 Knocking off the king is no small feat and that is exactly what near protocol is done So today we're gonna do is take a look at some on-chain metrics or take a look at unique active wallets daily transactions Of course the fees to see how a crypto that is barely in the top 40 was able to knock off the two big players in the game Bitcoin and Ethereum before I jump into that. I want to just share with you a little quick story about Stocker store Ronaldo looks like he's in being court based on a lawsuit over Binance promotion. The reason for this is two-fold The first reason is because some people like to sue people It is how it is quick money. The second reason is people don't take responsibility for their actions So on this channel, I can't give you financial advice. Not a financial advisor I'm not even your dad So you can do whatever you want to do But just remember take responsibility do as much research as you possibly can because this is your hard earned money So having said all that near This is a pretty great Great piece and this is put together by the defiant and I'll link this in the descriptions You can read the actual the whole story But before I move on I want you to tell you that I am super biased on this project because I own this project But I'm going to be comparing this against some of my other bags Which would be bitcoin and ethereum and solana and cardano. So if you think that rob is biased Yes, rob is biased because he owns near and I don't talk about things unless I actually own them on this channel But I'm comparing them against all my different bags that are out there So let's jump into it near protocol overtakes ethereum and bitcoin in key activity metrics So here's what we have activity on near a spike since september overtaking bitcoin ethereum both in terms of daily transactions And active addresses near has this pretty big 838,000 daily active addresses daily the most out of any major layer one chains after tron tying with bmb chain bitcoin solana and ethereum coming next Nears daily transactions of 1.7 million beat out ethereum bitcoin navalanche while still trailing solana tron and bnb chain That's for daily transactions. Some people ask me this like well. How can how can near beat out bitcoin? That's the biggest big daddy of them all right, but remember this is daily active addresses me personally I don't use my bitcoin address except for maybe once a week when I transfer all the different bitcoin daily Cost average that I've done on coinbase and transfer them into my Bitcoin wallet a lot of people aren't using their bitcoin wallet to buy coffee A lot of people are storing their bitcoin in their wallet and not touching it So as far as active addresses, I can definitely see where this is coming from and then to move forward We'll talk about small machine metrics. So Why is this happening? Well, it comes out of games and payments these are fueling the growth with K canal I think it's how you say it a shopping app which is more prevalent in southeast asia It leads the way in terms of active wallets and also fitness app sweat coin one of my other favorite ones Drove the spike in september when it launched in the us and today sweat coin reached 1 million on chain active users for the first time I knew it would be a big project It just all depends on what's going to happen with the actual token price and we'll see how that works out Near as a native token is trailing though behind bitcoin and eth as far as price near as only gained 42 Year-to-date can pair with eth's 73 increase and bitcoins 130 rally again. This is all speculation So if we're just going by daily active addresses, it wouldn't even be close, but that's not what people invest into So to get into kk and swat K kai ching is the native stable coin of the k canal shopping apps K canal recently partnered with shopping behemoth cosmos AI which uses artificial intelligence to power Better shopping experiences. I've never personally used it, but I hear it's very good And I thought it was interesting about Web three overtaking the old garden web two the integration with cosmos which announced in april Which meant the cosmos ai ditched stripe They chose to go with kkai and we don't know what stripe is stripe is a payment processor I personally use this for a couple of my different websites And the fees are pretty that means 2.9 percent plus 30 cents per every single transaction So with stripe and of course it's different across the world with stripe They said, you know what you're too expensive and maybe you're too slow. We're going to go with the other one I think that's what you're going to see happen more and more more as we see blockchain technology and krypton just last That's take over and then to finish up kai kai and sweat Currently comprised really roughly 90 of all transactions on near again Two enormous apps and that's what's driving the daily active users So there is that piece and then this is a great piece But she always want to you know back it up and see is that true and take a look at some different metrics There's a couple different websites I actually posted this today and I looked at dap radar and I said I'll be damned, you know It looks like uh as far as like daily unique active wallets. It's true kai ching coming number one atomic acids I've never heard of this one atomic acids now number two pixels a huge game Uh from the creators of axi now in ronin is number three and then sweat economy gamify rareable And if we go over to dapper you can do this yourself you can go to dapperadar.com links in the description And if you click on unique active wallets and the first one is just an ad there's always an ad there It's quite annoying actually and if you click on this you can go to you know The highest the lowest and we can separate them and there they are kai ching 645 thousand Unique that's a lot unique active wallets atomic acids are eight nine and pixels number three hundred fifteen thousand That's daily and sweat economy hundred fourteen thousand. That's daily. That's pretty amazing and of course with uh I've been talking about us quite a bit last I don't know 10 12 months or so about how I believe that You know gaming is going to be the next narrative as far as like the next bull run But of course, I have to give props to keggy. He's the one that told me all about Pixels and he's the one that's really been talking about this one up and he's been right so far about this one You can follow keggy link in the description, but again If we want to take a look at the daily transactions like we just took a look at look at near This is a very new chain and if you are Under the belief that in the next bull run the new chains will outplay the old chains Then there's maybe something to actually look into now near was around in 2021 But it really wasn't doing too much. This is in april and you can see that the daily transaction the total transaction count was only 11,000 total transactions Wasn't even ranked that high and of course as we moved into the bear market Then all of a sudden they built in the bear so they can crush it in the bull And now you see these big big spikes. This might have been sweat when they actually launched it over in the u.s I'm not sure But you can see over here that daily transaction as of uh looks like monday, november 27th, even though today's Wednesday You're looking at 1.8 million one million eight hundred forty two eight hundred forty eight thousand So we'll just round up roughly around two million. So how does that compare to say like a polygon a polygon? Was actually sitting it around as far as like uh daily transactions around two Like two million two and a half million somewhere around there. We can see this just kind of coming across here You know, you got 2.1 million 2.3 2.2 and all of a sudden there's this huge spike So the first of all that spike was not because people started to use it like crazy I mean it kind of was what it really came down to was there was a minting of ordinals like tokens Which is that you can do an inscription service and a few and stuff like that Just like what they have with bitcoin Which causes a big surge in polygon transaction fees now it's come down You know after the after the big hype But what I found interesting about this is that uh with near protocol near is a layer one solution And they're doing all these transactions. I don't need a layer too. So I thought that was pretty pretty amazing And then also as far as like with ordinals today near Is uh partnering up and it looks like they're actually going for ordinals First inscription standard launches on near that bit today. So maybe we'll see a jump in transactions per day We'll see how it goes But what about solana because that would be the big question Well, solana and this you can find this It's kind of difficult sometimes to find the the solana metrics unless you know how to work This is uh soul scan.io links in the description and we're going to see here that uh, look over here Successful vote versus non-vote transactions. Look at these transactions on november 28th vote transactions 297 million 885,175 that's a lot of transactions, but those are just votes those are just uh Different node operators voting and doing different things But not like the non-vote transactions, which are just like the transactions that you would do for like Like orca like jupiter like they're different dexes or like transferring solana and doing those things That will be the non-vote transaction. But look at those numbers. That's pretty amazing You've got transactions again. You can you can mirror it over here in this teal color Transactions are 20 million per day 20 million 645 thousand. Remember Solana is also layer one solution does not need a layer two the only thing with uh, solana I know this is one of the big knocks is that you see up here and you can find this on sun Soul scan as well. This purple bar says success rate pretty successful 99.9 999 whatever it else it is over the last seven days, but what if you back that up to like three months? so that was going on here and Again, I own solana. I own a lot of solana So it would not behoove me to point this stuff out but it's a truth successful rate seems to be in flux And uh, there was a big knock against solanas. There was something they're going down last year And uh being able to start up and then people said it was a very not decentralized We can see the success rate 90 89 percent. This wasn't last year. This was september 18 2023 And we keep going down now. Let's take a look at let's max out all time You can see there has been some problems. However Things look to be doing pretty well And it's up to you to decide if that's something for you to do. I just give you the information This is right from soul scan. You can do with whatever you want with it. And then lastly, what about cardano? Cardano also one of my big picks And uh, you can see that transactions here not so much transactions. We can see like on november 23rd 50,000 46,000 50 that now there was a little uptick last Two weeks 78,000, but you have to remember There's a little bit difference in how you do with transactions because they have the unspent transaction output eutxl kind of like what bitcoin uses So with within each transaction that's done there are there are other transactions that are being done You can see this right here with eutxl.org And so this would be one transactions But you have nfts in there you have cardano you have much different things And if you toggle and what's also interesting about this if you toggle the show spend unspent utxos You can see what our intro wallet transactions are unspent Or transfer to foreign addresses. You can see why this one And not that many so again, don't shoot the messenger This is just the information that you have and this is right from eutxo.org The last thing you always want to look at and I have always said this before is transactions are cute That's adorable. Who's paying for this? So there's a great website called crypto fees dot info and of course Ethereum has been on top for quite some time bitcoin was actually on top a couple weeks ago with the ordinals It was crushing bitcoin or excuse me ethereum In the transaction fees and you might have seen that as you were transferring bitcoin last week or so You're like what the heck happened ordinals happen But as far as like average fees you can see that Yeah, they're in bitcoin are pretty high. So we know they don't have the daily transaction amount They still charge and that's how it is. But if we come down here polygon As far as like a one day 36,000. So they're getting paid dogecoin cardano Is seven thousand and again, not that many transactions. I'll be honest with you And then near we just took a look at all the transactions. It's only 4,300 bucks So what does that tell you it tells you that even though? polygon Has a rough a little bit more as far as daily transactions Near has Not really about the same maybe like You know between two and 1.8 million to 2.3 million But you can see the price difference and how much it is You know, that's quite a bit And then If you take a look at that and we can we can verify that also on near blocks.io as far as transaction fee charts For the daily you got 3075. So yeah, somewhere around there. I can see but what about solana What about the daily fees and you can find this again on soul scan? You can click on fees right here. You've got total fees and green total administration fees soul Or total additional fees in this gold color We're looking at the total fees right here for november 26, which is the last one they have over here It just looks like it's not complete Daily transactions or deli fees for narrow 26 was 673 Solana solana today is roughly 60 dollars So if you take 60 dollars times 673 total fees You're looking at roughly around 40 thousand dollars for the fees And again, they have roughly 20 million Different transactions. So even though near is less than that They're kind of in there or less than than what actually solana it actually has So that's all the data and I got to tell you it looks pretty positive For a couple of chains. I'll let you decide which ones those are But that will conclude that piece and lastly I just want to finish up with the macro because this is all well and good when we talk about On-chain metrics and what's going on? But you have to be aware of what's going on and they are surroundings and that would be these macro events so I don't know where things are going. I don't know if there's a recession I don't know if it's going to be another black swan event. I have no idea But one thing I can count on is that conflicting information And you're going to be inundated with so much information late Over the next couple of months. Is there a recession? Is there not? Is there going to be an etf? Is there not? Is gary going to do what he's supposed to do? Are we going to branch out into the rest of the world? Whatever it else it is and one of these things is going to be big as far as the macro But I just want you to remind you that For the things that come out Look on the other side because this is I'm going to show you an example This is business insider and they state that the stock market could plunge as much as 27% when the economy finally tips into recession Investment research firm says and in the same website on the same day They had stock market bulls are growing bolder now. Deutsche Bank predicts the s&p 500 will hit a record 55124 So just real quick the reason for this They say it's because the u.s economy remains on track and a recession is high interest rates Take a toll and there's a bunch of different information about why they think it is That's for the negative and then for the positive over here They say well strategists the bank of Deutsche Bank said money They expect the benchmark share index to trade a 5100 and bank of america goldman sacks rbc capital and bmo capital Other well-known wall street firms also predict an upbeat up b 2024 for us equities and the reason for that Deutsche bank's bullish outlook is based off a view that the u.s is nearing a soft landing economic scenario with inflation cooling while quarterly gdp growth Remains strong and to piggyback off that if you didn't know Looks like the gdp was actually revised a little bit higher just in time for a presidential election The u.s economy grew at a 5.2 percent annual rate in the third quarter The figure was revised up from an initial estimate of 4.9 So maybe there was a soft landing at least in what the actual data shows and approved my point even more So if you go to uh, Dave lin's channel Who used to be from kitko news start his own channel and just go down there and just watch any of his videos Just pick two you'll see all the experts one will say it's going to be a crash and one will say No, no, no, it's going to be awesome. It's going to explode. It's going to be fantastic. No, it's a bear rally No, it's going to be great. No, it's going to so again These are the experts that you're listening to and some days. I just want to tell you sometimes just best to tune out And uh, that is it for today Tomorrow if you're so interested we'll be doing nfa live over on ben's channel I knew the cryptiverse i'll be joined by guy as always point bureau And maybe we'll make some sense of the things that are going on, but that's it for today So look like today's video give it a thumbs up consider subscribing or let me talk about is time sensitive There's so much information is going to come out. I don't care who you subscribe to just get your information from somebody Keep abreast the situation and move forward, but that's it for today. Thanks so much everybody for stopping by I do appreciate it and i'll see you on the next one