2024 L1 Recap Series: Starting with $NEAR ! 🚨💯🥸 ...... The year’s almost up, and we’re kicking off a series to dissect how alternative Layer 1s performed in 2024. First up? #NEAR Protocol, the underdog giving the big players a run for their tokens. Let’s dive in!

📈 Price Action: NEAR’s token price climbed nearly 70% YTD, jumping from $3.6 to $6.1. Not too shabby, right? 👀

👥 Users & Activity:

▶️Daily users: Up 208% YTD! NEAR now trails only $SOL , averaging 3M daily users.

▶️Daily transactions: Up 70%, cruising at 7-8M a day. Dapps like HERE Wallet, KaiChing, and the memecoin hype (like $MONKY) drove this surge.

▶️Returning users: A jaw-dropping 88% of daily users are returnees! Compare that to SOL’s ~40%. NEAR’s monthly retention rate at Month 12 is 12%, leagues ahead of $TRX and BNB at less than 3%. Keeping users hooked = sustainable growth!

💰 TVL: From $91M to $300M, a 230%+ rise. While not at the billion-dollar mark like SOL or TRX, it’s still a solid climb.

💸 On-Chain Revenue: One area to improve—NEAR earns around $40K in fees daily. Stable, yes. But we’d love to see more growth here. Show us the money, NEAR!

Overall, NEAR crushed it in 2024 with growth across the board. Could it be the quiet achiever of the L1 race? 🧐 Which #Layer1 should we spotlight next? Drop your picks below, and stay tuned for more! As always, DYOR! 😉 #Altcoins