All-time High
$20.42
Jan 17, 2022
All-time Low
$0.53
Nov 05, 2020
Volume(24h)
$237.36M
Turnover rate
8.93%
Market Cap
$2.6567B
FDV
$2.7B
Circulating supply
$1.23B
Total supply
$1.26B
Max supply
Website
Currency Calculator
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Community sentiment

26%
74%


Bullish

Bearish
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{{val.marketPair}} | {{decimal(val.price,true,2)}} | {{val.volume24h}} | {{val.volumePercent}} | Low Moderate High | {{val.effectiveLiquidity}} | Buy / Sell | |
About NEAR Protocol
Where Can You Buy NEAR Protocol (NEAR)?
NEAR is available on [Binance](https://coinmarketcap.com/exchanges/binance/), [Huobi Global](https://coinmarketcap.com/exchanges/huobi-global/), [Mandala Exchange](https://coinmarketcap.com/exchanges/mandala/) and [OKEx](https://coinmarketcap.com/exchanges/okex/). Cryptocurrency newbie? You can read more about how to enter the market and how to buy NEAR or any other token in the CoinMarketCap education portal — [Alexandria](https://coinmarketcap.com/alexandria/).
How Is the NEAR Protocol Network Secured?
NEAR uses a variation of the [proof-of-stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) consensus mechanism called Doomslug. Doomslug is based on two rounds of consensus, where a block is considered finalized as soon as it has received the first communication round. This allows for near-instant finality by having validators take turns producing blocks rather than competing directly based on their stake. The NEAR Foundation is a Swiss-based non-profit dedicated to protocol maintenance, ecosystem funding, and guiding the protocol's governance. The protocol has also built a bridge to Ethereum, allowing users to transfer [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) tokens from the Ethereum blockchain to NEAR.
How Many NEAR Protocol (NEAR) Coins Are There in Circulation?
The total supply of NEAR is 1 billion tokens, according to the following token distribution: * 17.2% - Community Grants * 11.4% - Operation Grants * 10% - Foundation Endowment * 11.7% - Early Ecosystem * 14% - Core Contributors * 17.6% - Backers * 6.1% - Small Backers * 12% - Community Sale NEAR Protocol launched its mainnet on April 22, 2020 with 1 billion NEAR tokens created at genesis. 5% of additional supply is issued each year to support the network as epoch rewards, of which 90% goes to validators (4.5% total) and 10% to the protocol treasury (0.5% total). 30% of transaction fees are paid out as rebates to contracts that interact with a transaction, while the remaining 70% are burned. The NEAR token is used for: * Fees for processing transactions and storing data. * Running validator nodes on the network via staking NEAR tokens. * Used for governance votes to determine how network resources are allocated.
What Makes NEAR Protocol (NEAR) Unique?
NEAR uses its Nightshade technology to improve transaction throughput massively. Nightshade is a variation of [sharding](https://coinmarketcap.com/alexandria/glossary/sharding), in which individual sets of validators process transactions in parallel across multiple sharded chains, improving the overall capacity of the blockchain. In contrast to “regular” sharding, shards in Nightshade produce a fraction of the next block, called “chunks.” In doing so, NEAR Protocol is able to achieve up to 100,000 transactions per second and achieve near-instant transaction finality thanks to a one-second block cadence while simultaneously keeping transaction fees at virtually zero. NEAR Protocol also improves upon the convoluted onboarding process of other blockchains by having human-readable addresses and building decentralized applications with similar registration flow to what users have already experienced. Moreover, it provides developers with modular components, helping them start projects like token contracts or NFTs more quickly.
Who Are the Founders of NEAR Protocol (NEAR)?
NEAR Protocol was founded by Erik Trautman, an entrepreneur with experience on Wall Street and founder of Viking Education. His co-founders were Illia Polosukhin, who has more than ten years of industry experience, including three years at Google, and Alexander Skidanov, a computer scientist that worked at Microsoft and went on to join memSQL, where he became the director of engineering. NEAR Protocol has an extensive team of experienced developers that includes several International Collegiate Programming Contest (ICPC) gold medalists and winners. The team claims to have people with experience of building some of the only real-world sharded systems at scale, a solution the protocol is pursuing to improve blockchain scalability.
What Is NEAR Protocol (NEAR)?
[NEAR Protocol](https://coinmarketcap.com/currencies/near-protocol/) is a [layer-one blockchain](https://coinmarketcap.com/alexandria/glossary/layer-1-blockchain) that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for [DApps](https://coinmarketcap.com/alexandria/de/glossary/decentralized-applications-dapps) and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to [Ethereum](https://coinmarketcap.com/currencies/ethereum/). NEAR also introduces unique solutions to scaling problems and has its own [consensus mechanism](https://coinmarketcap.com/alexandria/glossary/consensus-mechanism) called “Doomslug.” NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.” [Flux](https://coinmarketcap.com/currencies/zel/), a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an [NFT](https://coinmarketcap.com/alexandria/glossary/non-fungible-token) minting platform are examples of projects being built on NEAR Protocol.
NEAR Protocol News
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Altcoins are showing signs of life! Are recent daily gains and XRP's surge enough to ignite the AltSeason 2025? We analyze the trends and expert opinions.
Jun 24, 2025 at 07:41 pm
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Analyzing the impact of the Iran ceasefire on Bitcoin and broader crypto risk appetite. Get the latest insights on market trends and institutional sentiment.
Jun 24, 2025 at 07:16 pm
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Texas is making bold moves in the Bitcoin space, establishing a state-level strategic reserve and signaling a digital future. Learn about the key developments and what it means for the industry.
Jun 24, 2025 at 07:08 pm
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Exploring the interplay of geopolitical events, Bitcoin's resilience, and the rise of BTC Bull Token. Is a Bitcoin boom on the horizon?
Jun 24, 2025 at 07:07 pm
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Texas is making waves in the crypto world with its Bitcoin reserve. Discover how this move signals a shift in financial strategy and what it means for the future.
Jun 24, 2025 at 06:43 pm
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Global markets react as an Iran-Israel ceasefire takes hold. What does this mean for Bitcoin and cryptocurrencies? A look at the intersection of geopolitics and digital assets.
Jun 24, 2025 at 06:38 pm
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Exploring the ethical dimensions of Bitcoin and cryptocurrency, from regulatory challenges to philosophical debates, with a focus on recent trends and insights.
Jun 24, 2025 at 06:30 pm
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Exploring Hut 8's expanded partnership with Coinbase, Bitcoin's evolving role in energy solutions, and the broader crypto landscape. Get the latest insights here!
Jun 24, 2025 at 06:30 pm
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Discover how QFSCOIN's cloud mining contracts offer global investors a hassle-free entry into Bitcoin, Litecoin, and Dogecoin mining, capitalizing on Bitcoin's surge.
Jun 24, 2025 at 06:28 pm
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