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NEAR Protocol Price (NEAR)

Rank #30 by market cap
€2.39
24H Change +3.51%
7D Change +13.94%
Market Cap $3.09B
24H Volume $1.20B
24H High €2.64
24H Low €2.29

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About NEAR Protocol

A developer-friendly layer-1 blockchain with sharding for high throughput.

NEAR Protocol is a layer-1 blockchain launched in 2020 by Alex Skidanov and Illia Polosukhin. NEAR uses a sharding architecture called Nightshade to achieve horizontal scalability — as usage grows, the network can add shards to handle more transactions. NEAR's account model is human-readable (e.g., "alice.near") and its storage-staking mechanism makes building on-chain applications more intuitive.

NEAR hosts DeFi applications (Ref Finance, Burrow), NFT platforms, and an AI-focused developer community. The NEAR Foundation has invested heavily in making NEAR a platform for AI and decentralized applications. NEAR tokens are used for transaction fees, staking, and governance. Wallet addresses tied to human names improve usability for non-technical users.

Key facts

Category Smart Contract Platform
Launched 2020
Consensus Proof of Stake with Nightshade sharding
Supply 1 billion NEAR at genesis; inflationary at ~5% annually for staking rewards.
Founder Alex Skidanov, Illia Polosukhin
Official site https://near.org

Frequently asked questions about NEAR Protocol