NEAR 2023 Q4 Report: Circulating market capitalization increased by 245% compared to the previous quarter, and daily active addresses grew by 1,250% year-on-year to nearly one million.

According to a NEAR 2023 Q4 status report released by Messari on January 30, the daily active addresses on the NEAR network increased by 1,250% YoY to nearly 1 million. In addition, NEAR's circulating market cap grew by 245% MoM to $3.7 billion, surpassing the overall crypto market's 54% growth. This MoM growth resulted in a 246% YoY growth for NEAR, ranking it around 30th among all crypto projects. Messari stated that NEAR's growth was due to several significant technical developments launched by the foundation. These developments include the NEAR data availability layer, the L2 fast finality layer in collaboration with Eigen Labs, and zkWasm developed in partnership with Polygon Labs.