The market value has exceeded 10 billion USD. Are you familiar with these popular projects on Near?

Source: Dawns

As of December 22, NEAR's total supply is 1,059,210,394, with a circulating supply of 602,964,783. The total number of transactions on the network has reached 62,011,022, approaching the 60 million mark. The total number of accounts is 2,051,463, surpassing two million. The number of weekly active accounts is 82,910. According to Coinmarketcap data, as of the time of writing, the price of NEAR is $16.59, with a market capitalization of $10 billion, ranking 23rd globally.

In the first month of 2022, Near, as a representative of emerging public chains, gained the attention of global blockchain investors. With the continuous development of the Near project, more and more blockchain projects are migrating and deploying to NEAR. Today, we will share some of the recent popular projects in the Near ecosystem.

1. Aurora ------ The EVM of the Near ecosystem, linking Ethereum and Near

The Ethereum scaling solution Aurora based on Near has completed a $12 million Series A funding round, with participation from Pantera Capital, Dragonfly Capital, Electric Capital, Zero Knowledge Validation, Global Coin Ventures, imToken, Chronicle, and others.

Aurora is an Ethereum virtual machine created by the NEAR team, providing developers with a turn-key solution to run their applications on a platform that is compatible with Ethereum, high throughput, scalable, and secure for the future, while offering low transaction costs for their users.

Currently, Aurora's TVL has reached $500 million, with Ethereum projects such as Terra (LUNA), DODO, Oin Finance, Multichain, and The Graph having migrated over.

Aurora: https://aurora.dev/

2. Crafting Finance ------ A synthetic asset issuance and trading platform on the Near ecosystem

The synthetic asset issuance and trading platform based on the NEAR ecosystem has announced the completion of its seed funding round, with over 30 institutions participating, including Signum, SNZ, LD Capital, CMS Holdings, and Magnus Capital.

Crafting Finance is a next-generation synthetic asset protocol based on WASM, which allows the creation of freely tradable tokenized digital assets by using certain assets as collateral, enabling the generation of synthetic assets for various assets and NFTs.

Synthetic assets are one of the most complex product types in the DeFi world, essentially created through a model of over-collateralization, leveraging external decentralized oracles for data, and mapping off-chain assets to on-chain synthetic assets.

Crafting Finance can support up to $150 trillion in digital asset collateral and also supports NFTs like PUNK/BAYC as collateral for synthetic asset creation.

Crafting Finance: https://crafting.finance/

3. Meta Pool -------- A liquid staking protocol in the Near ecosystem

The liquid staking protocol Meta Pool based on the NEAR ecosystem has announced the completion of its seed funding round, with participation from Dragonfly Capital, A&T Capital, Move Capital, Blockwall, D1 Ventures, and SkyVision Capital.

Similar to Lido in the Ethereum ecosystem, Socean in the Solana ecosystem, and Bifrost in the Polkadot ecosystem, Meta Pool is a staking pool based on NEAR. Users who need to stake NEAR on the NEAR network can choose to deposit their NEAR into Meta Pool, which will delegate these NEAR to well-performing specific nodes, while returning derivative tokens stNEAR to users at a 1:1 ratio based on the amount of NEAR.

This way, the liquidity of assets that would otherwise be locked due to staking is freed up in the form of stNEAR, allowing users to freely transfer, trade, or collateralize these derived stNEAR, thus enhancing investment flexibility and potential returns.

Meta Pool: https://metapool.app/

4. Paras ------ A collectibles trading platform in the Near ecosystem

Paras is a collectibles trading platform built on the NEAR platform, where artists can publish their works or trading cards, and investors or collectors can purchase these items at their discretion.

In the future, Paras will not only add traditional features such as auctions and bidding but will also focus on the enhanced pack feature for cards. Paras hopes that after artists create collectibles, they will place them in these enhanced packs, similar to how users receive random cards when purchasing physical card packs. Additionally, Paras will build a series of trading mechanisms and create showcases for artists to display their works, allowing them to share the stories behind their creations.

Paras: https://paras.id/zh

5. Ref Finance ------ A multifunctional DeFi platform based on the Near network

Ref Finance is a multifunctional DeFi platform built on the NEAR protocol, combining several core components such as a decentralized trading platform, lending, and synthetic asset issuance. Its first product is an AMM, similar to Uniswap, which supports more pool types, multi-hop pools (all pools within a single smart contract), and configurable fees.

Recently, it just launched the StableSwap feature - allowing users to quickly swap one stablecoin for another with minimal slippage and low transaction fees.

Ref Finance: https://www.ref.finance/

6. Octopus Network ------ An application chain network in the Near ecosystem

Octopus Network is about to deploy a decentralized protocol, allowing any developer, project party, or entrepreneur to quickly and efficiently create their own application chain on NEAR at a low cost. Octopus Network founder Louis Liu explained: "Octopus provides instant security, interoperability, and on-chain governance services for projects that want to create customized blockchains for their open network applications."

The application chains deployed on NEAR through Octopus Network will significantly boost the growth of the NEAR ecosystem, with a large number of new applications, crypto economic models, governance mechanisms, and decentralized solutions expected to be launched on NEAR in the future. NEAR will operate Octopus application chains in an efficient, scalable, and cost-effective manner, while Octopus Network is expected to bring a wealth of developer community resources to NEAR.

Octopus Network: https://oct.network/

7. Trisolaris ------ A Uniswap built on Aurora

Trisolaris is a community-owned decentralized exchange (DEX) with fast settlement, low fees, and a democratic governance process.

Based on the NEAR Aurora EVM, Trisolaris is building a one-stop shop for DeFi on NEAR.

Recently, Dragonfly Capital will support the development of Trisolaris by providing liquidity and consulting.

Trisolaris: https://www.trisolaris.io/