Near Network (NEAR), a decentralized platform for open web applications, experienced a boom in its activities in September 2023.
According to official statistics, the network has recently processed an average of close to 1.9 million transactions per day, and the number of daily active accounts is more than 730,000.
On September 5, the network reached new highs in various metrics such as total transactions, active accounts, and gas usage.
One of the main drivers of this growth has been KAI-Ching, a blockchain-based loyalty program that is part of the artificial intelligence-driven sales ecosystem Cosmose AI. KAI-Ching allows users to earn and redeem rewards at thousands of online and offline stores such as Sephora, Starbucks and Nike.
The program has processed 14.88 million transactions on the Near Network cryptocurrency network in the past two weeks, making it one of the most popular apps on the platform.
However, the recent increase in activity did not show itself much in the price of the NEAR altcoin. The token has only gained 1.95% in the past week and is trading at $1.15, down 14% from a month ago.
NEAR reached its all-time high at $20.42 on January 17, 2022.
*Not investment advice.