Learn more about "Near Protocol" & Earn $NEAR
NEAR

NEAR ProtocolNEAR

Rank #23
Coin
On 418,584 watchlists

NEAR Protocol Price (NEAR)

$10.48
6.68%

0.0002808 BTC8.73%

0.004245 ETH6.85%

Low:$9.98
High:$11.45
24h
NEAR  NEAR Protocol NEAR
Price:
$10.48
 6.68%
Market Cap
$6,522,969,675
6.60%
Fully Diluted Market Cap
$10,476,083,726
6.68%
Volume
24h
$673,683,586
19.62%
Volume / Market Cap
0.1033
Circulating Supply
622,653,450.00 NEAR
62%
Max Supply
1,000,000,000
Total Supply
1,000,000,000
Sponsored

NEAR Protocol to USD Chart

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NEAR Price Statistics

NEAR Protocol Price Today
NEAR Protocol Price$10.48
Price Change24h$-0.7498
6.68%
24h Low / 24h High
$9.98 /
$11.45
Trading Volume24h$673,683,585.67
19.62%
Volume / Market Cap0.1033
Market Dominance0.39%
Market Rank#23
NEAR Protocol Market Cap
Market Cap$6,522,969,674.76
6.60%
Fully Diluted Market Cap$10,476,083,726.44
6.68%
NEAR Protocol Price Yesterday
Yesterday's Low / High
$9.98 /
$11.69
Yesterday's Open / Close
$11.30 /
$10.53
Yesterday's Change

6.79%

Yesterday's Volume$669,340,655.45
NEAR Protocol Price History
7d Low / 7d High
$9.57 /
$13.48
30d Low / 30d High
$9.57 /
$20.42
90d Low / 90d High
$6.22 /
$20.42
52 Week Low / 52 Week High
$1.55 /
$20.42
All Time High
Jan 16, 2022 (12 days ago)
$20.42
48.69%
All Time Low
Nov 04, 2020 (a year ago)
$0.526
1891.79%
NEAR Protocol ROI

772.63%

NEAR Protocol Supply
Circulating Supply622,653,450 NEAR
Total Supply1,000,000,000 NEAR
Max Supply1,000,000,000 NEAR

NEAR to USD Converter

NEAR

NEAR Protocol

USD

United States Dollar

NEAR Price Live Data

The live NEAR Protocol price today is $10.48 USD with a 24-hour trading volume of $673,683,586 USD. We update our NEAR to USD price in real-time. NEAR Protocol is down 6.68% in the last 24 hours. The current CoinMarketCap ranking is #23, with a live market cap of $6,522,969,675 USD. It has a circulating supply of 622,653,450 NEAR coins and a max. supply of 1,000,000,000 NEAR coins.

If you would like to know where to buy NEAR Protocol, the top cryptocurrency exchanges for trading in NEAR Protocol stock are currently Binance, OKX, CoinTiger, Bybit, and Huobi Global. You can find others listed on our crypto exchanges page.

To find out even more about this project, check out our deep dive of Near.

What Is NEAR Protocol (NEAR)?

NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”

NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”

Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.

Who Are the Founders of NEAR Protocol (NEAR)?

NEAR Protocol was founded by Erik Trautman, an entrepreneur with experience on Wall Street and founder of Viking Education. His co-founders were Illia Polosukhin, who has more than ten years of industry experience, including three years at Google, and Alexander Skidanov, a computer scientist that worked at Microsoft and went on to join memSQL, where he became the director of engineering. NEAR Protocol has an extensive team of experienced developers that includes several International Collegiate Programming Contest (ICPC) gold medalists and winners. The team claims to have people with experience of building some of the only real-world sharded systems at scale, a solution the protocol is pursuing to improve blockchain scalability.

What Makes NEAR Protocol (NEAR) Unique?

NEAR uses its Nightshade technology to improve transaction throughput massively. Nightshade is a variation of sharding, in which individual sets of validators process transactions in parallel across multiple sharded chains, improving the overall capacity of the blockchain. In contrast to “regular” sharding, shards in Nightshade produce a fraction of the next block, called “chunks.” In doing so, NEAR Protocol is able to achieve up to 100,000 transactions per second and achieve near-instant transaction finality thanks to a one-second block cadence while simultaneously keeping transaction fees at virtually zero.

NEAR Protocol also improves upon the convoluted onboarding process of other blockchains by having human-readable addresses and building decentralized applications with similar registration flow to what users have already experienced. Moreover, it provides developers with modular components, helping them start projects like token contracts or NFTs more quickly.

Check out Iota (MIOTA) - Another blockchain for the Internet of Things.

Check out Ethereum (ETH) - The most popular blockchain for smart contracts.

Learn how DAOs work in our deep dive about DAOs.

Get the latest crypto news and latest trading insights with the CoinMarketCap blog.

How Many NEAR Protocol (NEAR) Coins Are There in Circulation?

The total supply of NEAR is 1 billion tokens, according to the following token distribution:

  • 17.2% - Community Grants
  • 11.4% - Operation Grants
  • 10% - Foundation Endowment
  • 11.7% - Early Ecosystem
  • 14% - Core Contributors
  • 17.6% - Backers
  • 6.1% - Small Backers
  • 12% - Community Sale

NEAR Protocol launched its mainnet on April 22, 2020 with 1 billion NEAR tokens created at genesis. 5% of additional supply is issued each year to support the network as epoch rewards, of which 90% goes to validators (4.5% total) and 10% to the protocol treasury (0.5% total). 30% of transaction fees are paid out as rebates to contracts that interact with a transaction, while the remaining 70% are burned. The NEAR token is used for:

  • Fees for processing transactions and storing data.
  • Running validator nodes on the network via staking NEAR tokens.
  • Used for governance votes to determine how network resources are allocated.

How Is the NEAR Protocol Network Secured?

NEAR uses a variation of the proof-of-stake consensus mechanism called Doomslug. Doomslug is based on two rounds of consensus, where a block is considered finalized as soon as it has received the first communication round. This allows for near-instant finality by having validators take turns producing blocks rather than competing directly based on their stake.

The NEAR Foundation is a Swiss-based non-profit dedicated to protocol maintenance, ecosystem funding, and guiding the protocol's governance. The protocol has also built a bridge to Ethereum, allowing users to transfer ERC-20 tokens from the Ethereum blockchain to NEAR.

Where Can You Buy NEAR Protocol (NEAR)?

NEAR is available on Binance, Huobi Global, Mandala Exchange, FTX and OKEx.

Cryptocurrency newbie? You can read more about how to enter the market and how to buy NEAR or any other token in the CoinMarketCap education portal — Alexandria.

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NEAR Price Statistics

NEAR Protocol Price Today
NEAR Protocol Price$10.48
Price Change24h$-0.7498
6.68%
24h Low / 24h High
$9.98 /
$11.45
Trading Volume24h$673,683,585.67
19.62%
Volume / Market Cap0.1033
Market Dominance0.39%
Market Rank#23
NEAR Protocol Market Cap
Market Cap$6,522,969,674.76
6.60%
Fully Diluted Market Cap$10,476,083,726.44
6.68%
NEAR Protocol Price Yesterday
Yesterday's Low / High
$9.98 /
$11.69
Yesterday's Open / Close
$11.30 /
$10.53
Yesterday's Change

6.79%

Yesterday's Volume$669,340,655.45
NEAR Protocol Price History
7d Low / 7d High
$9.57 /
$13.48
30d Low / 30d High
$9.57 /
$20.42
90d Low / 90d High
$6.22 /
$20.42
52 Week Low / 52 Week High
$1.55 /
$20.42
All Time High
Jan 16, 2022 (12 days ago)
$20.42
48.69%
All Time Low
Nov 04, 2020 (a year ago)
$0.526
1891.79%
NEAR Protocol ROI

772.63%

NEAR Protocol Supply
Circulating Supply622,653,450 NEAR
Total Supply1,000,000,000 NEAR
Max Supply1,000,000,000 NEAR