Ethereum

NEAR Protocol

Solana

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 <p>A new report from Binance Research claims that one Ethereum (ETH) competitor ignored the greater crypto market trend and witnessed a surge in activity in the third quarter of this year.</p>
 <p>Researchers at the top global crypto exchange by trading volume note that the smart contract platform NEAR Protocol (NEAR) clocked 120% quarter-on-quarter growth in terms of average monthly transactions.</p>
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 <p>Explains Binance Research,</p>
 <p><em>“Blockchain activity generally declined across the board in Q3 with a fall in the number of transactions across most blockchains. Notwithstanding that NEAR is starting from a low base, it has witnessed increasing usage driven by top-down partnerships and grassroots initiatives.”.</em></p>
 <figure id="attachment_263697" aria-describedby="caption-attachment-263697" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-263697 size-full" src="https://cdn.thebittimes.com/images/2023/10/25/fdf0621e640a4d2104d36a1d8e37e012.webp" alt="" width="668" height="501" srcset="https://cdn.thebittimes.com/images/2023/10/25/fdf0621e640a4d2104d36a1d8e37e012.webp 668w, https://cdn.thebittimes.com/images/2023/10/25/fdf0621e640a4d2104d36a1d8e37e012.webp?resize=300,https://cdn.thebittimes.com/images/2023/10/25/fdf0621e640a4d2104d36a1d8e37e012.webp 300w" sizes="(max-width: 668px) 100vw, 668px">
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   Source: Binance Research
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 <p>The researchers also note that NEAR Protocol registered an increase in daily active addresses in a quarter where most smart contract platforms suffered a decrease. The project reached an average of 650,000 daily active addresses and passed both Ethereum and Solana (SOL) in terms of that metric in September.</p>
 <p>USDC, the second-largest stablecoin by market cap, launched on NEAR in September, which helped fuel the protocol’s surge in active addresses, according to Binance Research.</p>
 <p>NEAR Protocol is focused on scalability and stability. The project aims to allow developers to build decentralized applications at low cost.</p>
 <p>The protocol’s native asset, NEAR, is trading at $1.12 at time of writing.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/one-ethereum-rival-gained-steam-in-q3-2023-according-to-binance-research-tbt67618.html">https://thebittimes.com/one-ethereum-rival-gained-steam-in-q3-2023-according-to-binance-research-tbt67618.html</a></p>

One Ethereum Rival Gained Steam in Q3 2023, According to Binance Research

TheBitTimes

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