• Daily user count on Near Protocol recently climbed to its highest since the year began.
• The last week has seen increased demand for the network’s native token NEAR.

Near Protocol’s [NEAR] daily active user count recently reached a year-to-date (YTD) high, according to data from Token Terminal. 

What’s going on at @NEARProtocol? pic.twitter.com/P2JJDY7voF

— Token Terminal (@tokenterminal) September 9, 2023

The on-chain data provider said the daily count of users on the Layer 1 (L1) blockchain network rallied to a high of 926,943 on 5 September. This represented a 2500% increase from the 36,211-user count recorded on 1 January.

Is your portfolio green? Check out the NEAR Profit Calculator

Due to increased network activity in the past few days, Near has also seen an uptick in transaction fees and protocol revenue. Data from Token Terminal revealed that in the last week, network fees and revenue on the blockchain has increased by almost 100%.

The number of daily transactions on the network surged to its highest level since the beginning of the year as users flocked to the platform. On 5 September, 3.17 million transactions were completed on Near, a 92% jump from the daily transactions count logged on the first day of the year.

However, with the last few days marked by a decline in

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Author: Abiodun Oladokun

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