Near Protocol shows no signs of backing down from the top as its active users has exceeded a staggering 3 million. This represents the success of AI and blockchain as a whole.
NEAR protocol has 3 million active users as reported by cryptorank. This achievement cements it as the top platform in AI and also a major player on the wider blockchain world. Both Tron and Solana couldn’t manage to get that number in the same period.
Growth of AI cryptocurrency market coincides with the growth of NEAR. This shows that blockchain and AI are becoming more and more intertwined. The most important factor influencing users to engage on NEAR is the rapid growth in AI related decentralized applications. Reportedly, dApps have increased by 70% compared with the previous quarter in Q3. It is also one of the most anticipated coin to surge in Q4.
According to a survey, AI dApps garnered 4.3 million daily unique active wallets, this really shows the growing interest in this sector of the cryptocurrency industry. NEAR protocol followed this trend by establishing collaborations with major corporations such as Nvidia and Alibaba to increase its AI capabilities.
With such collaborations and following the market trend, NEAR has shown strong growing ecosystem. The ecosystem is still experiencing positive growth, however market sentiment remains cautious as the price of the protocol decreased by 2.36% to $4.87, along with a more than 30% decrease in trading volume.