% or more", "source": "RPC get_reward_fee_fraction", "unit": "pct", "value": 5.7948 }, "comps_median_multiple": { "label": "Median market cap / annualised holder revenue, ten comps", "note": "", "source": "DefiLlama + CoinGecko", "unit": "x", "value": 27.35 }, "dest_7d": { "label": "Distinct withdrawal addresses in the first 7 days of October 2026", "note": "", "source": "BigQuery ft_events", "unit": "n", "value": 58424 }, "dest_returning_share": { "label": "Addresses seen in an earlier sampled week, 6-month mean", "note": "seven-day samples, so true repeat use is higher", "source": "BigQuery ft_events", "unit": "pct", "value": 13.4667 }, "dest_top10_count_share": { "label": "Top 10 addresses' share of withdrawal count", "note": "", "source": "BigQuery ft_events", "unit": "pct", "value": 3.1674 }, "effective_funders_oct26": { "label": "Effective number of funders, October 2026", "note": "inverse Herfindahl", "source": "BigQuery receipt_actions", "unit": "n", "value": 8.9 }, "engaged_feb26": { "label": "Engaged signers, 2026-02", "note": "", "source": "BigQuery transactions", "unit": "n", "value": 34157 }, "engaged_share_of_signers_pct": { "label": "Engaged share of signers, 2026-10", "note": "", "source": "BigQuery transactions", "unit": "pct", "value": 9.54 }, "escrow_ai_share_pct": { "label": "escrow.ai.near share of direct calls into intents.near, October 2026", "note": "what these calls move is not measured", "source": "BigQuery transactions", "unit": "pct", "value": 25.4908 }, "etf_near": { "label": "NEAR held by the Bitwise ETF", "note": "", "source": "nrretf.com", "unit": "near", "value": 15693802.96 }, "etf_pct_supply": { "label": "ETF share of supply", "note": "", "source": "nrretf.com", "unit": "pct", "value": 1.1976 }, "etf_to_buyback_ratio": { "label": "ETF holdings over NEAR held in the revenue wallets", "note": "", "source": "nrretf.com + RPC", "unit": "x", "value": 3.7123 }, "ex_app_fee_bps": { "label": "Average app fee on 1Click swaps, weighted by dollars", "note": "", "source": "Intents Explorer API", "unit": "bps", "value": 40.6465 }, "ex_avg_swap_usd": { "label": "Average swap", "note": "", "source": "Intents Explorer API", "unit": "usd", "value": 1782.14 }, "ex_blank_sender_pct": { "label": "Volume with no sender field", "note": "", "source": "Intents Explorer API", "unit": "pct", "value": 23.8592 }, "ex_coverage_pct": { "label": "Explorer swap volume as a share of reported volume, same days", "note": "", "source": "Intents Explorer API vs DefiLlama", "unit": "pct", "value": 34.0287 }, "ex_days": { "label": "Swap-level sample days", "note": "", "source": "Intents Explorer API", "unit": "n", "value": 47 }, "ex_fee_coverage_pct": { "label": "App fees on Explorer swaps as a share of all reported fees, same days", "note": "", "source": "Intents Explorer API vs DefiLlama", "unit": "pct", "value": 90.2067 }, "ex_first_day": { "label": "First sample day", "note": "", "source": "Intents Explorer API", "unit": "date", "value": "2025-12-06" }, "ex_last_day": { "label": "Last sample day", "note": "", "source": "Intents Explorer API", "unit": "date", "value": "2026-10-25" }, "ex_near_fee_share_pct": { "label": "Share of stated app fees naming a NEAR wallet as recipient", "note": "understates NEAR's take: 1Click also takes a separate share that is not listed in appFees", "source": "Intents Explorer API", "unit": "pct", "value": 8.0461 }, "ex_recent_days": { "label": "Sample days in the last 13 weeks", "note": "", "source": "Intents Explorer API", "unit": "n", "value": 13 }, "ex_refund_rate_pct": { "label": "Swaps refunded or failed", "note": "", "source": "Intents Explorer API", "unit": "pct", "value": 1.6416 }, "ex_rest_bps": { "label": "Implied fee on volume outside the Explorer, an upper bound", "note": "reported fees minus Explorer app fees, over the remaining volume; 1Click's unlisted share also sits in this remainder", "source": "derived", "unit": "bps", "value": 2.2762 }, "ex_senders_day": { "label": "Distinct senders on a sample day", "note": "", "source": "Intents Explorer API", "unit": "n", "value": 13515.31 }, "ex_stable_stable_pct": { "label": "Stablecoin-to-stablecoin share of volume", "note": "", "source": "Intents Explorer API", "unit": "pct", "value": 33.0091 }, "ex_swaps_sample": { "label": "Successful swaps in the sample", "note": "", "source": "Intents Explorer API", "unit": "n", "value": 920200 }, "ex_top10_senders_day_pct": { "label": "Top 10 senders' share of a day's volume", "note": "", "source": "Intents Explorer API", "unit": "pct", "value": 24.3272 }, "ex_top3_vol_share": { "label": "Top three named partners' share of volume", "note": "", "source": "Intents Explorer API", "unit": "pct", "value": 56.2 }, "ex_top_fee_partner": { "label": "Partner that collects the most fees", "note": "", "source": "Intents Explorer API", "unit": "text", "value": "swapkit" }, "ex_top_fee_partner_bps": { "label": "Its average fee", "note": "", "source": "Intents Explorer API", "unit": "bps", "value": 77.2 }, "ex_top_fee_partner_fee": { "label": "Its share of app fees", "note": "", "source": "Intents Explorer API", "unit": "pct", "value": 69.5 }, "ex_top_fee_partner_vol": { "label": "Its share of 1Click volume", "note": "", "source": "Intents Explorer API", "unit": "pct", "value": 36.6 }, "ex_wallets_fee_share_pct": { "label": "Share of app fees going to wallets through SwapKit", "note": "", "source": "Intents Explorer API", "unit": "pct", "value": 61.9582 }, "ex_zec_pct": { "label": "Swaps with Zcash on either side, share of volume", "note": "", "source": "Intents Explorer API", "unit": "pct", "value": 16.4444 }, "exploit_incidents_365d": { "label": "Security incidents in the last 365 days", "note": "", "source": "thesis/incidents.json", "unit": "n", "value": 1 }, "exploit_unrecovered_365d": { "label": "User funds lost to Intents or bridge exploits in the last 365 days and not returned", "note": "1 incident(s) in the window", "source": "thesis/incidents.json (hand-kept, each row cites a source)", "unit": "usd", "value": 0.0 }, "fdv": { "label": "Fully diluted value", "note": "", "source": "CoinGecko", "unit": "usd", "value": 4719059751 }, "fe_wallet_near": { "label": "NEAR in the front-end fee DAO", "note": "", "source": "RPC view_account", "unit": "near", "value": 1995733.58 }, "fee_cut_hi_pct": { "label": "95% interval, high, fee cut", "note": "", "source": "Intents Explorer API", "unit": "pct", "value": 22.7525 }, "fee_cut_lo_pct": { "label": "95% interval, low, fee cut", "note": "", "source": "Intents Explorer API", "unit": "pct", "value": -43.2838 }, "fee_cut_share_change_pct": { "label": "Average change in partner share after a fee cut", "note": "four sample weeks after against four before", "source": "Intents Explorer API", "unit": "pct", "value": -15.0786 }, "fee_events": { "label": "Lasting steps of 3 bps or more in a partner's posted fee", "note": "", "source": "Intents Explorer API", "unit": "n", "value": 28 }, "fee_events_cuts": { "label": "Of those, cuts", "note": "", "source": "Intents Explorer API", "unit": "n", "value": 9 }, "fee_events_rises": { "label": "Of those, rises", "note": "", "source": "Intents Explorer API", "unit": "n", "value": 19 }, "fee_rise_hi_pct": { "label": "95% interval, high, fee rise", "note": "", "source": "Intents Explorer API", "unit": "pct", "value": 43.25 }, "fee_rise_lo_pct": { "label": "95% interval, low, fee rise", "note": "", "source": "Intents Explorer API", "unit": "pct", "value": -51.9206 }, "fee_rise_share_change_pct": { "label": "Average change in partner share after a fee rise", "note": "four sample weeks after against four before", "source": "Intents Explorer API", "unit": "pct", "value": -11.6713 }, "fees_30d": { "label": "Gross fees, last full month", "note": "", "source": "revenue.near.org", "unit": "usd", "value": 6385461.09 }, "fees_90d": { "label": "Gross fees, last three full months", "note": "", "source": "revenue.near.org", "unit": "usd", "value": 17895671.36 }, "flow_outlier_ratio": { "label": "Its ratio", "note": "", "source": "BigQuery ft_events", "unit": "x", "value": 25.982 }, "flow_outlier_week": { "label": "Week with the largest flow ratio", "note": "a 47M SOL deposit and same-day withdrawal: raw flow is not automatically economic", "source": "BigQuery ft_events", "unit": "date", "value": "2025-10-06" }, "flow_price_coverage_pct": { "label": "Share of token events we could price", "note": "", "source": "BigQuery ft_events + DefiLlama coins", "unit": "pct", "value": 99.6845 }, "flow_ratio_high": { "label": "Same ratio, highest of 26 weeks", "note": "", "source": "BigQuery ft_events vs revenue.near.org", "unit": "x", "value": 0.616 }, "flow_ratio_low": { "label": "Same ratio, lowest of 26 weeks", "note": "", "source": "BigQuery ft_events vs revenue.near.org", "unit": "x", "value": 0.509 }, "flow_ratio_median": { "label": "One-way on-chain flow as a share of reported volume, median of 26 weeks", "note": "one-way flow = (deposits + withdrawals + transfers out) / 2; includes solver rebalancing", "source": "BigQuery ft_events vs revenue.near.org", "unit": "x", "value": 0.5745 }, "funder_top1_accounts_mar26": { "label": "Accounts that funder touched", "note": "", "source": "BigQuery receipt_actions", "unit": "n", "value": 3650794 }, "funder_top1_mar26": { "label": "Largest funder of accounts, March 2026", "note": "", "source": "BigQuery receipt_actions", "unit": "text", "value": "users.kaiching" }, "funder_top1_share_mar26": { "label": "Its share of all accounts funded", "note": "", "source": "BigQuery receipt_actions", "unit": "pct", "value": 85.4 }, "funder_top1_signed_mar26": { "label": "Of those, accounts that signed anything that month", "note": "", "source": "BigQuery receipt_actions", "unit": "n", "value": 0 }, "gas_rebate_removed": { "label": "30% contract gas rebate removed (protocol 87)", "note": "", "source": "RPC plus nearcore CHANGELOG", "unit": "text", "value": "yes" }, "gross_bps_30d": { "label": "Gross fee rate, last full month", "note": "", "source": "revenue.near.org", "unit": "bps", "value": 16.0212 }, "gross_bps_90d": { "label": "Gross fee rate, three months", "note": "", "source": "revenue.near.org", "unit": "bps", "value": 14.9248 }, "gross_issuance_pct": { "label": "Gross issuance, annualised", "note": "", "source": "BigQuery blocks", "unit": "pct", "value": 2.4891 }, "intents_fee_pips": { "label": "On-chain protocol fee, in pips (1 pip = 0.0001%)", "note": "", "source": "RPC intents.near fee()", "unit": "n", "value": 1 }, "intents_gas_near_oct26": { "label": "Gas spent by intents.near, October 2026", "note": "", "source": "BigQuery execution_outcomes", "unit": "near", "value": 2011.59 }, "intents_repo_authors_90d": { "label": "near/intents commit authors, 90 days", "note": "", "source": "GitHub", "unit": "n", "value": 4 }, "intents_top5_signers_pct": { "label": "Top five signers' share of direct calls into intents.near", "note": "", "source": "BigQuery transactions", "unit": "pct", "value": 98.8884 }, "intents_top_signer": { "label": "Largest signer into intents.near, October 2026", "note": "", "source": "BigQuery transactions", "unit": "text", "value": "intents.near" }, "intents_top_signer_share_pct": { "label": "Its share of direct calls", "note": "", "source": "BigQuery transactions", "unit": "pct", "value": 71.6692 }, "issuance_near_yr": { "label": "Annual issuance", "note": "", "source": "BigQuery blocks", "unit": "near", "value": 32618458.51 }, "issuance_usd_yr": { "label": "Annual issuance at today's price", "note": "", "source": "BigQuery blocks + CoinGecko", "unit": "usd", "value": 117426450.62 }, "issuance_vote_for_pct": { "label": "Share of votes in favour", "note": "", "source": "RPC vote.dao", "unit": "pct", "value": 99.9674 }, "issuance_vote_status": { "label": "Status of the vote to cut issuance to 1.6%", "note": "", "source": "RPC vote.dao", "unit": "text", "value": "Timelock" }, "issuance_vote_voters": { "label": "Accounts that voted", "note": "", "source": "RPC vote.dao", "unit": "n", "value": 36 }, "kaiching_deletes_oct26": { "label": "kaiching accounts deleted, 2-8 October 2026", "note": "", "source": "BigQuery transaction_actions", "unit": "n", "value": 560092 }, "l1_peer_median_fdv": { "label": "Median fully diluted value of seven peer chains", "note": "NEAR is fully circulating, so FDV is the like-for-like basis", "source": "CoinGecko", "unit": "usd", "value": 1661644993 }, "l1_peer_median_mcap": { "label": "Median market cap of seven peer chains", "note": "", "source": "CoinGecko", "unit": "usd", "value": 1348716683 }, "largest_daily_burn_since_buyback": { "label": "Largest single-day burn since the buyback began", "note": "on 2026-10-15, against a median of 679", "source": "BigQuery blocks", "unit": "near", "value": 3851.27 }, "leadlag_oos_beats_own": { "label": "Of six tests, volume improves on own-history forecasts out of sample", "note": "", "source": "pipeline/analyze.py lead_lag", "unit": "n", "value": 2 }, "leadlag_oos_price_beats_own": { "label": "Of six tests, price improves on own-history forecasts out of sample", "note": "", "source": "pipeline/analyze.py lead_lag", "unit": "n", "value": 3 }, "leadlag_price_wins": { "label": "Of six tests, price beats volume with the interval below zero", "note": "", "source": "pipeline/analyze.py lead_lag", "unit": "n", "value": 0 }, "leadlag_volume_wins": { "label": "Of six tests, volume beats price with the interval above zero", "note": "", "source": "pipeline/analyze.py lead_lag", "unit": "n", "value": 0 }, "leadlag_weeks": { "label": "Weekly observations in the lead-lag test", "note": "", "source": "DefiLlama + BigQuery + NearBlocks", "unit": "n", "value": 82 }, "locked_bq": { "label": "Not yet circulating, NEAR public dataset", "note": "", "source": "BigQuery circulating_supply", "unit": "near", "value": 2172111.8 }, "locked_bq_2023": { "label": "Not yet circulating on 2023-01-01", "note": "", "source": "BigQuery circulating_supply", "unit": "near", "value": 265953619.79 }, "market_as_of": { "label": "Day of the market and fee pull (prices, DefiLlama, revenue page)", "note": "", "source": "raw/latest/_fetch_status", "unit": "date", "value": "2026-11-10" }, "mcap": { "label": "Market cap", "note": "", "source": "CoinGecko", "unit": "usd", "value": 4719059284 }, "mcap_per_volume_flip": { "label": "FLIP, same measure", "note": "", "source": "CoinGecko + DefiLlama", "unit": "x", "value": 0.0031 }, "mcap_per_volume_near": { "label": "NEAR market cap per dollar of annual rail volume", "note": "", "source": "CoinGecko + DefiLlama", "unit": "x", "value": 0.1055 }, "mcap_per_volume_rune": { "label": "RUNE, same measure", "note": "", "source": "CoinGecko + DefiLlama", "unit": "x", "value": 0.0059 }, "mcap_rank": { "label": "Market cap rank", "note": "", "source": "CoinGecko", "unit": "n", "value": 22 }, "median_stake": { "label": "Median active stake", "note": "", "source": "RPC validators", "unit": "near", "value": 155938.61 }, "mint_30d_per_day": { "label": "New NEAR per day, last 30 days", "note": "", "source": "BigQuery blocks", "unit": "near", "value": 89365.64 }, "mint_365d": { "label": "NEAR minted in the last 365 days", "note": "", "source": "BigQuery blocks", "unit": "near", "value": 32179442.46 }, "mint_all_time": { "label": "NEAR minted since genesis", "note": "", "source": "BigQuery blocks", "unit": "near", "value": 314286753.32 }, "mint_month_near": { "label": "NEAR minted, 2026-10", "note": "", "source": "BigQuery blocks", "unit": "near", "value": 2762296.17 }, "mint_per_day_after_cut": { "label": "New NEAR per day after the 2.5% cap", "note": "", "source": "BigQuery blocks", "unit": "near", "value": 86917.43 }, "mint_per_day_before_cut": { "label": "New NEAR per day before the 2.5% cap", "note": "", "source": "BigQuery blocks", "unit": "near", "value": 173369.72 }, "nakamoto_half": { "label": "Validators needed for half of stake", "note": "", "source": "RPC validators", "unit": "n", "value": 16 }, "nakamoto_third": { "label": "Validators needed for one third of stake", "note": "accounts, not grouped by operator", "source": "RPC validators", "unit": "n", "value": 9 }, "near_chain_fees_30d": { "label": "NEAR L1 fees, 30 days", "note": "", "source": "DefiLlama", "unit": "usd", "value": 157206 }, "near_chg_1y_pct": { "label": "NEAR price change, one year", "note": "", "source": "CoinGecko", "unit": "pct", "value": 22.6 }, "near_kept_annual": { "label": "What NEAR keeps a year: L1 fees plus captured Intents revenue, last 30 days times twelve", "note": "", "source": "DefiLlama + revenue.near.org", "unit": "usd", "value": 31916108.03 }, "near_mcap_to_all_fees": { "label": "NEAR market cap over L1 fees plus Intents gross fees, annualised", "note": "counts fees NEAR does not keep", "source": "CoinGecko + DefiLlama", "unit": "x", "value": 60.1351 }, "near_mcap_to_kept_fees": { "label": "NEAR market cap over L1 fees plus captured revenue, annualised", "note": "", "source": "CoinGecko + DefiLlama + revenue.near.org", "unit": "x", "value": 147.9292 }, "near_multiple": { "label": "NEAR market cap / captured revenue, last month times twelve", "note": "whole-chain market cap against app tokens", "source": "CoinGecko + revenue.near.org", "unit": "x", "value": 157.1 }, "near_multiple_ex_chain": { "label": "Same, after subtracting a peer-median chain value", "note": "", "source": "CoinGecko + revenue.near.org", "unit": "x", "value": 101.8132 }, "near_stable_float": { "label": "Stablecoins on NEAR", "note": "", "source": "DefiLlama", "unit": "usd", "value": 130116445.94 }, "near_stable_rank": { "label": "NEAR's rank by stablecoin float", "note": "", "source": "DefiLlama", "unit": "n", "value": 30 }, "near_tvl": { "label": "DeFi TVL on NEAR", "note": "", "source": "DefiLlama", "unit": "usd", "value": 170116097.5 }, "nearcore_authors_90d": { "label": "nearcore commit authors, 90 days", "note": "", "source": "GitHub", "unit": "n", "value": 24 }, "nearcore_commits_13w": { "label": "nearcore commits, 13 weeks", "note": "", "source": "GitHub", "unit": "n", "value": 328 }, "net_bps_30d": { "label": "Captured revenue rate, last full month", "note": "", "source": "revenue.near.org", "unit": "bps", "value": 6.2787 }, "net_bps_90d": { "label": "Captured revenue rate, three months", "note": "", "source": "revenue.near.org", "unit": "bps", "value": 4.6454 }, "net_issuance_after_buyback_pct": { "label": "Net issuance if all revenue buys NEAR and locks it", "note": "best case for holders", "source": "BigQuery + revenue.near.org", "unit": "pct", "value": 2.031 }, "net_issuance_pct": { "label": "Net issuance before buybacks", "note": "", "source": "BigQuery blocks", "unit": "pct", "value": 2.4619 }, "new_app_signers_peak": { "label": "New app-managed signers, peak month since 2024", "note": "", "source": "BigQuery transactions", "unit": "n", "value": 8443768 }, "new_app_signers_recent": { "label": "New app-managed signers a month, May to Aug 2026", "note": "", "source": "BigQuery transactions", "unit": "n", "value": 641.5 }, "non_staker_dilution_pct": { "label": "Yearly dilution of an unstaked holder", "note": "", "source": "BigQuery blocks", "unit": "pct", "value": 2.4619 }, "official_llama_days_all": { "label": "Days in the official series", "note": "", "source": "revenue.near.org", "unit": "n", "value": 671 }, "official_llama_match_days_all": { "label": "Days matching to the dollar, full history", "note": "", "source": "revenue.near.org vs DefiLlama", "unit": "n", "value": 103 }, "official_llama_match_since": { "label": "Daily volume matches DefiLlama to the dollar since", "note": "before this date the two diverge, and revenue differs by month", "source": "revenue.near.org vs DefiLlama", "unit": "date", "value": "2026-09-01" }, "official_llama_same_days": { "label": "Of the last 60 days, days where DefiLlama equals the official volume to the dollar", "note": "", "source": "revenue.near.org vs DefiLlama", "unit": "n", "value": 60 }, "official_rev_all_time_usd": { "label": "Official captured revenue, all time", "note": "", "source": "revenue.near.org", "unit": "usd", "value": 11547394.4 }, "official_rev_month_near": { "label": "Official captured revenue in NEAR, 2026-10", "note": "", "source": "revenue.near.org", "unit": "near", "value": 512856.7 }, "offset_30d_pct": { "label": "Burn plus captured revenue as a share of issuance, 2026-10", "note": "assumes every captured dollar buys NEAR that is never sold", "source": "BigQuery + revenue.near.org", "unit": "pct", "value": 19.7052 }, "offset_90d_rev_pct": { "label": "Annualised captured revenue as a share of issuance value", "note": "", "source": "revenue.near.org + BigQuery", "unit": "pct", "value": 18.9737 }, "peer_chg_1y_median_pct": { "label": "Median one-year change of seven peer chains", "note": "", "source": "CoinGecko", "unit": "pct", "value": -53.0 }, "peer_mcap_to_fees_median": { "label": "Median market cap to fees, seven peer chains", "note": "", "source": "CoinGecko + DefiLlama", "unit": "x", "value": 394 }, "per100_captured": { "label": "Of which reaches NEAR-side wallets", "note": "", "source": "revenue.near.org", "unit": "usd", "value": 0.057443 }, "per100_gas": { "label": "Gas spent by intents.near per $100", "note": "", "source": "BigQuery execution_outcomes", "unit": "usd", "value": 0.000182 }, "per100_gross": { "label": "Fees on $100 of volume", "note": "", "source": "revenue.near.org", "unit": "usd", "value": 0.160212 }, "price": { "label": "NEAR price", "note": "", "source": "CoinGecko", "unit": "usd", "value": 3.6 }, "price_1y_change_pct": { "label": "NEAR price change over one year", "note": "", "source": "DefiLlama coins", "unit": "pct", "value": 29.1044 }, "price_crosscheck_median_gap_pct": { "label": "Median daily gap, coins API price vs Coinbase open", "note": "", "source": "DefiLlama coins vs Coinbase", "unit": "pct", "value": 0.063272 }, "protocol_version": { "label": "Live protocol version", "note": "", "source": "RPC EXPERIMENTAL_protocol_config", "unit": "n", "value": 88 }, "rail_leader_changes": { "label": "Changes of weekly leader among rails since 2025-01", "note": "", "source": "DefiLlama", "unit": "n", "value": 7 }, "rail_share_13w": { "label": "NEAR Intents share of native swap rails, 13 weeks, pooled", "note": "rails: NEAR Intents, THORChain, Chainflip, Maya", "source": "DefiLlama", "unit": "pct", "value": 64.0805 }, "rail_share_4w": { "label": "Same, last four weeks", "note": "", "source": "DefiLlama", "unit": "pct", "value": 58.8816 }, "rail_share_jun26": { "label": "Same, June 2026", "note": "", "source": "DefiLlama", "unit": "pct", "value": 77.6057 }, "ret_app_m12": { "label": "App-managed signers still active 12 months on", "note": "", "source": "BigQuery transactions", "unit": "pct", "value": 9.5742 }, "ret_app_m3": { "label": "App-managed signers still active 3 months on", "note": "", "source": "BigQuery transactions", "unit": "pct", "value": 22.1527 }, "ret_hex_m1": { "label": "Hex accounts back one month later", "note": "over 90% of self-custody cohorts are hex accounts, many of them disposable", "source": "BigQuery transactions", "unit": "pct", "value": 4.1486 }, "ret_named_m1": { "label": "Named .near signers back one month later", "note": "", "source": "BigQuery transactions", "unit": "pct", "value": 27.3808 }, "ret_self_m12": { "label": "Self-custody signers still active 12 months on", "note": "", "source": "BigQuery transactions", "unit": "pct", "value": 3.5737 }, "ret_self_m1_median": { "label": "Self-custody signers back one month later, median cohort", "note": "", "source": "BigQuery transactions", "unit": "pct", "value": 4.1 }, "ret_self_m3": { "label": "Self-custody signers still active 3 months on (2025-26 cohorts)", "note": "", "source": "BigQuery transactions", "unit": "pct", "value": 4.9135 }, "rev_30d": { "label": "Captured revenue, last full month", "note": "", "source": "revenue.near.org", "unit": "usd", "value": 2502469.67 }, "rev_90d": { "label": "Captured revenue, last three full months", "note": "", "source": "revenue.near.org", "unit": "usd", "value": 5570044.23 }, "rev_all_time": { "label": "Captured revenue, all time", "note": "", "source": "revenue.near.org", "unit": "usd", "value": 11547394.4 }, "rev_all_time_llama": { "label": "Captured revenue, all time, DefiLlama", "note": "counts NEAR swept into wallets, so it is lumpy", "source": "DefiLlama", "unit": "usd", "value": 9714086.05 }, "rev_annualised": { "label": "Captured revenue, annualised from three months", "note": "", "source": "revenue.near.org", "unit": "usd", "value": 22280176.91 }, "rev_run_rate": { "label": "Captured revenue, last month times twelve", "note": "", "source": "revenue.near.org", "unit": "usd", "value": 30029636.03 }, "revenue_held_share_pct": { "label": "Share of those inflows still held", "note": "", "source": "revenue.near.org vs RPC", "unit": "pct", "value": 98.7805 }, "revenue_source": { "label": "Source of revenue series", "note": "", "source": "pipeline", "unit": "text", "value": "revenue.near.org" }, "revenue_wallet_inflows_near": { "label": "Official all-time inflows to the three revenue wallets", "note": "", "source": "revenue.near.org", "unit": "near", "value": 4279729.92 }, "revenue_wallets_near": { "label": "NEAR held across the three revenue wallets", "note": "", "source": "RPC view_account", "unit": "near", "value": 4227538.4 }, "revenue_wallets_pct_supply": { "label": "Holdings as a share of supply", "note": "", "source": "RPC", "unit": "pct", "value": 0.322596 }, "revenue_wallets_usd": { "label": "Value of those holdings", "note": "", "source": "RPC + CoinGecko", "unit": "usd", "value": 15219138.23 }, "self_engaged_aug26": { "label": "Engaged self-custody signers, 2026-08", "note": "", "source": "BigQuery transactions", "unit": "n", "value": 3082 }, "self_engaged_change_pct": { "label": "Change in engaged self-custody signers since 2025-07", "note": "", "source": "BigQuery transactions", "unit": "pct", "value": -28.7679 }, "self_engaged_rise_since_aug": { "label": "Rise in engaged self-custody signers since 2026-08", "note": "cause not established", "source": "BigQuery transactions", "unit": "x", "value": 3.4289 }, "self_stake_near": { "label": "Stake in those pools", "note": "mostly 100% commission: large holders staking with themselves", "source": "RPC get_reward_fee_fraction", "unit": "near", "value": 122929861.63 }, "self_stake_pools": { "label": "Pools at 50%+ commission", "note": "", "source": "RPC get_reward_fee_fraction", "unit": "n", "value": 27 }, "self_stake_share_pct": { "label": "Their share of all stake", "note": "", "source": "RPC get_reward_fee_fraction", "unit": "pct", "value": 21.1174 }, "signers_engaged_change_pct": { "label": "Change in engaged signers since 2025-07", "note": "", "source": "BigQuery transactions", "unit": "pct", "value": -76.6391 }, "signers_engaged_jul25": { "label": "Engaged signers, 2025-07", "note": "", "source": "BigQuery transactions", "unit": "n", "value": 108874 }, "signers_engaged_last": { "label": "Engaged signers, 2026-10", "note": "signed on 3+ days and touched 2+ contracts", "source": "BigQuery transactions", "unit": "n", "value": 25434 }, "signers_engaged_self_last": { "label": "Engaged self-custody signers, 2026-10", "note": "excludes .tg, .sweat, kaiching namespaces and signers over 3,000 tx a month", "source": "BigQuery transactions", "unit": "n", "value": 10568 }, "signers_feb26": { "label": "Distinct signers, 2026-02", "note": "a one-month airdrop spike", "source": "BigQuery transactions", "unit": "n", "value": 3791961 }, "signers_last": { "label": "Distinct signers, 2026-10, without kaiching accounts", "note": "560,000 kaiching accounts each signed one DELETE_ACCOUNT in October", "source": "BigQuery transactions", "unit": "n", "value": 266605 }, "signers_last_raw": { "label": "Distinct signers, 2026-10, all accounts", "note": "", "source": "BigQuery transactions", "unit": "n", "value": 826700 }, "smallest_stake": { "label": "Smallest active stake", "note": "", "source": "RPC validators", "unit": "near", "value": 9848.52 }, "spot_dex_30d": { "label": "All DEX volume, 30 days", "note": "", "source": "DefiLlama", "unit": "usd", "value": 250282577170.28 }, "stake_ratio_pct": { "label": "Staked share of supply", "note": "", "source": "RPC validators", "unit": "pct", "value": 44.421 }, "stake_total": { "label": "NEAR staked with active validators", "note": "", "source": "RPC validators", "unit": "near", "value": 582125158.8 }, "staking_real_yield_pct": { "label": "Yield after commission minus net issuance", "note": "what a staker gains against supply growth", "source": "derived", "unit": "pct", "value": 2.2889 }, "staking_yield_gross_pct": { "label": "Gross staking yield", "note": "90% of issuance over stake; 10% goes to treasury.near", "source": "derived from headers and stake", "unit": "pct", "value": 5.043 }, "staking_yield_net_pct": { "label": "Staking yield after typical commission", "note": "", "source": "derived", "unit": "pct", "value": 4.7508 }, "step_net_after": { "label": "Captured rate, September and October 2026", "note": "", "source": "revenue.near.org", "unit": "bps", "value": 5.39 }, "step_net_before": { "label": "Captured rate, June to August 2026", "note": "", "source": "revenue.near.org", "unit": "bps", "value": 3.0 }, "step_rel_hi": { "label": "Volume against rivals, after over before, 95% high", "note": "", "source": "DefiLlama", "unit": "x", "value": 1.12 }, "step_rel_lo": { "label": "Volume against rivals, after over before, 95% low", "note": "", "source": "DefiLlama", "unit": "x", "value": 0.52 }, "step_share_after": { "label": "Rail share, eight weeks after, pooled", "note": "", "source": "DefiLlama", "unit": "pct", "value": 61.8 }, "step_share_before": { "label": "Rail share, eight weeks before 31 August, pooled", "note": "", "source": "DefiLlama", "unit": "pct", "value": 68.8 }, "supply": { "label": "Total supply", "note": "", "source": "BigQuery blocks (block headers)", "unit": "near", "value": 1310472976.2 }, "supply_crosscheck_max_gap_near": { "label": "Largest gap, BigQuery supply vs archival RPC header, five dates", "note": "", "source": "BigQuery vs archival RPC", "unit": "near", "value": 0.0 }, "switch_gross_after": { "label": "Gross fee, three months after", "note": "", "source": "revenue.near.org", "unit": "bps", "value": 16.3 }, "switch_gross_before": { "label": "Gross fee, three months before", "note": "", "source": "revenue.near.org", "unit": "bps", "value": 17.9 }, "switch_net_after": { "label": "Captured rate, three months after", "note": "", "source": "revenue.near.org", "unit": "bps", "value": 2.66 }, "switch_net_before": { "label": "Captured rate, three months before the partner share went live", "note": "", "source": "revenue.near.org", "unit": "bps", "value": 1.75 }, "switch_rel_hi": { "label": "Volume against rivals, after over before, 95% high", "note": "", "source": "DefiLlama", "unit": "x", "value": 1.59 }, "switch_rel_lo": { "label": "Volume against rivals, after over before, 95% low", "note": "", "source": "DefiLlama", "unit": "x", "value": 0.58 }, "switch_share_after": { "label": "Rail share, 13 weeks after, pooled", "note": "", "source": "DefiLlama", "unit": "pct", "value": 56.8 }, "switch_share_before": { "label": "Rail share, 13 weeks before, pooled", "note": "", "source": "DefiLlama", "unit": "pct", "value": 58.0 }, "tg_engaged_change_pct": { "label": "Change in engaged .tg signers since 2025-07", "note": "", "source": "BigQuery transactions", "unit": "pct", "value": -84.3315 }, "top100_holders_pct": { "label": "Top 100 balances, share of supply", "note": "", "source": "BigQuery ft_balances_daily", "unit": "pct", "value": 76.2057 }, "top10_holders_pct": { "label": "Top 10 balances, share of supply", "note": "includes exchanges, wrap.near and liquid staking pools, so not ten owners", "source": "BigQuery ft_balances_daily", "unit": "pct", "value": 28.0733 }, "top10_stake_pct": { "label": "Top 10 validators' share of stake", "note": "", "source": "RPC validators", "unit": "pct", "value": 36.1665 }, "top10_tx_share_last": { "label": "Top 10 signers' share of transactions, 2026-10", "note": "", "source": "BigQuery transactions", "unit": "pct", "value": 55.0159 }, "top_signer_last_active": { "label": "Last day that signer sent transactions, April 2026", "note": "", "source": "BigQuery transactions", "unit": "date", "value": "2026-04-02" }, "top_signer_mar26": { "label": "Largest signer, March 2026", "note": "", "source": "BigQuery transactions", "unit": "text", "value": "hotwallet.kaiching" }, "top_signer_share_mar26": { "label": "That signer's share of March 2026 transactions", "note": "", "source": "BigQuery transactions", "unit": "pct", "value": 62.0239 }, "treasury_moved_multiple": { "label": "That amount over the NEAR held in the revenue wallets", "note": "", "source": "BigQuery + RPC", "unit": "x", "value": 7.1368 }, "treasury_moved_near": { "label": "NEAR moved out of treasury.near in April and May 2026", "note": "", "source": "BigQuery receipt_actions", "unit": "near", "value": 30171203.0 }, "treasury_moved_usd": { "label": "Its value at today's price", "note": "", "source": "BigQuery + CoinGecko", "unit": "usd", "value": 108616330.8 }, "treasury_near": { "label": "NEAR in treasury.near", "note": "", "source": "RPC view_account", "unit": "near", "value": 1611852.0 }, "treasury_share_of_issuance_pct": { "label": "Treasury share of issuance", "note": "the protocol_reward_rate RPC field is a display artefact", "source": "nearcore reward_calculator.rs (hardcoded 1/10 on mainnet); RPC field reads 0", "unit": "pct", "value": 10.0 }, "tx_apr26": { "label": "Transactions, 2026-04", "note": "", "source": "BigQuery transactions", "unit": "n", "value": 28398312 }, "tx_drop_apr26_pct": { "label": "Change in transactions, March to April 2026", "note": "", "source": "BigQuery transactions", "unit": "pct", "value": -73.6705 }, "tx_mar26": { "label": "Transactions, 2026-03", "note": "", "source": "BigQuery transactions", "unit": "n", "value": 107857335 }, "validators": { "label": "Active validators", "note": "", "source": "RPC validators", "unit": "n", "value": 351 }, "venear_accounts": { "label": "veNEAR accounts", "note": "", "source": "RPC venear.dao", "unit": "n", "value": 507 }, "venear_supply": { "label": "veNEAR supply", "note": "", "source": "RPC venear.dao", "unit": "near", "value": 5391085.01 }, "vol_30d": { "label": "Intents volume, last full month", "note": "", "source": "revenue.near.org", "unit": "usd", "value": 3985641600.26 }, "vol_90d": { "label": "Intents volume, last three full months", "note": "", "source": "revenue.near.org", "unit": "usd", "value": 11990572760.62 }, "vol_all_time": { "label": "Intents volume, all time", "note": "", "source": "revenue.near.org", "unit": "usd", "value": 38106964542.26 }, "vol_annualised": { "label": "Intents volume, annualised from three months", "note": "", "source": "revenue.near.org", "unit": "usd", "value": 47962291042.47 }, "wd_all_share_of_reported_pct": { "label": "All priced withdrawals as a share of reported volume, week of 2026-10-19", "note": "includes solver and exchange withdrawals", "source": "BigQuery ft_events vs revenue.near.org", "unit": "pct", "value": 39.7527 }, "wd_big_count_share": { "label": "Withdrawals over $100k, share of count", "note": "", "source": "BigQuery ft_events", "unit": "pct", "value": 0.737658 }, "wd_big_value_share": { "label": "Withdrawals over $100k, share of value", "note": "", "source": "BigQuery ft_events", "unit": "pct", "value": 49.2948 }, "wd_ex_top10_share_of_reported_pct": { "label": "Withdrawals outside the 10 largest addresses, as a share of reported volume, week of 2026-10-19", "note": "an upper estimate of end-user flow: it leaves out the largest solver and exchange addresses but keeps smaller ones", "source": "BigQuery ft_events vs revenue.near.org", "unit": "pct", "value": 23.5975 }, "wd_floor_annual_usd": { "label": "That lower bound, annualised", "note": "", "source": "BigQuery ft_events", "unit": "usd", "value": 6556268913.53 }, "wd_floor_share_of_reported_pct": { "label": "That lower bound as a share of reported volume", "note": "", "source": "BigQuery ft_events vs revenue.near.org", "unit": "pct", "value": 16.2966 }, "wd_floor_share_prev_pct": { "label": "Same, week of 2026-10-12", "note": "", "source": "BigQuery ft_events vs revenue.near.org", "unit": "pct", "value": 14.547 }, "wd_floor_week_prev_usd": { "label": "Same, week of 2026-10-12", "note": "", "source": "BigQuery ft_events", "unit": "usd", "value": 127421335.82 }, "wd_floor_week_usd": { "label": "Withdrawals outside the top 100 addresses, week of 2026-10-19", "note": "a rough lower bound for end-user flow: large addresses may be solvers, exchanges or real whales, and the tail may include bots", "source": "BigQuery ft_events", "unit": "usd", "value": 126082094.49 }, "wd_small_count_share": { "label": "Withdrawals under $1k, share of count", "note": "", "source": "BigQuery ft_events", "unit": "pct", "value": 81.8851 }, "wd_small_value_share": { "label": "Withdrawals under $1k, share of value", "note": "", "source": "BigQuery ft_events", "unit": "pct", "value": 2.8016 }, "wd_top100_value_share": { "label": "Top 100 addresses' share of withdrawal value", "note": "", "source": "BigQuery ft_events", "unit": "pct", "value": 59.0049 }, "wd_top10_value_share": { "label": "Top 10 addresses' share of withdrawal value, week of 2026-10-19", "note": "", "source": "BigQuery ft_events", "unit": "pct", "value": 40.6391 }, "wd_top10_value_share_prev": { "label": "Same, week of 2026-10-12", "note": "", "source": "BigQuery ft_events", "unit": "pct", "value": 30.8919 }, "wd_top1_value_share": { "label": "Largest address's share of withdrawal value", "note": "", "source": "BigQuery ft_events", "unit": "pct", "value": 17.6496 }, "wd_week_usd": { "label": "Priced withdrawals, week of 2026-10-19", "note": "", "source": "BigQuery ft_events", "unit": "usd", "value": 307554337.01 }, "window_month": { "label": "Last full month", "note": "", "source": "revenue.near.org", "unit": "text", "value": "2026-10" }}