This Near Weekly Recap is provided solely for informational purposes and does not constitute investment advice. Last week, $NEAR had a significant recovery week with the general market. Along with that is the news that $NEAR will be listed on Coinbase in the near future. Besides. Projects in the ecosystem also have a lot of interesting news.

NETWORK GROWTH

Total Value Lock

Total Value Locked on Near ecosystem increased slightly in the past week. Specifically, the current TVL is $567.5 million, an increase of approximately 2.14%. In particular, TVL on Near increased from $316.65M to $327.03M. TVL on Aurora also increased by 5.7%.

HIGHLIGHT EVENTS

NEAR releases JavaScript SDK, bringing Web3 to 20 million developers

NEAR unveiled its much anticipated JavaScript Software Development Kit (JS SDK) at ETHToronto, the official hackathon of the Blockchain Futurist Conference, in a significant move to democratize Web3 development.

With NEAR’s JS SDK, more than 20 million developers that make JavaScript the world’s most popular coding language can finally join the internet revolution and quickly build fast, scalable, and user-friendly decentralized applications.

More information: CLICK HERE

NEAR will list CoinBase.

Coinbase has announced to list $NEAR, which means NEAR will be available on the top 10 Tier-1 CEXs (according to CoinGecko).

More information: CLICK HERE

DEFI LEGO

Layer 2

The Aurora Ecosystem Tapping Into The Open DID Registry

Fractal announced to partner with Aurora. Fractal is supporting Aurora in creating a safe and compliant ecosystem for users and developers by deploying our privacy-preserving DID registry enabling them to use DIDs and jump from one dApp to another.

More information: CLICK HERE

Dex

Stader and JUMBO exchange partnership and farming incentives.

Stader is a multi-chain liquid staking contract infrastructure platform. Stader’s liquid staking solution is now present across Hedera, Polygon, Bnb, Fantom,& Terra 2.0. with a current TVL of ~ $80M+.

Stader’s goal is to maximize TVL and growth for the NEAR and Aurora ecosystems. To achieve this goal, they are willing to leverage Stader’s native SD token to incentivize users with support from the DEX’s through dual incentives.

More information: CLICK HERE

Trisolaris partners with Axelar to enable secure cross-chain liquidity.

Trisolaris partners with Axelar, the universal overlay network delivering secure cross-chain communication for Web3. With Axelar, users holding AURORA, NEAR, or USN will be able to use these currencies to buy and sell assets such as ETH, AVAX, DOT, or any other asset issued on chains supported by Axelar.

More information: CLICK HERE

Fusotao mainnet incentive activities are now live.

In order to celebrate the launching of the Fusotao mainnet and FXDX, Fusotao hold this big mainnet event with generous rewards. The total reward pool is up to 61,000 $TAO & 10,000 $OCT! The Mainnet event includes three activities, respectively they are:

1. Trading Contest: A total pool of 43,000 $TAO
2. Staking Contest: A total pool of 16,500 $TAO and 10,000 $OCT
3. Content Contribution Campaign: A total pool of 1,500 $TAO

More information: CLICK HERE

Ref Finance Onboards Gauntlet for Budget and Incentive Optimization.

As part of this partnership, Gauntlet’s Incentive Optimization (IO) platform will ingest the Ref Finance protocol data to manage rewards quantitatively. As part of this partnership, Gauntlet’s Incentive Optimization (IO) platform will ingest the Ref Finance protocol data to manage rewards quantitatively.

More information: CLICK HERE

Pembrock and Tonic Launch a New Trading Competition

From August 15, 2022 16:00 UTC to August 22, 2022 15:59 UTC, Pembrock trading competition will start.

• Traders can only use one pair, which is PEM/USDC
• The volume will determine the winners they create for each day. This means that every day will have it’s their own winner, so if you lose one day, you can come back another day and try to make the most of that day!
• The total prize pool is $250, and for each day, winners will be rewarded with $35

More information: CLICK HERE

Wallet

NearFi wallet tesstnet: Test-to-Earn

NearFi Wallet will launch its testnet on August 10, 2022. Join their testnet and help them refine Wallet and win awesome rewards.

More information: CLICK HERE

NFTS/GAMING

Sweat Economy has completed the audit

Sweat Economy has completed its Smart contract audit by Quantstamp. The pre-token censorship proves that the project is ready to go public, reducing the risk of hacking.

More information: CLICK HERE

VERDICT

Above is the important information in the past week of the Near ecosystem.

I’ll summarize a few key points from the past week.

• TVL on the Near Ecosystem has had 4 weeks of continuous recovery.
• Coinbase will list $NEAR on the Coinbase exchange.
• Trisolaris partners with Axelar to enable secure cross-chain liquidity.
• Fusotao Mainnet Incentive Activities are now live.
• Pembrock and Tonic launch a new trading competition

If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].

Find more information about NEAR

Website: https://near.org/

Whitepaper: https://near.org/papers/the-official-near-white-paper/

Twitter: https://twitter.com/NEARProtocol

Telegram: https://t.me/cryptonear

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Ken. N

Coincu Ventures