NEAR

Near Protocol price

NEAR
|
4.0/5
CyberScope
4.4
06/13/2024
TokenInsight
3.5
03/26/2023
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USD
USD
$5.1590
-0.04%
1h
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Near Protocol price live data

The current price of Near Protocol is $5.1590. Since 00:00 UTC, Near Protocol has decreased by -0.04%. It currently has a circulating supply of 1,090,200,784 NEAR and a maximum supply of 1,183,246,171 NEAR, giving it a fully diluted market cap of $5.61B. At present, Near Protocol holds the 20 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-$0.00200 -0.04%
7 days-$0.69500 -11.88%
30 days-$2.5830 -33.37%
3 months-$1.4600 -22.06%

Near Protocol market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$4.9670
Last price $5.1590
24h high$5.4970
Heat index ranking
43
Market cap ranking
20
Market cap
$5.61B
Favorited rate
Percentage of users who favorited this asset to all users
5.46%
All-time high
$20.6000
-74.96% (-$15.4410)
Jan 15, 2022 (2 years ago)
All-time low
$0.85000
+506.94% ($4.3090)
Dec 3, 2020 (4 years ago)
ICO date
10/14/2020
ICO price
The price at which this crypto was first traded
$0.037500
Circulating supply
The amount of this crypto that is publicly available in the market
1,090,200,784 NEAR
Market cap at circulating supply
Market cap = Circulating supply × Last price
$6.09B

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.

NEAR 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/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.

How much is Near Protocol worth today?
Currently, one Near Protocol is worth $5.1590. 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.
What is cryptocurrency?
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.
When was cryptocurrency invented?
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.
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