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NEAR Protocol price today is $2.24 USD with a 24-hour trading volume of $56,127,711 USD. NEAR Protocol is down 6.78% in the last 24 hours. The current CoinMarketCap ranking is #54, with a market cap of $584,692,355 USD. It has a circulating supply of 260,669,229 NEAR coins and a max. supply of 1,000,000,000 NEAR coins.
NEAR Protocol is a decentralized application platform designed to make apps usable on the web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to offer scalability and stable fees.
NEAR is the native utility token that is used for:
NEAR tools include:
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 which interact with a transaction, while the remaining 70% are burned.
NEAR Protocol is the brainchild of developers Alex Skidanov and Illia Polosukhin, both of whom have extensive experience in programming.
The two met while Skidanov worked at U.S. startup accelerator Y Combinator, and in July 2018 began work on a project which focused on allowing developers to build and release software with less friction.
This project became what is now the NEAR Protocol, and employs more than 40 staff, including developers with experience at Google and MemSQL.
According to NEAR Protocol’s official website, many of the developers hold prizes and nominations from competitions in coding and related fields, notably the International Collegiate Programming Contest (ICPC).
Skidanov himself worked at both MemSQL and Microsoft, while Polosukhin contributed to end-to-end open source machine learning platform TensorFlow and Google Search.
NEAR is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available.
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|NEAR Protocol Price||$2.24|
|24h Low / 24h High|
|Fully Diluted Market Cap||$2,243,043,252.96|
|Yesterday's Low / High|
|Yesterday's Open / Close|
|7d Low / 7d High|
|30d Low / 30d High|
|90d Low / 90d High|
|52 Week Low / 52 Week High|
All Time High
Jan 17, 2021 (4 days ago)
All Time Low
Nov 04, 2020 (3 months ago)
|NEAR Protocol ROI|
|Circulating Supply||260,669,229 NEAR|
|Total Supply||1,000,000,000 NEAR|
|Max Supply||1,000,000,000 NEAR|