I’m sure a lot of you have been hearing about Near Protocol lately. NEAR’s pump has also been pretty hard to miss. Not to brag but I knew Near Protocol would get it’s moment when I covered it late last year, and today I’m here to tell you what all the project has been up to.
For those unfamiliar, Near Protocol is quite similar to Solana, but it’s been compared to Ethereum when it transitions to proof of stake. That’s because Near Protocol uses a high performance sharded blockchain under the hood. As we know, sharding is something that Ethereum is looking to implement down the line
Much of Near Protocol’s recent popularity seems to be coming from the adoption of Aurora, a special smart contract layer on Near Protocol that leverages Ethereum’s Virtual Machine. It’s seen an almost 10x increase in TVL in 4 months!
Near Protocol has also turned heads with all the money it’s been raising. Since the start of the year, no less than 500 million dollars has poured into the project, and it really shows. Near Protocol’s growth has been exponential, and it’s showing no signs of slowing down.
And yes, I do hold NEAR, but I reckon I did a good job of being objective 😉
⛓️ 🔗 Useful Links 🔗 ⛓️
► Near Protocol Ecosystem: https://awesomenear.com/
► Near Protocol 150M Raise: https://cointelegraph.com/news/near-p…
► Near Protocol 350M Raise: https://cointelegraph.com/news/near-p…
► Near Protocol Substack Post: https://captainkole.substack.com/p/th…
► Near Protocol Statistics: https://explorer.near.org/stats
► Near Protocol Roadmap: https://gov.near.org/t/protocol-devel…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.