According to on-chain data, the total transaction fees for NEAR in the past 24 hours were 35,335 NEAR, a 1300% increase compared to the previous day, and 7.36 times the highest historical value. At the same time, the number of NEAR transactions has recently skyrocketed, with nearly 10 million transactions (9,957,991) on the NEAR chain on November 29, setting a new daily record (previously the highest value was about 3.5 million transactions).

The launch of NEAT may be one of the reasons for the above phenomenon. It is reported that NEAT is the first inscription project in the NEAR ecosystem, supporting one-click minting. Currently, the total supply of NEAT is 42 trillion, and the maximum quantity in each inscription is 100 million NEAT.