NEAR Protocol's decentralized finance (DeFi) ecosystem has experienced a notable increase in activity, with decentralized exchange (DEX) volume reaching $739,375 over the past 30 days. This surge indicates a growing engagement among on-chain users.
The NEAR blockchain is designed to offer ultra-low transaction fees, with confirmations occurring in approximately one second and costs amounting to just a fraction of a cent. Additionally, NEAR's fee structure is designed to be deflationary, as 70% of transaction fees are burned, contributing to a reduction in the overall supply.
NEAR Protocol's DeFi Ecosystem Sees Surge in DEX Volume
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