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What is the circulation of NEM (XEM) (total supply of NEAR coins)?

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What is the circulation of NEM (XEM)? NEM is a second-layer scaling solution for

What is the circulation of NEM (XEM) (total supply of NEAR coins)?

What is the circulation of NEM (XEM)? NEM is a second-layer scaling solution for cross-chain interoperability. By enabling asset interaction between different blockchains and composability between protocols, it creates a flexible decentralized trading platform that allows users to transact without changing any underlying technology.

The use of tokens based on the ERC20 standard is widespread in the Ethereum ecosystem. For example, dApps on Ethereum can deploy smart contracts on it without relying on a specific network.

However, due to its complexity and non-fungible nature, it is also known as “Delegated Proof of Stake.” Therefore, to make these assets as accessible as other tokens, they must have different types. For example, cryptocurrencies such as ETH/WBTC and DAI/USDT need to be bridged to Ethereum. Therefore, if you want to send or receive ERC-20 tokens (XMR) worth more than $10,000, you need to transfer them from the Ethereum bridge to Polygon.

However, with Ethereum transitioning to a proof-of-stake mechanism, some tokens may become more expensive. Therefore, “circulation” is a very important metric as most tokens are minted through pre-compiled tokens. When we put a project on the Ethereum 2.0 mainnet, this process may take several weeks, but it is still unclear what factors contribute to this situation. (CryptoBriefing)

So, why does this issue occur? This is because NEM has its own issuance rules, and each method has its own functionality. For example, in some cases, the “issuance rate” (or supply percentage) determines the success of a project.

According to data submitted by developers, in the past 30 days, over 27,000 wallets have owned at least 1 million XEM coins (1% of the total circulation). Although these token quantities have increased (although most of them have been transferred to the Ethereum network), the NEM team has not completely eliminated this demand.

In fact, they have no plans to introduce new protocols in the future until it can be realized.

Total supply of NEAR coins

According to DuneAnalytics statistics, the total supply of NEAR coins is 3,250. Among them, the total supply of ERC20 tokens is 2,265, the total circulation of TRC20 tokens is 1,649, and they are already live on the EOS mainnet.

According to the definition by NEARions, NEAR coins are currently decentralized applications (dApps) running on the Ethereum network, created collaboratively by users and developers, aiming to be a universal currency on the internet and allowing people to exchange NEAR assets using their favorite applications.

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