Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ALTCOIN NEWS»Near Protocol Adopts Bitcoin Inscription: Here’s the Impact
ALTCOIN NEWS

Near Protocol Adopts Bitcoin Inscription: Here’s the Impact

By Crypto FlexsDecember 4, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Near Protocol Adopts Bitcoin Inscription: Here’s the Impact
Share
Facebook Twitter LinkedIn Pinterest Email
  • Blockchain transactions surged 12-fold in just 4 days.
  • 100% of the inscriptions were produced.

transaction NEAR Protocol (NEAR) According to Near Blocks, blockchain surged to unexpected levels between December 1st and 2nd. Total as of November 29 transaction The number of NEARs was 1.84 million.

However, at the time of going to press, the same figure stood at 13.93 million, a 12-fold increase in a matter of days.

Source: NearBlocks.io

There was no reason for the rapid increase in trading volume. According to research by AMBCrypto, NEAR has become the latest Layer 1 (L1) blockchain with the inscription.

NEAR and NEAT: An interesting bromance

On November 28, the NEAT inscription first appeared on the NEAR blockchain. During the launch, the Neat Inscription team described it as a new standard for launching public tokens on the network.

The development team also admitted to discovering this. ‘Bitcoin Ordinal’ A valuable experiment. I also added that this is one of the reasons why I follow the same steps using the Ordinals protocol.

Other L1s include: Litecoin (LTC) and Dogecoin (DOGE) has followed a similar path.

Like Bitcoin’s BRC-20, NEAT also created its own NRC-20, a fungible aspect of the inscription. As of this writing, 100% of all NRC-20 assets have been minted and burned.

According to AMBCrypto: evaluation NEAT currently has 24,139 NRC-20 token holders.

This is a historical record with 13.19 million transactions and 350,000 NEAR tokens burned in the last 24 hours.

That’s cool! 📸

Inscription is a new mechanism for creating digital assets on the blockchain, launched on the Bitcoin network via the Ordinals protocol.

Learn more about the first… https://t.co/u1KyhLLFVP pic.twitter.com/BGK7ZEfF1C

— NEAR Protocol (@NEARProtocol) December 1, 2023

This increase in activity earned NEAR $173,000 in fees. Therefore, the protocol was able to create a jump of 67.90%. revenueToken terminal has been released.

Chart showing NEAR protocol profits

Source: Token Terminal

In addition to the revenue increase, NEAR’s social volume was also impacted. social volume, tracked Total number of searches or messages linked to the project by on-chain analytics platform Santiment.

The market is listening.

In the early hours of December 3, social volume spiked to 12.14 and then declined. This means that discussions related to NEAR are increasing.

But sentiment surrounding the project seemed indecisive, swinging between bullish and bearish.

NEAR Social Volume and Weighted Sentiment

Source: Santiment

In terms of Total Value Locked (TVL), DefiLlama showed What this means is that the metrics have increased. At press time, NEAR’s TVL was $51.58 million.


how much? Currently worth 1,10,100 NEAR?


TVL measures the total value of assets locked in the protocol.

A decreasing TVL means that market participants are refraining from buying. deposit Convert their assets to protocols. Therefore, NEAR’s TVL increase means that the protocol is trustworthy enough to deposit liquidity in return for returns.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Tethers we target the Stablecoin market and quote the path of genius behavior.

July 31, 2025

Crypto EXEC is not the end of the rally.

July 24, 2025

Shib or PEPE: What memes coins are cut to the top 10 first?

July 17, 2025
Add A Comment

Comments are closed.

Recent Posts

Bybit’s Ben Zhou Charts Bold New Course To Rewrite Crypto Success At Mid-Year Keynote

August 6, 2025

Quantum advantage: Is the threat really?

August 6, 2025

Flipster And Kaia Partner To Extend Stablecoin Access Across Asia

August 6, 2025

MEXC Ventures Invests In Triv, Indonesia’s Leading Crypto Exchange, At $200 Million Valuation To Accelerate Southeast Asia Expansion

August 6, 2025

QPR has a partner relationship with Tokenfi to sponsor training kits.

August 6, 2025

Dreamcash starts the trading platform rollout with hyperclicade integration through waiting list.

August 6, 2025

Dreamcash Begins Rollout Of Trading Platform With Hyperliquid Integration Via Waitlist Access

August 5, 2025

Cango Inc. Announces July 2025 Bitcoin Production And Mining Operations Update

August 5, 2025

Succinct, The First Decentralized Prover Network, Launches On Mainnet

August 5, 2025

ONyc Launches On Kamino, Unlocking Real-World Yield And Collateral Utility In Solana DeFi

August 5, 2025

Your Best Choice For Security, Efficiency, And Transparency

August 5, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bybit’s Ben Zhou Charts Bold New Course To Rewrite Crypto Success At Mid-Year Keynote

August 6, 2025

Quantum advantage: Is the threat really?

August 6, 2025

Flipster And Kaia Partner To Extend Stablecoin Access Across Asia

August 6, 2025
Most Popular

Fee Estimation – How do I understand Bitcoin transfer fees?

January 4, 2024

Streamex (BSGM) CEO Henry McPhie Highlights BSGM Merger And RWA Tokenization Strategy In Live TV Interview

July 17, 2025

BlockDAG keynote turns investors into 10000x ROI believers amid growth of Cardano and LEO.

March 18, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.