NEAR 2023 Q4 report: Circulation market value increased by 245% month-on-month, and daily active addresses increased by 1,250% year-on-year to nearly
According to the NEAR 2023 Q4 status report released by Messari on January 30th, the daily active addresses on the NEAR network increased by 1,250% YoY to nearly 1 million.
In addition, NEAR's circulating market value increased by 245% MoM to $3.7 billion, surpassing 54% of the overall cryptocurrency market growth. This MoM growth resulted in a YoY growth of 246%, ranking NEAR around 30th among all cryptocurrency projects.
Messari stated that NEAR's growth was due to several major technological development achievements launched by the foundation. These developments include the NEAR data availability layer, the L2 fast finality layer in collaboration with Eigen Labs, and zkWasm developed in collaboration with Polygon Labs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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