đđ„ Protocol #NEAR Achieves Outstanding Growth in Q1 2024
Exciting news announcement! According to the latest report from Messari, NEAR Protocol saw significant expansion in the first quarter of 2024. Let's dive into the key highlights:
đč Total Value Locked (TVL) Soars: NEAR's TVL grew to $335 million in Q1, marking an impressive 163% quarter-on-quarter increase and a staggering 547% growth over the past six months.
đč Number of daily active addresses soars: The network saw an increase in the number of daily active addresses, reaching 1.2 million â a significant 42% increase compared to the previous quarter and a up an impressive 377% in the past six months.
đč Stablecoin market flourishes: NEAR's stablecoin market has had strong growth, with market value increasing 176% compared to the previous quarter, reaching 214 million USD. Notably, USDT saw outstanding growth from 1155% to $88 million, while USDC increased 189% to $85 million.
