Market structure

Who settles the swaps, which chains they connect, and how much of it involves NEAR itself.

Solver concentration

Share of solver-side volume. Solver = account facing 100+ distinct counterparties (heuristic).

Top 1Top 5

Source · pipeline/sql/71_solver_concentration.sql. Months under 28 cached days are gaps. · 2026-01-01 → 2026-10-01

Active solvers

Source · pipeline/sql/71_solver_concentration.sql. · 2026-01-01 → 2026-10-01

User volume touching NEAR itself

Share of user-received volume where NEAR, wNEAR or stNEAR is sold or bought.

Source · pipeline/sql/85_near_touch.sql. · 2026-01-01 → 2026-10-01

Implied confidential share, weekly

Share of DefiLlama's reported volume that public on-chain events do not account for. A residual, not a measurement.

Source · pipeline/model.py (confidential_residual), from public leg-sum and DefiLlama's reported volume. · 2026-01-05 → 2026-10-19

Top flows, latest full month

Open ↗

Origin chain of asset sold → asset bought, USD of bought leg.

Source · pipeline/sql/80_chain_pairs.sql.