NEAR Protocol (NEAR) Price

$2.22

NEAR Protocol (NEAR) Price Today

The live price of NEAR Protocol is $2.22 USD. In the past 24 hours, the trading volume of NEAR Protocol was $96.2M USD, with a change of +0.17%. The current live price of NEAR Protocol has changed by -18.31% from its 7-day high of $2.72 USD and by +2.80% from its 7-day low of $2.16 USD. With a circulating supply of $1,255,445,561.00 NEAR, the market cap of NEAR Protocol is currently $2.7B USD, marking a -0.38% change in the last 24 hours. NEAR Protocol currently ranks 35 by market capitalization.

NEAR Protocol (NEAR) Market Data

Market Cap

$2.7B

24h Volume

$96.2M

Circulating Supply

1.2B NEAR

Maximum Supply

Fully Diluted Market Cap

$2.7B

Liquidity Indicator

3.52%

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About NEAR Protocol (NEAR)

What Is NEAR Protocol (NEAR) and How Does It Work?

NEAR Protocol is a layer-1 blockchain designed to make decentralized applications (dApps) fast, secure, and user-friendly. Launched in 2020, NEAR combines high performance with low fees through its unique sharding technology called Nightshade. This system splits the network into parallel segments (shards), allowing transactions and data to be processed simultaneously, dramatically improving scalability.

NEAR uses a Proof-of-Stake (PoS) consensus mechanism known as Doomslug, which ensures rapid finality and energy efficiency. Unlike traditional blockchains, NEAR supports human-readable account names (like alice.near), simplifying user interaction. Developers can build on NEAR using familiar languages like Rust or JavaScript via AssemblyScript. The protocol also features the Rainbow Bridge, enabling seamless interoperability with Ethereum, and Aurora, a layer-2 EVM-compatible solution for deploying Ethereum smart contracts on NEAR. Together, these innovations make NEAR a powerful infrastructure for Web3, DeFi, NFTs, and beyond.

What Is NEAR Protocol's Nightshade Consensus Mechanism?

Nightshade is NEAR Protocol’s innovative sharding-based consensus mechanism that enables the network to scale efficiently without compromising security or decentralization. Unlike traditional blockchains where each node processes the entire chain, Nightshade divides the network into multiple shards, with each shard handling a portion of the total network activity.

Each shard produces a “chunk” of data that is included in a single global block, allowing the network to process many transactions in parallel. This structure drastically increases throughput while keeping hardware requirements low for validators. Nightshade works in tandem with Doomslug, NEAR's finality gadget, which ensures fast block confirmation, often within one second.

By using this dynamic and parallelized model, NEAR can handle thousands of transactions per second with low latency and minimal fees, making it well-suited for high-performance dApps and real-world Web3 adoption.

Who Founded NEAR Protocol and When Was It Launched?

NEAR Protocol was founded by Illia Polosukhin (former AI researcher at Google and co-author of “Attention Is All You Need”) and Alexander Skidanov (early engineer at Microsoft and MemSQL). Some sources also include Erik Trautman, who helped establish the NEAR Foundation and supported early ecosystem development.

In 2017, Illia and Alexander launched an AI-focused startup named NEAR.ai. Their experience highlighted Ethereum’s limitations for payments and computation. By 2018, the vision pivoted toward building a scalable blockchain from the ground up.

The NEAR mainnet went live on April 22, 2020 (stealth launch), with token transfers enabled by a community vote later in October 2020. From September 2020, NEAR transitioned to being fully community-governed.

NEAR Protocol Roadmap: Key Highlights

• 2017: Illia Polosukhin and Alexander Skidanov launch NEAR.ai as an AI research project.

• 2018: The team pivots from AI to building a scalable layer-1 blockchain.

• April 2020: NEAR mainnet is stealth-launched, with initial token distribution.

• September 2020: The protocol transitions to community governance, moving toward decentralization.

• October 2020: Token transfers are enabled following a successful community vote.

What Are the Primary Use Cases of NEAR Token?

The NEAR token serves as the native utility and governance token of the NEAR Protocol. It is used to pay for transaction and storage fees, stake for network security, earn validator rewards, and participate in governance decisions that shape protocol upgrades.

You can buy, sell, or trade NEAR tokens easily on the BingX spot market, offering real-time pricing, high liquidity, and a secure platform for managing your NEAR holdings.

What Is NEAR Protocol Tokenomics?

NEAR Protocol has a total maximum supply of 1 billion NEAR tokens, with a current circulating supply of approximately 754 million as of May 2025. The tokenomics are designed to support network security, developer incentives, and sustainable ecosystem growth through a balanced issuance and burn model.

NEAR Protocol has a total supply of 1 billion tokens. The token distribution is as follows:

1. Token Inflation: ~5% annually

2. Token Burn: A portion of transaction fees (typically 30%) is burned, reducing supply over time

3. Staking Rewards: Around 90% of new issuance is distributed as staking rewards to validators and delegators

4. Ecosystem Fund: Reserved for developer grants, dApp growth, and protocol development

5. Foundation & Backers: Early contributors, core team, and investors have vested allocations with long-term cliffs to ensure alignment

How to Stake NEAR Tokens on NEAR Protocol

Staking NEAR tokens helps secure the network and allows you to earn passive rewards in return. You don’t need to run a validator node. Users can easily delegate their NEAR to trusted validators through supported wallets and platforms.

1. Get NEAR Tokens: Purchase NEAR on exchanges like BingX, then transfer them to a NEAR-compatible wallet.

2. Choose a NEAR-Compatible Wallet: Recommended wallets include:

• NEAR Wallet (web)

• Sender Wallet (browser extension)

• Trust Wallet and Ledger (via NEAR web interface)

3. Select a Validator: Open the staking dashboard within your wallet. Review validator performance, fees, and uptime. Choose a reliable validator with a good track record.

4. Delegate Your NEAR: Enter the amount you wish to stake. Confirm and authorize the transaction.

5. Earn Rewards: You’ll start earning staking rewards, usually in the 8–12% APY range (varies by validator). Rewards are claimable or restakable directly from your wallet.

What Are the Rainbow Bridge and Aurora on NEAR Protocol?

The Rainbow Bridge is NEAR Protocol’s trustless cross-chain bridge that enables seamless transfers of tokens, data, and assets between NEAR and Ethereum. It’s fully permissionless and decentralized, meaning users don’t need intermediaries to move assets across chains. Built using smart contracts on both NEAR and Ethereum, the bridge supports ERC-20 tokens and ensures compatibility with Ethereum-native dApps. This functionality allows users to leverage NEAR’s high-speed, low-cost infrastructure while still interacting with Ethereum-based assets.

Aurora, on the other hand, is an Ethereum Virtual Machine (EVM) built on top of NEAR, allowing developers to deploy existing Ethereum smart contracts with minimal changes. Aurora offers the best of both worlds: Ethereum compatibility with NEAR’s performance. It delivers faster transaction speeds and significantly lower gas fees compared to Ethereum, making it attractive for DeFi and NFT applications. Together, Rainbow Bridge and Aurora greatly expand NEAR’s interoperability, positioning the ecosystem as a scalable and developer-friendly hub for cross-chain Web3 innovation.

What Are NEAR Protocol's Unique Features?

NEAR Protocol stands out for its developer- and user-friendly architecture, which includes features like human-readable account names (e.g., alice.near) instead of complex wallet addresses. This makes onboarding more intuitive for mainstream users. It also offers progressive UX through features like meta-transactions, allowing users to interact with dApps without needing to own NEAR tokens upfront. These design choices lower entry barriers and promote mass adoption. NEAR supports multiple programming languages, such as Rust and AssemblyScript, enabling a wider range of developers to build decentralized applications efficiently.

Under the hood, NEAR’s standout technology is its Nightshade sharding model, which enhances scalability by splitting the network into multiple shards that process transactions in parallel. Combined with the Doomslug consensus mechanism, NEAR achieves near-instant finality and low latency. The protocol also incorporates a fee burn model, where a portion of transaction fees is destroyed, reducing token supply over time and benefiting long-term holders. With its integrated tools, bridges to Ethereum (Rainbow Bridge), and support for EVM-compatible smart contracts (Aurora), NEAR Protocol offers a robust, high-performance infrastructure for the next generation of Web3 applications.

How to Store NEAR Tokens Securely

The simplest way to store your NEAR tokens is by keeping them in your BingX spot account. This allows you to manage your assets easily, trade instantly, and access your portfolio through the BingX mobile app or website. While this custodial option offers convenience and built-in security measures like two-factor authentication (2FA) and real-time monitoring, users should enable all available security features and avoid sharing login credentials to maintain account safety.

For non-custodial storage, wallets like the official NEAR Wallet. Sender Wallet (a Chrome extension), and Trust Wallet provide secure ways to store NEAR while maintaining full control of your private keys. Hardware wallets such as Ledger also support NEAR via integration with NEAR Web Wallet, offering cold storage for maximum protection. These options are ideal for long-term holders or users participating in staking, as they combine high security with the ability to interact with dApps and validators directly.

How Does NEAR's Fee and Economic Model Function?

NEAR Protocol uses a gas-based fee system where users pay transaction and storage fees in NEAR tokens. Each transaction consumes a certain amount of gas based on computational complexity, and gas prices are dynamically adjusted depending on network usage. A unique aspect of NEAR's economic model is that 30% of transaction fees go to the smart contract’s creator, incentivizing developers to build efficient and popular dApps. The remaining 70% of the fees are burned, effectively reducing the overall token supply and introducing a deflationary mechanism.

To maintain network security and incentivize participation, NEAR issues new tokens through an annual inflation rate of ~5%, most of which (around 90%) is distributed to validators and delegators as staking rewards. The protocol also includes a storage staking mechanism, where users must lock up NEAR tokens proportional to the amount of on-chain storage they consume. This design ensures efficient resource allocation while balancing inflation with long-term value preservation through fee burning. Combined, NEAR’s fee and economic model encourage active participation, efficient smart contract design, and sustainable ecosystem growth.

Information source

Official Website

Whitepaper

NEAR Protocol (NEAR) Price Converter

NEAR to USD

1 NEAR = $ 2.22

NEAR to VND

1 NEAR = ₫ 58,143.46

NEAR to EUR

1 NEAR = € 1.93

NEAR to TWD

1 NEAR = NT$ 65.89

NEAR to IDR

1 NEAR = Rp 36,339.34

NEAR to PLN

1 NEAR = zł 8.24

NEAR to UZS

1 NEAR = so'm 28,354.78

NEAR to JPY

1 NEAR = ￥ 321.33

NEAR to RUB

1 NEAR = ₽ 177.89

NEAR to TRY

1 NEAR = ₺ 87.83

NEAR to THB

1 NEAR = ฿ 72.21

NEAR to UAH

1 NEAR = ₴ 92.08

NEAR to SAR

1 NEAR = ر.س 8.36

NEAR Protocol Price Converter

How to Buy NEAR Protocol (NEAR)

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Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.

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By accessing and using this platform, you agree to comply with our Terms of Use.

For more detailed information, please refer to our Risk Disclosure Statement.