NEAR Protocol (NEAR)
NEAR is the native asset of the NEAR Protocol network used for fees and network participation.
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NEAR Protocol value in USD
Conversions using the latest available price. Excludes fees and the bid-ask spread.
| NEAR amount | Value |
|---|---|
| 0.001 NEAR | $0.00246 |
| 0.01 NEAR | $0.0246 |
| 0.1 NEAR | $0.2464 |
| 1 NEAR | $2.46 |
| 10 NEAR | $24.64 |
| Budget | Estimated amount of NEAR |
|---|---|
| $100.00 | 40.58574882 NEAR |
| $500.00 | 202.92874410 NEAR |
| $1,000.00 | 405.85748820 NEAR |
| $5,000.00 | 2,029.28744101 NEAR |
| $10,000.00 | 4,058.57488203 NEAR |
On this page
NEAR is the native crypto asset of the NEAR Protocol network. The network provides infrastructure for smart contracts and user applications; NEAR is used in areas such as transaction fees, storage, and staking. The project utilizes a sharding approach that splits the workload into pieces for scaling. NEAR is distinct from any tokens issued by applications on the network.
What does sharding aim for?
Sharding is a method that aims to increase capacity by dividing the network’s data and transaction load into different pieces. Instead of executing all tasks in the same way by every participant, it aims to distribute tasks. Communication between shards and a common security design are important parts of this structure. High capacity goals do not mean that every application will run uninterrupted under all conditions.
The user often sees these technical details in the wallet as a result of a transaction. An application transaction may involve multiple steps or contract calls. The acceptance of the initial submission and the completion of all sub-transactions may differ. Looking only at the initial status when examining the transaction record might overlook a subsequent contract error.
Account and access key model
NEAR accounts can have multiple access keys. While a full access key controls the account broadly, a function call key can be limited to specific contracts and methods. This distinction helps applications run without requesting authorization in the same scope for every transaction. However, it is still important to know what the limited key can do to which contract.
For example, authorizing an application only for certain game transactions is not the same as granting authority to manage all keys of the account. Read the target contract, permitted transactions, and fee budget in the wallet confirmation. Sharing the full access key can give control of the account to others. Requesting it under the name “Application connection” does not make this authority harmless.
Which costs are covered with NEAR?
Network transactions require a computation fee. Data held on-chain by accounts and contracts can also create storage requirements. For this reason, the total NEAR in the wallet and the freely available amount may not appear the same in every case. Even if an application pays fees on behalf of the user, the underlying resource cost does not disappear; only the payment arrangement changes.
When transacting with a token for the first time, additional steps for registration or storage might be required. This request should not be confused with the purchase price of the token. Read the sending, fee, and storage items shown by the interface separately. Transferring all available NEAR in the wallet may lead to not leaving the necessary transaction fee to manage the account later.
Staking and network participation
NEAR uses proof-of-stake, and validator participation is associated with staking. Users can delegate to validators through supported methods. Operator commission, performance, and exit conditions affect the outcome. A central platform offering NEAR yields does not indicate that it uses the same custody model as direct network delegation.
When using liquid staking, a separate token representing the deposited asset can be received. The market price and exit liquidity of this token create different risks than the underlying NEAR balance. When evaluating the reward rate, new token production, fees, and price changes must be monitored separately. An increase in the number of tokens alone is not a gain in TL or dollar terms.
Applications working with multiple networks
The NEAR ecosystem includes tools and applications that aim to simplify transactions on different networks for the user. Even if the user sees a single interface, different networks, signatures, and transfer mechanisms may work in the background. This convenience does not completely eliminate the need to know which asset is on which chain.
It is important whether a token coming from another network is a bridged representation or a native issuance. The route supported by an application may not be the same as the deposit route of the exchange. The market data on this page tracks the NEAR token; it does not measure the success or income of all applications in the ecosystem with a single figure. Evaluate the price along with the permission and custody conditions of the actual usage path.
