Near Protocol price

in USD
$2.034
-- (--)
USD
Last updated on --.
Market cap
$2.61B #28
Circulating supply
1.28B / 1.28B
All-time high
$20.6
24h volume
$227.04M
Rating
4.0 / 5
NEARNEAR
USDUSD

About Near Protocol

NEAR Protocol (ticker: NEAR) is a cryptocurrency designed to power the NEAR blockchain ecosystem, which focuses on scalability, user-friendliness, and enabling decentralized applications (dApps). It is built on a cutting-edge technology called sharding, which dynamically splits the network to handle high transaction volumes efficiently. This makes NEAR fast, cost-effective, and environmentally friendly. NEAR is used for transaction fees, staking to secure the network, and governance participation, allowing holders to vote on network upgrades. Its ecosystem supports AI integration, cross-chain liquidity, and decentralized finance (DeFi) innovations, positioning NEAR as a versatile tool for developers and users. With its focus on accessibility and scalability, NEAR is paving the way for a decentralized future.
AI insights
Layer 1
CertiK
Last audit: 1 June 2020, (UTC+8)

Near Protocol’s price performance

Past year
-53.02%
$4.33
3 months
-18.05%
$2.48
30 days
-21.53%
$2.59
7 days
-7.47%
$2.20

Near Protocol on socials

Coalie Bee 💹🧲
Coalie Bee 💹🧲
Good explainer on why this time is likely different for Zcash. - NEAR intents bring private money with Zashi - BTC fork, distribution heavily skewed for first 2 cycles - Privacy clamp downs in many places such as Europe already. Financial Privacies time is now
VLAD HOSTS THE BEST PODCAST IN BITCOIN
VLAD HOSTS THE BEST PODCAST IN BITCOIN
I understand that more people are paying attention to Zcash now So let me say this again: Zcash is basically Bitcoin with the latest version of the Zerocash protocol, which was proposed for Bitcoin in 2013 and took over a decade to refine. The biggest challenge, and the reason why Zcash didn’t really take off since launching in 2016, was user experience and the scalability of ZK SNARKs. You see, Zcash started from having the state of the art privacy. Then backtracked to make it usable on everyday devices. Until a couple of years ago, it was technically impossible to even have shielded Zcash transactions on a mobile wallet – due to the computation requirements and the hardware you needed to run the software on. But now there’s @zashi_app and @EdgeWallet and hopefully many more wallets that make it easy to send and receive shielded transactions on the go. Thanks to these optimizations, Zcash is finally ready for mass adoption. It finally became what it was supposed to be in 2016 when it launched as an altcoin. This is why this bull market is different and the chartists are wrong when they compare with past performance. They don’t know the technical details and the history of the project. They don’t understand that real adoption is happening via DeFi integrations, with users swapping into shielded ZEC to break the link between their trades. The future is also bright, with Tachyon scaling the protocol to billions of users without any privacy tradeoffs. Shielded assets are on the roadmap too. Zcash is the best research team in all of crypto. Started out with something purely theoretical (Zero Knowledge proofs) and made them practical. Refined their code to the point that it can be mass adopted. And through this journey, remained 100% compatible with Bitcoin – which means that even today, Bitcoin can just soft fork the latest version of the Zcash protocol. Thanks to Zcash Bitcoin currently has ZK rollups (Citrea, Alpen), shielded client side validation, ZK coins, and the Zside drivechain. Thanks to Zcash, Ethereum could build Tornado Cash, Railgun, ZK STARKs & all sorts of rollups. Of course, it’s the price that makes more people pay attention. But the problem is that these folks don’t have the proper context and didn’t spend more than 10 minutes doing some research about what Zcash is and what it does. Some may say that Zcash is overvalued and finds itself in a bubble today. I disagree: Zcash is the most influential privacy project in the space and deserves to be a top 10 crypto coin. It’s much more useful than Ripple, Cardano & Dogecoin combined. It’s more ambitious in scope than Monero and Litecoin. And I believe it’s only getting started. If you’re new here, I strongly recommend that you listen to my interviews with @zooko and @ebfull – if anything, spend a few hours of your time to learn about what you’re investing in before you put any money into this project. This goes way beyond speculation and NGU fantasies. It’s about the future that we want for this space and how we wish Bitcoin turned out to be.
David Haber
David Haber
Loved chatting with my friend @leomschwartz at the Super AI ML Summit in partnership with the NYC Mayor's Office and @supermomos about AI’s biggest opportunities. Long Live New York! 🗽
Dami-Defi
Dami-Defi
Something’s happening with L1s, and few are talking about it: $SOL ecosystem TVL has grown 10x since Jan '24 $TON token holders are up 35x since Jan '24, now at an ATH $NEAR validator count is at an all-time high of 370, up 50% YTD $ETH stablecoin supply exceeds $184B for the first time ever $AVAX RWA market is now above $1B Growth across multiple metrics is absolutely massive.

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Near Protocol FAQ

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

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

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

Currently, one Near Protocol is worth $2.034. For answers and insight into Near Protocol's price action, you're in the right place. Explore the latest Near Protocol charts and trade responsibly with OKX.
Cryptocurrencies, such as Near Protocol, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Near Protocol have been created as well.
Check out our Near Protocol price prediction page to forecast future prices and determine your price targets.

Dive deeper into Near Protocol

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.

Disclaimer

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Market cap
$2.61B #28
Circulating supply
1.28B / 1.28B
All-time high
$20.6
24h volume
$227.04M
Rating
4.0 / 5
NEARNEAR
USDUSD
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