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Coin Specs
All Currencies
NEAR
NEAR
NEAR Protocol
$
4.6022
Market Cap
$ 5.41B
Circ. Supply
NEAR 1.17B
Volume (24h)
$ 121.68M
Daily Change
+2.32%
Weekly Change
-7.07%
Monthly Change
-8.9%
NEAR/USD Chart
Type
COIN
Algorithm
-
Protocol
-
Start Date
04/08/2020
Max Supply
1,000,000,000
Circ. Supply
1,176,867,417
Info
NEAR Protocol (NEAR) is a scalable blockchain designed to support decentralized applications and smart contracts with fast and low-cost transactions. NEAR's native token is used for staking, governance and token swaps. Its focus on user-friendly development tools and interoperability makes it a popular platform for blockchain innovation.
Market Impact
NEAR has made a substantial impact on the blockchain landscape by providing a developer-friendly and efficient platform. Its low-cost transactions have facilitated token swaps on decentralized platforms, attracting developers and users alike. NEAR's growing presence on major exchanges has expanded its reach, enabling cross-border transactions and contributing to the broader adoption of blockchain technology.
History
NEAR Protocol was founded in 2018 by Illia Polosukhin and Alexander Skidanov, with its mainnet officially launching in 2020. Built to solve scalability challenges, NEAR introduced a sharding-based consensus mechanism that enhances throughput and efficiency. Over time, NEAR has gained traction in decentralized finance (DeFi), enabling users to perform token swaps and interact with blockchain-based applications, further driving adoption across industries.
Features
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Sharding Technology
NEAR uses sharding to enhance scalability, allowing for fast and efficient token swaps across its network.
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Low-Cost Transactions
NEAR's network offers minimal transaction fees, making it an ideal choice for decentralized exchanges and DeFi applications.
-
Developer-Friendly Platform
NEAR provides user-friendly tools and frameworks, enabling seamless exchange of assets and the creation of blockchain-based solutions.
*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.