Near Protocol (NEAR) Metrics
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Near Protocol (NEAR)
What is Near Protocol?
Near Protocol is a blockchain project that operates as a cryptocurrency, specifically the Near Protocol token (NEAR). It is designed to facilitate the development of decentralized applications (dApps) and smart contracts, providing a user-friendly platform for developers and users alike. The Near Protocol aims to enhance scalability and usability through its unique consensus mechanism, known as Nightshade, which allows for high transaction throughput and low fees. As a blockchain-based asset, NEAR is used for governance, staking, and paying transaction fees within the Near ecosystem.
When and how did Near Protocol start?
Near Protocol was launched in 2020 and was founded by Alex Skidanov and Illia Polosukhin, who aimed to create a scalable and developer-friendly blockchain platform. The project gained significant attention after securing $21.6 million in a funding round led by prominent investors, including a16z and Pantera Capital. Near Protocol was initially listed on major exchanges, which helped to establish its presence in the competitive blockchain landscape and fostered early adoption among developers and users.
What’s coming up for Near Protocol?
Near Protocol is set to enhance its ecosystem with the upcoming release of its roadmap update, which focuses on scaling solutions and interoperability. The next upgrade will introduce sharding capabilities, aimed at improving transaction speeds and reducing costs, thus making it more efficient for developers and users alike. Additionally, the community plans to expand its decentralized finance (DeFi) offerings and increase support for non-fungible tokens (NFTs), fostering a vibrant marketplace. With these developments, Near Protocol aims to solidify its position as a leading platform for decentralized applications and drive broader adoption in the blockchain space.
What makes Near Protocol stand out?
Near Protocol (NEAR) stands out due to its unique sharding technology, which enables high throughput and scalability, allowing it to process thousands of transactions per second compared to many other cryptocurrencies. Its consensus mechanism, called Doomslug, provides fast finality and enhances user experience, making it ideal for real-world use cases like decentralized applications (dApps) and NFTs. Additionally, NEAR's developer-friendly ecosystem, with features like easy onboarding and low transaction fees, differentiates it from other blockchain platforms.
What can you do with Near Protocol?
Near Protocol (NEAR) is primarily used for payments and as a utility token within decentralized applications (dApps). Users can stake NEAR to secure the network and participate in governance decisions. Additionally, it supports DeFi apps and NFTs, enabling a vibrant ecosystem for various digital assets and services.
Is Near Protocol still active or relevant?
Near Protocol (NEAR) is currently active, with ongoing development and a robust community presence. It is still traded on various exchanges, reflecting healthy trading activity. The project continues to innovate, indicating it is not inactive or abandoned.
Who is Near Protocol designed for?
Near Protocol is primarily built for developers and businesses looking to create decentralized applications (dApps) with a focus on scalability and user-friendliness. Its target audience includes those in the DeFi space, as well as gamers and content creators, fostering a vibrant community of innovators and users seeking to leverage blockchain technology for various applications.
How is Near Protocol secured?
Near Protocol secures its network through a unique consensus mechanism known as Proof of Stake (PoS), where validators are responsible for validating transactions and maintaining the blockchain's integrity. This setup enhances network security by requiring validators to stake NEAR tokens, aligning their interests with the network's health and incentivizing honest behavior. Additionally, Near Protocol employs a sharding technique, which optimizes blockchain protection and scalability by distributing the validation workload across multiple shards.
Has Near Protocol faced any controversy or risks?
Near Protocol has faced scrutiny regarding its security, particularly after a notable hack in 2021 that resulted in significant losses for users. Additionally, the platform operates in a highly volatile market, posing inherent risks for investors, alongside ongoing discussions about regulatory challenges that could impact its future. While there have been no major allegations of rug pulls, the evolving nature of the crypto landscape necessitates vigilance against potential legal issues and security incidents.
Near Protocol (NEAR) FAQ – Key Metrics & Market Insights
Where can I buy Near Protocol (NEAR)?
Near Protocol (NEAR) is widely available on centralized cryptocurrency exchanges. The most active platform is Binance Futures, where the NEAR/USDT trading pair recorded a 24-hour volume of over $94 990 488.85. Other exchanges include Deepcoin Derivative and Binance.
What’s the current daily trading volume of Near Protocol?
As of the last 24 hours, Near Protocol's trading volume stands at $180,264,237.62 , showing a 16.37% decline compared to the previous day. This suggests a short-term reduction in trading activity.
What’s Near Protocol’s price range history?
All-Time High (ATH): $20.40
All-Time Low (ATL): $0.920677
Near Protocol is currently trading ~91.16% below its ATH
and has appreciated +89% from its ATL.
What’s Near Protocol’s current market capitalization?
Near Protocol’s market cap is approximately $2 135 390 487.00, ranking it #48 globally by market size. This figure is calculated based on its circulating supply of 1 185 165 436 NEAR tokens.
How is Near Protocol performing compared to the broader crypto market?
Over the past 7 days, Near Protocol has declined by 4.86%, underperforming the overall crypto market which posted a 1.23% decline. This indicates a temporary lag in NEAR's price action relative to the broader market momentum.
Trends Market Overview
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Near Protocol Basics
| Open Source | Yes |
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| Website | nearprotocol.com |
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| Source code | github.com |
|---|---|
| Asset type | Coin |
| Explorers (3) | explorer.nearprotocol.com getblock.io hubble.figment.io |
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| Tags |
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Near Protocol Exchanges
Near Protocol Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to Near Protocol
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 845 137 799 466 | $92 452.11 | $39 415 093 795 | 19,957,769 | |||
| 2 | Ethereum ETH | $382 583 367 265 | $3 176.91 | $22 022 990 872 | 120,426,316 | |||
| 4 | XRP XRP | $126 600 561 279 | $2.10 | $3 033 152 883 | 60,331,635,327 | |||
| 5 | BNB BNB | $125 709 210 864 | $903.18 | $1 283 080 875 | 139,184,442 | |||
| 6 | Solana SOL | $77 983 413 523 | $139.28 | $3 949 393 559 | 559,896,507 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 77 | Quant QNT | $1 166 439 828 | $96.62 | $25 755 390 | 12,072,738 | |||
| 88 | Cosmos ATOM | $907 850 690 | $2.32 | $35 648 971 | 390,934,204 | |||
| 260 | LayerZero ZRO | $154 657 969 | $1.41 | $27 280 889 | 110,000,000 | |||
| 407 | ICON ICX | $72 877 956 | $0.067377 | $1 728 639 | 1,081,649,076 | |||
| 413 | aelf ELF | $71 493 706 | $0.088699 | $1 705 509 | 806,027,480 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 66 | Aptos APT | $1 425 253 084 | $1.94 | $182 605 209 | 735,653,846 | |||
| 125 | Ether.fi ETHFI | $494 455 226 | $0.812632 | $28 631 313 | 608,461,716 | |||
| 169 | Sonic S | $319 105 908 | $0.100506 | $19 865 464 | 3,175,000,000 | |||
| 521 | Spark SPK | $46 238 505 | $0.027199 | $17 480 965 | 1,700,000,000 | |||
| 531 | Yield Basis YB | $45 903 466 | $0.522125 | $11 819 967 | 87,916,667 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 43 | BitTensor TAO | $2 770 113 477 | $288.63 | $169 573 158 | 9,597,491 | |||
| 89 | Render RENDER | $878 153 651 | $1.70 | $21 516 319 | 517,690,747 | |||
| 94 | Story IP | $773 006 026 | $2.33 | $30 087 679 | 331,777,571 | |||
| 104 | Artificial Superintelligence Alliance FET | $649 429 992 | $0.248828 | $61 042 356 | 2,609,959,126 | |||
| 111 | Virtuals Protocol VIRTUAL | $600 944 720 | $0.926534 | $80 291 983 | 648,594,347 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 845 137 799 466 | $92 452.11 | $39 415 093 795 | 19,957,769 | |||
| 2 | Ethereum ETH | $382 583 367 265 | $3 176.91 | $22 022 990 872 | 120,426,316 | |||
| 5 | BNB BNB | $125 709 210 864 | $903.18 | $1 283 080 875 | 139,184,442 | |||
| 6 | Solana SOL | $77 983 413 523 | $139.28 | $3 949 393 559 | 559,896,507 | |||
| 9 | TRON TRX | $24 865 674 269 | $0.287919 | $725 592 928 | 86,363,298,503 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 845 137 799 466 | $92 452.11 | $39 415 093 795 | 19,957,769 | |||
| 2 | Ethereum ETH | $382 583 367 265 | $3 176.91 | $22 022 990 872 | 120,426,316 | |||
| 5 | BNB BNB | $125 709 210 864 | $903.18 | $1 283 080 875 | 139,184,442 | |||
| 6 | Solana SOL | $77 983 413 523 | $139.28 | $3 949 393 559 | 559,896,507 | |||
| 192 | 1INCH 1INCH | $268 147 291 | $0.191284 | $18 541 344 | 1,401,828,943 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 26 | Zcash ZEC | $6 425 119 990 | $393.50 | $1 154 689 444 | 16,328,269 | |||
| 119 | Immutable X IMX | $534 058 558 | $0.302015 | $15 665 593 | 1,768,317,543 | |||
| 204 | Polygon MATIC | $239 790 351 | $0.125296 | $53 525.39 | 1,913,783,718 | |||
| 259 | Horizen ZEN | $156 487 940 | $9.61 | $44 699 239 | 16,276,188 | |||
| 266 | Concordium CCD | $148 851 818 | $0.013537 | $345 851 | 10,995,854,616 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | Solana SOL | $77 983 413 523 | $139.28 | $3 949 393 559 | 559,896,507 | |||
| 9 | TRON TRX | $24 865 674 269 | $0.287919 | $725 592 928 | 86,363,298,503 | |||
| 11 | Cardano ADA | $16 851 370 246 | $0.440331 | $745 525 972 | 38,269,816,573 | |||
| 35 | Toncoin TON | $3 890 048 770 | $1.59 | $66 073 282 | 2,445,791,219 | |||
| 52 | Internet Computer ICP | $1 976 083 796 | $3.65 | $78 653 762 | 541,494,676 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 4 | XRP XRP | $126 600 561 279 | $2.10 | $3 033 152 883 | 60,331,635,327 | |||
| 6 | Solana SOL | $77 983 413 523 | $139.28 | $3 949 393 559 | 559,896,507 | |||
| 7 | USDC USDC | $78 055 204 973 | $1.000153 | $12 256 376 111 | 78,043,264,227 | |||
| 10 | Dogecoin DOGE | $22 023 438 127 | $0.147662 | $1 116 002 501 | 149,147,696,384 | |||
| 11 | Cardano ADA | $16 851 370 246 | $0.440331 | $745 525 972 | 38,269,816,573 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 11 | Cardano ADA | $16 851 370 246 | $0.440331 | $745 525 972 | 38,269,816,573 | |||
| 28 | Sui SUI | $6 178 652 332 | $1.65 | $653 250 160 | 3,736,866,361 | |||
| 29 | Avalanche AVAX | $6 117 038 010 | $14.49 | $355 818 011 | 422,275,285 | |||
| 41 | Aave AAVE | $2 899 039 977 | $192.33 | $204 198 844 | 15,073,211 | |||
| 47 | Ethereum Classic ETC | $2 140 641 316 | $13.85 | $112 979 852 | 154,590,944 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $382 583 367 265 | $3 176.91 | $22 022 990 872 | 120,426,316 | |||
| 5 | BNB BNB | $125 709 210 864 | $903.18 | $1 283 080 875 | 139,184,442 | |||
| 6 | Solana SOL | $77 983 413 523 | $139.28 | $3 949 393 559 | 559,896,507 | |||
| 9 | TRON TRX | $24 865 674 269 | $0.287919 | $725 592 928 | 86,363,298,503 | |||
| 11 | Cardano ADA | $16 851 370 246 | $0.440331 | $745 525 972 | 38,269,816,573 |
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $382 583 367 265 | $3 176.91 | $22 022 990 872 | 120,426,316 | |||
| 6 | Solana SOL | $77 983 413 523 | $139.28 | $3 949 393 559 | 559,896,507 | |||
| 11 | Cardano ADA | $16 851 370 246 | $0.440331 | $745 525 972 | 38,269,816,573 | |||
| 28 | Sui SUI | $6 178 652 332 | $1.65 | $653 250 160 | 3,736,866,361 | |||
| 29 | Avalanche AVAX | $6 117 038 010 | $14.49 | $355 818 011 | 422,275,285 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
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