NEAR Protocol (NEAR)
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Chart: TradingView Lightweight Charts™ · Data: CoinMarketCap
NEAR Protocol value in USD
Conversions using the latest available price. Excludes fees and the bid-ask spread.
| NEAR amount | Value |
|---|---|
| 0.001 NEAR | $0.00498 |
| 0.01 NEAR | $0.0498 |
| 0.1 NEAR | $0.4980 |
| 1 NEAR | $4.98 |
| 10 NEAR | $49.80 |
| Budget | Estimated amount of NEAR |
|---|---|
| $100.00 | 20.08052465 NEAR |
| $500.00 | 100.40262327 NEAR |
| $1,000.00 | 200.80524655 NEAR |
| $5,000.00 | 1,004.02623274 NEAR |
| $10,000.00 | 2,008.05246548 NEAR |
NEAR Protocol in brief
NEAR Protocol is a proof-of-stake blockchain that scales through sharding and offers human-readable account names and flexible access keys. NEAR is its native token, used for transaction fees, storage and staking.
Official source: docs.near.org
Safety note: download wallets and apps only from the official site, and beware of unsolicited "support" accounts and fake airdrop sites.
Where does NEAR Protocol trade against the Turkish lira?
- Binance TR
- BtcTurk
- OKX TR
- Paribu
On this page 7
NEAR Protocol is a proof-of-stake layer-1 blockchain built for smart contracts and decentralised applications. Its native token, NEAR, pays for transaction fees, on-chain storage and staking. The project was founded in 2018 by Illia Polosukhin and Alexander Skidanov, and its mainnet launched in 2020. NEAR’s pitch is to scale the network through sharding while making apps as easy to use as ordinary web services.
How does NEAR work?
NEAR uses a sharding design called Nightshade. The network is split into several shards, each processing part of the transactions, and every block contains the transaction chunks from all shards. Capacity can therefore grow as shards are added. Nightshade 2.0, rolled out in 2024, lets validators verify transactions without storing each shard’s full state.
The network is secured by validators who stake NEAR, and transactions usually become final within a few seconds. Smart contracts run on WebAssembly and are mostly written in Rust or JavaScript. Ethereum-compatible apps can use a separate EVM environment running on NEAR, such as Aurora.
Accounts and access keys
NEAR accounts can use readable names such as “alice.near” instead of long hexadecimal strings. Each account can hold several access keys. A full-access key controls everything in the account, while a function-call key can only call specific methods on a specific contract, within a limited fee allowance.
This lets a game or app perform small actions on your behalf without a wallet prompt at every step. But a site that asks for a full-access key during “connect” is asking for control of your account, so apply the usual phishing precautions.
What is NEAR used for?
The first use is transaction fees. Of each fee, 70% is burned and 30% goes to the owner of the contract the transaction calls, giving developers a direct revenue stream. The second is storage: accounts and contracts must lock NEAR in proportion to the data they keep on chain. Roughly 1 NEAR is locked per 100 KB, and it is released when the data is deleted.
The third use is staking. Holders delegate NEAR to validators through staking pools and earn rewards. Unstaked coins become available after a waiting period of roughly two to three days. A validator’s commission and uptime directly affect the rewards you receive.
NEAR supply and key milestones
The network launched with 1 billion NEAR. New tokens are minted each epoch as validator rewards, while the burned share of fees partly offsets that issuance. Annual inflation was originally designed at around 5%; because the rate can change through protocol upgrades, check the official documentation for the current figure.
In recent years NEAR has focused on “chain abstraction”. Chain Signatures, introduced in 2024, lets a NEAR account sign transactions on other networks such as Bitcoin or Ethereum. Tools such as NEAR Intents aim to let users swap and transfer without thinking about which chain they are on.
What are the risks of NEAR?
Complex systems such as sharding and cross-chain signing can introduce new bugs and security risks. Liquid staking tokens carry price and liquidity risks that differ from native NEAR. Sending your entire balance can leave too little NEAR for storage and fees. Bridged versions of NEAR on Ethereum or BNB Chain are also different from native NEAR, so pick the right network when transferring.
How to read the market data
The price and market cap on this page refer only to the NEAR token, not to the tokens or revenue of apps in the ecosystem. Higher network usage burns more fees, but how much that affects the price depends on market conditions. Because supply grows every epoch, track price and circulating supply together when reading market cap.
