- The number of transactions on the Near blockchain soared above 13.935 million.
- According to Colin Wu, the spike coincided with the minting of the first inscription, NEAT.
- Near Chain generated a record $173,000 in transaction fees on December 1.
Near protocol achieved a milestone after a remarkable spike in the number of transactions on its native blockchain. As seen on a chart on its website, the number of transactions on the Near blockchain soared above 13.935 million on December 1, 2023.
Source: nearblocks.io
In a post on X (formerly Twitter), renowned crypto journalist Colin Wu noted that the recent spike in the number of transactions on the Near Chain coincided with the minting of the first inscription, NEAT, and support from Near’s official tweet. Apart from the rally in the number of transactions, Wu also noted that Near Chain generated a record $173,000 in transaction fees on the same day.
NEAT is the first Inscription standard to launch on Near’s Layer-1 blockchain. Reportedly, NEAT’s design would enable it to record inscriptions through function calls. It is a solution that is independent of smart contracts and enhances the security and …
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