My assessment of NEAR's tokenomics:
Pros:
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Offers excellent utility such as paying transaction fees, on-chain data storage, governance, and validator rewards.
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NEAR burns 70% of the transaction cost to balance the 5% growth from validator incentives, with the other 30% going to the dApps that generated those fees.
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Good number of nodes (800) and validators (204)
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Daily transactions are over 400K
Cons:
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The TVL peaked at nearly $500 million but dropped to $82.5 million, ranking them at #27. DefiLlama
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The Mcap/TVL ratio is relatively high at 23.25 compared to other assets such as Polygon, BSC, Algorand, Ethereum, and Avalanche, which all have a Mcap/TVL below 10. Thus, there may be better, more undervalued assets in this space. DefiLlama Show Less
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