Daily

<ul>
 <li>The number of transactions on the Near blockchain soared above 13.935 million.</li>
 <li>According to Colin Wu, the spike coincided with the minting of the first inscription, NEAT.</li>
 <li>Near Chain generated a record $173,000 in transaction fees on December 1.</li>
</ul>
<a href="https://coinedition.com/tag/near-protocol-near/" rel="noopener noreferrer nofollow">Near protocol</a> achieved a milestone after a remarkable spike in the number of transactions on its native blockchain. As seen on a chart on its website, the number of transactions on the Near blockchain soared above 13.935 million on December 1, 2023.
<div class="wp-block-image">
 <figure class="aligncenter"><img src="https://lh7-us.googleusercontent.com/drBtHeJ0njliRJhzqKI16PiLawxDQRSOfOy-Ezy8CbqgYEfhZiQGH5CnKgTXPVvDUq_KdQCHPtoBhGPqlU5YeQwr4A0a-8uZt-OoIgKHODH7Hd8mxFUeTLdY1PK8Fsjavv0HUtMCbmw0obxdgGhOY1U" alt="">
 <figcaption>Source: <a href="https://nearblocks.io/charts/txns" target="_blank" rel="noopener noreferrer nofollow">nearblocks.io</a>
 </figcaption>
 </figure>
</div>
In a post on X (formerly Twitter), renowned crypto journalist Colin Wu noted that the recent spike in the number of transactions on the Near Chain coincided with the minting of the first inscription, NEAT, and support from Near’s official tweet. Apart from the rally in the number of transactions, Wu also noted that Near Chain generated a record $173,000 in transaction fees on the same day.&nbsp;
NEAT is the first Inscription standard to launch on Near’s Layer-1 blockchain. Reportedly, NEAT’s design would enable it to record inscriptions through function calls. It is a solution that is independent of smart contracts and enhances the security and …
The post <a href="https://coinedition.com/near-chains-daily-transactions-spiked-over-13-935m-on-december-1/" rel="noopener noreferrer nofollow">Near Chain’s Daily Transactions Spiked Over 13.935M on December 1</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Near Chain’s Daily Transactions Spiked Over 13.935M on December 1

Coin Edition

Other articles published on Dec 3, 2023

Join our free newsletter for daily crypto updates!