NEAR wallet users soar to 20+ million

November 3rd 2022 - 9 am CET - Seoul, Korea

NEAR wallet users soar from 2 million in January 2022 thanks to partnership with SWEAT Economy

NEAR Foundation, the Swiss non-profit supporting the governance and development of the NEAR protocol, today announced  a tenfold increase in the number of NEAR Wallet users since the start of this year, rising from 2 million to over 20 million.

The meteoric increase has been attributed to a combination of factors, including  growing support among developers and creators for NEAR’s easy to use, highly scalable, climate neutral, blockchain, as well as its successful partnership with companies such as SWEAT Economy, the world’s most popular fitness app.

Currently, NEAR has over 800 projects being built on its protocol, which uses Proof-of-Stake (PoS) consensus to secure and validate transactions on the blockchain. NEAR  has also lowered barriers for creators with important developments such as the launch of Javascript SDK – which will give over 20 million developers the opportunity to build Web3 apps using JavaScript, the most popular coding language in the world. 

NEAR’s  collaboration with SWEAT Economy has also been a vital catalyst for the uptake in NEAR Wallet users. In September,  Sweat Economy – the ‘economy of movement’ –  successfully launched on NEAR with the largest ever airdrop to active, opted-in, wallets. The Move-to-Earn platform, active in Web2 since 2016 with over 130 million global users of its Sweatcoin app, distributed their new Web3 SWEAT token to 13.5M token holders. The Sweat Wallet app quickly became the number 1 most downloaded finance app in 51 countries. This follows SWEAT’s success as the fastest IDO ever to sell out on the DAO Maker platform. 

Sweat Economy distributed over 4.7 Billion of its newly launched SWEAT token to the 13.5M of its Sweatcoin users who opted to enter into Web3. For many of these users, it is their first experience with Web3, making this airdrop the largest ever on-ramping of self-custody users from Web2 to Web3.

Marieke Flament, CEO of NEAR Foundation commented: “It’s been an extraordinary year for NEAR as we ramp up efforts to attract the world’s best and socially minded developers on our protocol. We have put our emphasis on championing talent diversity, regional hub development and sustainable practices. Equally important to our success is the strategic partnerships we have forged with prominent companies that have done a brilliant job at transitioning from a Web2 business model to Web3. Sweat Economy is one of these companies that have made it easy for people to access Web3 applications with the help of NEAR – which has led to millions of users for  its product – and for our protocol. These partnerships are key to helping us to realise our ambition to achieve mass adoption for crypto and to show the world that Web3 is capable of  solving real world problems and making society a better place for all.”




Press Contact
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Georgia Hanias

NEAR Foundation

+44 (0) 7812 211 403

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