Comparative analysis

**Transaction Volume (TXS):** - dApps: dApps have a significantly higher transaction volume with 60,806,050 transactions. This indicates that there is a substantial level of activity within the NEAR protocol driven by decentralized applications. - CEXs: Centralized exchanges have a much lower transaction volume with 1,300,789 transactions. This suggests that the majority of transactional activity within the NEAR protocol is driven by decentralized applications. **Number of Wallets:** - dApps: dApps also have a higher number of wallets, with 986,154 wallets. This indicates a broad user base or a diverse set of projects using NEAR's blockchain for various purposes. - CEXs: Centralized exchanges have fewer wallets, with 528,628 wallets. While this number is still substantial, it's lower than the number of wallets associated with dApps. **Transaction Volume in NEAR Tokens:** - CEXs: Centralized exchanges have a significantly higher transaction volume in terms of NEAR tokens, with 2,139,997,604.54 NEAR tokens. This indicates that while the number of transactions is lower for CEXs, the value of the transactions is much higher. This could be attributed to large-scale trading activities and the movement of larger amounts of NEAR tokens on these exchanges. - dApps: dApps have a lower transaction volume in NEAR tokens, with 53,113,566.70 NEAR tokens. This suggests that dApps may be focused on a larger number of smaller-value transactions, such as interactions with smart contracts and applications. **Type of Participants:** - dApps represent a more decentralized and diverse set of participants, including various projects and applications built on the NEAR protocol. - CEXs represent centralized entities that primarily facilitate trading and liquidity provision. Overall, the data indicates that while decentralized applications on the NEAR protocol drive a higher number of transactions and have a broader user base, centralized exchanges are responsible for a substantial portion of the total transaction value, reflecting the trading and liquidity provision activities they facilitate. The choice between dApps and CEXs for liquidity entry depends on the specific use case and objectives within the NEAR ecosystem.

Orderly On-chain Order Book