See What Caused a 68% Jump in Revenue
According to Near Blocks, transactions on the NEAR Protocol blockchain saw an unexpected surge between December 1st and 2nd. As of November 29th, the total transaction count on NEAR was 1.84 Million. However, at press time, the same metric indicated a more than 12-fold increase within a few days. Why the NEAR Protocol Transactions Spiked The sudden spike in transactions came after NEAR became the latest Layer-one (L1) blockchain with inscriptions on board. On November 28th, NEAT notes first appeared on the NEAR blockchain. The NEAT Inscription team described it as a new standard for launching public tokens on the network during the launch. NEAT also created its own NRC-20, the fungible side of its inscriptions, just like Bitcoins BRC-20. 100% of the total NRC-20 assets have been minted and burned. Because of the increase in activity, NEAR gained $173,000 in fees, explaining the 68% jump in revenue, according to Token Terminal. NEARs Social Volume has also been affected. The Social Volume is tracked by the on-chain analytic platform Santiment. It is the total number of searches or messages connected to a project. Indian Entertainment Giant Collaborates with NEAR In addition, Shemaroo Entertainment Limited has introduced ShemarooVerse, a public metaverse. “With the launch of ShemarooVerse, a digital


