NEAR

Near Protocol price

NEAR
Quote currency
$3.70-4.32%
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Near Protocol price live data

The current price of Near Protocol is $3.70. Since 00:00 UTC, Near Protocol has decreased by 4.32%. It currently has a circulating supply of 1.04B NEAR and a maximum supply of 1.18B NEAR, giving it a fully diluted market cap of $3.85B. At present, Near Protocol holds the 29 position in market cap rankings. The Near Protocol/USD price is updated in real-time.

Near Protocol price performance in USD

Time periodChange amount%Chg
Today-$0.16-4.32%
7 days$0.288.20%
30 days$0.7826.40%
3 months$0.0491.35%

Near Protocol market information

24h low/high
24h low$3.50
Last price $3.70
24h high$3.93
Heat index ranking
26
Market cap ranking
29
Market cap
$3.85B
Favorited rate
4.36%
All-time high
$20.60
-82.06% (-$16.90)
Jan 15, 2022 (2 years ago)
All-time low
$0.85
+334.94% (+$2.85)
Dec 3, 2020 (4 years ago)
ICO date
10/14/2020
ICO price
$0.038
Circulating supply
1.04B NEAR
Market cap at circulating supply
$3.85B

About Near Protocol (NEAR)

In 2020, the decentralized finance (DeFi) sector saw significant growth, leading to a surge of decentralized applications (dApps) on the Ethereum network. This surge underscored some of Ethereum's scalability challenges, pointing to the necessity for a more robust solution. Responding to this need, Near Protocol emerged as a community-oriented cloud computing platform aiming to mitigate these constraints.

What is Near Protocol 

NEAR is a community-driven cloud computing platform that adopts the Proof of Stake (PoS) consensus mechanism. With its user-friendly interface and smart contract capabilities, NEAR seeks to empower developers to effortlessly design and deploy innovative dApps and DeFi solutions. Furthermore, its unique design allows users to engage with dApps and smart contracts without requiring a wallet.

The Near Protocol team

Erik Trautman, an entrepreneur boasting Wall Street experience and founder of Viking Education, pioneered NEAR. Alongside him are co-founders Illia Polusukhin, a former Google employee, and Alexander Skidanov, an ex-Microsoft staffer. Under their leadership, NEAR has amassed a skilled cohort of developers, featuring International Collegiate Programming Contest gold medalists.

How does Near Protocol work

Utilizing sharding technology, NEAR improves transaction speed and volume. By distributing its computational load across multiple shards, each node runs only the relevant code for its assigned shard, optimizing scalability. NEAR's Blockchain Operating System (BOS), grounded in JavaScript, ensures developers can use a familiar programming language. The platform provides ready-made components, facilitating quicker product development. Moreover, users can swiftly access the system without needing to own or use cryptocurrency.

NEAR tokenomics

NEAR's native token, NEAR, was launched on October 13, 2020, with a total supply of 1 billion tokens. The token offers several use cases, from paying transaction gas fees to staking for rewards. Additionally, it plays a role in governance, data storage, and access to services and applications on the Near Protocol.

NEAR distribution

NEAR was distributed in the following way:

  • 17.2 percent: Community grants and programs
  • 15.23 percent: Seed round
  • 14 percent: Core contributors
  • 11.76 percent: Early ecosystem development
  • 11.4 percent: Operation grants
  • 12 percent: Community sales
  • 10 percent: Foundation
  • 8.41 percent: Venture round

Near Protocol: The road ahead

Created for robustness and efficiency, NEAR offers a platform free from intermediaries, permitting users to independently publish and host applications. This commitment to progress is reflected in their Q3 2023 announcement, heralding phase 2 of sharding to enhance the sharding process and improve scalability.

Learn more about Near Protocol (NEAR)

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Near Protocol FAQ

What is Near Protocol?

Near Protocol is a cutting-edge Layer 1 blockchain platform, known for its scalability and rapid transactions, courtesy of its sharding mechanism.

How does Near Protocol ensure scalability in its platform?

Near Protocol incorporates sharding, a technique that divides the network into smaller segments (or shards), thereby optimizing transaction speeds and overall network performance.

Where can I buy NEAR tokens?

Easily buy NEAR tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include NEAR/BTC, NEAR/ETH, NEAR/USDC and NEAR/USDT.

You can also buy NEAR with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Additionally, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for NEAR with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into NEAR, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

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