Affected by NEAT’s inscription, NEAR’s handling fees increased by 1,300% month-on-month in the past 24 hours

On-chain data shows that the total NEAR handling fees in the past 24 hours were 35,335 NEAR, a month-on-month increase of 1,300% from the 28th, and 7.36 times the historical high. At the same time, the number of NEAR transactions has surged significantly in recent days. On November 29, the number of transactions on the NEAR chain reached nearly 10 million (9,957,991), setting a single-day record (the previous highest value was about 3.5 million). The launch of NEAT inscription may be one of the reasons for the above phenomenon. It is reported that NEAT is the first inscription project of the NEAR ecosystem and supports one-click mint. The current total supply of NEAT is 4,200 trillion, and the maximum amount in each inscription is 100 million NEAT.