Ethereum competitor Close to Protocol (NEAR) good points 106% as DeFi warms up

Ethereum competitor Near Protocol (NEAR) gains 106% as DeFi warms up

Near Protocol (NEAR) is an intelligent contract platform that scales the network using parallel processing. This technique, known as sharding, is similar to what Eth2 is trying to achieve, and the consensus mechanism for demonstrating the use of Near also allows token holders to wager their coins.

Over the past month, NEAR is up 107%, and that begs questions about whether the project is making significant progress in a highly competitive smart contract industry.

NEAR / USDT (Binance). Source: TradingViewNear Protocol daily number of transactions. Source: explorer.near.orgNEAR Twitter User Activity vs. Price (USD). Source: The tie

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