Near Protocol (NEAR) Metrics
Near Protocol Price Chart Live
Price Chart
Near Protocol (NEAR)
What is Near Protocol?
Near Protocol (NEAR) is a layer-1 blockchain platform launched in 2020 by the Near Foundation. It was designed to improve the scalability, usability, and interoperability of decentralized applications (dApps). Near Protocol operates on a unique consensus mechanism known as Nightshade, which is a variant of sharded proof-of-stake. This architecture enables the network to process transactions efficiently and maintain high throughput. The native token, NEAR, serves several critical roles within the ecosystem. It is used to pay for transaction fees and storage, participate in network governance, and is also staked by validators to secure the network. Near Protocol is distinguished by its focus on developer and user-friendly features, such as human-readable account names and a robust set of development tools. This emphasis on accessibility and performance positions Near Protocol as a significant player in the blockchain space, aiming to facilitate the mass adoption of decentralized applications by overcoming common barriers related to speed, cost, and ease of use.
When and how did Near Protocol start?
Near Protocol originated in July 2018 when it was founded by Alexander Skidanov and Illia Polosukhin. The project initially focused on creating a scalable and developer-friendly blockchain. The Near Protocol whitepaper was published in 2019, outlining its vision and technical approach. The project launched its testnet in April 2020, allowing developers and users to explore its capabilities. This was followed by the mainnet launch in October 2020, marking its initial public availability. Near Protocol's early development emphasized scalability and ease of use for developers. The initial distribution of NEAR tokens occurred through a community sale and various funding rounds, which helped establish the foundation for Near Protocol's subsequent growth and ecosystem formation.
What’s coming up for Near Protocol?
According to official updates, Near Protocol is preparing for several upcoming milestones. One of the key initiatives is the integration of sharding improvements aimed at enhancing scalability and network performance, expected to be rolled out in stages over the coming quarters. Additionally, Near Protocol is working on expanding its ecosystem through targeted partnerships and integrations with other blockchain projects, which are expected to be announced in the near future. These efforts are designed to enhance the protocol's functionality and user experience. Governance updates are also on the horizon, with community-driven proposals set to be voted on, aiming to refine network operations and decision-making processes. Progress on these initiatives can be tracked through Near Protocol's official channels and repositories.
What makes Near Protocol stand out?
Near Protocol distinguishes itself through its innovative use of sharding technology, which enhances scalability and ensures high throughput without compromising decentralization. This approach allows Near to process numerous transactions simultaneously, reducing latency and improving overall network efficiency. The protocol employs a unique consensus mechanism called Nightshade, which further optimizes performance by distributing processing across multiple shards. Near Protocol's ecosystem is bolstered by its focus on developer-friendly tools and resources, such as the Near SDKs, which simplify the creation of decentralized applications. This emphasis on accessibility encourages a diverse range of developers to build on the platform. Additionally, Near supports interoperability through its Rainbow Bridge, enabling seamless asset transfers between Ethereum and Near, expanding its utility across different blockchain networks. Governance within Near Protocol is community-driven, allowing stakeholders to participate in decision-making processes, which promotes transparency and inclusivity. The protocol's partnerships and integrations with various projects and platforms further enhance its capabilities, positioning Near Protocol as a versatile and robust player in the blockchain space.
What can you do with Near Protocol?
The NEAR token is used for transaction fees on the Near Protocol, enabling users to send value and interact with decentralized applications (dApps). Holders can stake or delegate their NEAR tokens to help secure the network, potentially earning rewards in the process. NEAR token holders may also participate in governance by voting on proposals that influence the protocol's future developments. Developers leverage Near Protocol to build and deploy dApps using its scalable and developer-friendly infrastructure. The ecosystem supports various applications and integrations, including wallets, bridges, and marketplaces, where NEAR can be utilized for specific functions like payments and accessing services.
Is Near Protocol still active or relevant?
As of the latest information, Near Protocol remains active with ongoing development and community engagement. In recent months, the project has continued to release updates and improvements to its platform, focusing on enhancing scalability and developer accessibility. The protocol maintains a robust presence in the cryptocurrency market, with active trading across major exchanges and a strong community following on social media platforms. Near Protocol's relevance is further supported by its active governance model, where community members participate in decision-making processes. Recent governance proposals and votes indicate a vibrant and engaged community. Additionally, Near Protocol continues to secure strategic partnerships and integrations, which enhance its ecosystem and expand its use cases. These factors collectively underscore Near Protocol's sustained activity and relevance in the blockchain space.
Who is Near Protocol designed for?
Near Protocol is designed for developers, providing them with a scalable and user-friendly platform to build decentralized applications (dApps). It offers tools and resources such as Software Development Kits (SDKs), Application Programming Interfaces (APIs), and comprehensive documentation to facilitate development. The protocol's focus on ease of use and scalability aims to help developers create efficient and robust applications. Secondary participants, including validators and creators, play a crucial role in the ecosystem. Validators engage in securing the network through staking, which helps maintain the integrity and performance of the blockchain. Creators can leverage the platform to develop innovative applications and services, contributing to Near Protocol's growing ecosystem. The protocol's infrastructure is designed to support a wide range of use cases, making it accessible for various participants interested in blockchain technology.
How is Near Protocol secured?
Near Protocol uses a Proof-of-Stake (PoS) consensus mechanism known as Nightshade. Validators in the network are responsible for confirming transactions and maintaining the blockchain's integrity. These validators are required to stake NEAR tokens, which align incentives by providing staking rewards for honest behavior and implementing slashing penalties for malicious actions or security breaches. The protocol employs cryptographic techniques such as Ed25519 for secure authentication and data integrity. This ensures that transactions are validated securely and efficiently. Nightshade enhances scalability by implementing a sharding approach, distributing network load across multiple shards while maintaining a single chain for consensus. Additional security measures include regular audits, a comprehensive bug bounty program, and a robust governance framework that allows for community-driven decision-making. These elements collectively contribute to the resilience and security of the Near Protocol network.
Has Near Protocol faced any controversy or risks?
Near Protocol has faced certain risks and controversies, primarily of a technical nature. In October 2022, Near Protocol experienced a security incident involving a potential vulnerability in its wallet system, which was promptly addressed by the team through a security patch and a coordinated disclosure process. The project has also faced risks associated with the broader blockchain ecosystem, such as market volatility and regulatory scrutiny, which are common across many blockchain projects. To mitigate these risks, Near Protocol has implemented regular security audits, a robust bug bounty program, and maintains transparency with its community through frequent updates and governance proposals. Ongoing risks include technical challenges like scalability and interoperability, which are addressed through continuous development and innovation within the protocol.
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 $63 627 276.29. 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 $143,897,276.27 , showing a 11.02% 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): $0.856576
Near Protocol is currently trading ~93.66% below its ATH
and has appreciated +11% from its ATL.
What's Near Protocol's current market capitalization?
Near Protocol's market cap is approximately $1 529 741 510.00, ranking it #52 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 4.30%, underperforming the overall crypto market which posted a 1.39% gain. This indicates a temporary lag in NEAR's price action relative to the broader market momentum.
Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment.
All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions.
Coinpaprika is not liable for any losses resulting from the use of this information.
Trends Market Overview
#468
176.92%
#1140
92.7%
#527
63.99%
#527
59.74%
#1819
58.24%
#1666
-79.41%
#3615
-27.57%
#1641
-21.66%
#1196
-20.45%
#957
-20.39%
#4
0.88%
#7330
2.16%
News All News

(13 hours ago), 2 min read

(16 hours ago), 2 min read

(1 day ago), 2 min read

(1 day ago), 2 min read

(3 days ago), 2 min read

(4 days ago), 2 min read

(4 days ago), 1 min read

(5 days ago), 2 min read
Education All Education

(15 hours ago), 25 min read

(1 day ago), 22 min read

(5 days ago), 29 min read

(6 days ago), 26 min read

(7 days ago), 21 min read

(8 days ago), 27 min read

(9 days ago), 29 min read

(10 days ago), 23 min read
Near Protocol Basics
| Open Source | Yes |
|---|
| Website | nearprotocol.com |
|---|
| Source code | github.com |
|---|---|
| Asset type | Coin |
| Explorers (3) | explorer.nearprotocol.com getblock.io hubble.figment.io |
|---|
| Tags |
|
|---|
Similar Coins
Internet Computer
$2.68
+13.39%
#53First Digital USD
$0.999315
+0.03%
#54Bitget Token
$2.06
+0.24%
#55Binance-Peg Ethereum Token
$2 356.93
+0.11%
#56Ethereum Classic
$8.99
+3.21%
#57Aave
$93.08
+0.61%
#58Jupiter Perpetuals Liquidity Provider Token
$3.95
+1.17%
#59USDtb
$1.000053
+0.01%
#60Falcon USD
$0.997385
0.00%
#61Popular Coins
Popular Calculators
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 | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 618 484 682 320 | $80 822.07 | $32 688 042 167 | 20,025,281 | |||
| 2 | Ethereum ETH | $283 769 741 419 | $2 356.38 | $12 701 080 914 | 120,426,316 | |||
| 4 | BNB BNB | $87 712 004 748 | $630.19 | $979 880 377 | 139,184,442 | |||
| 5 | XRP XRP | $87 147 859 910 | $1.41 | $1 781 995 588 | 61,796,225,236 | |||
| 7 | Solana SOL | $49 711 939 138 | $86.24 | $2 631 719 229 | 576,460,701 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 82 | Quant QNT | $825 077 353 | $68.34 | $9 074 802 | 12,072,738 | |||
| 87 | Cosmos ATOM | $732 586 668 | $1.87 | $46 898 306 | 390,934,204 | |||
| 210 | LayerZero ZRO | $158 030 092 | $1.44 | $30 583 269 | 110,000,000 | |||
| 357 | Ontology ONT | $65 277 633 | $0.071443 | $10 886 041 | 913,697,857 | |||
| 358 | aelf ELF | $64 952 907 | $0.079250 | $698 132 | 819,593,267 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 100 | Stable STABLE | $592 131 560 | $0.033644 | $10 985 283 | 17,600,000,000 | |||
| 132 | Ether.fi ETHFI | $354 678 389 | $0.424274 | $21 025 168 | 835,965,183 | |||
| 221 | Sonic S | $142 973 302 | $0.045031 | $12 420 116 | 3,175,000,000 | |||
| 376 | Spark SPK | $61 191 425 | $0.035995 | $12 491 701 | 1,700,000,000 | |||
| 888 | Treehouse TREE | $10 948 882 | $0.070130 | $3 320 884 | 156,122,449 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 40 | BitTensor TAO | $2 791 980 905 | $290.91 | $243 629 522 | 9,597,491 | |||
| 74 | Render RENDER | $976 311 344 | $1.89 | $34 740 745 | 517,690,747 | |||
| 102 | Artificial Superintelligence Alliance FET | $558 262 534 | $0.213897 | $69 263 729 | 2,609,959,126 | |||
| 108 | Virtuals Protocol VIRTUAL | $520 534 514 | $0.802558 | $105 722 201 | 648,594,347 | |||
| 170 | The Graph GRT | $244 353 473 | $0.025591 | $12 463 712 | 9,548,531,509 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 618 484 682 320 | $80 822.07 | $32 688 042 167 | 20,025,281 | |||
| 2 | Ethereum ETH | $283 769 741 419 | $2 356.38 | $12 701 080 914 | 120,426,316 | |||
| 4 | BNB BNB | $87 712 004 748 | $630.19 | $979 880 377 | 139,184,442 | |||
| 7 | Solana SOL | $49 711 939 138 | $86.24 | $2 631 719 229 | 576,460,701 | |||
| 8 | TRON TRX | $29 759 153 315 | $0.344581 | $596 727 209 | 86,363,298,503 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 618 484 682 320 | $80 822.07 | $32 688 042 167 | 20,025,281 | |||
| 2 | Ethereum ETH | $283 769 741 419 | $2 356.38 | $12 701 080 914 | 120,426,316 | |||
| 4 | BNB BNB | $87 712 004 748 | $630.19 | $979 880 377 | 139,184,442 | |||
| 7 | Solana SOL | $49 711 939 138 | $86.24 | $2 631 719 229 | 576,460,701 | |||
| 188 | Polygon MATIC | $197 669 121 | $0.103287 | $12 639.20 | 1,913,783,718 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 20 | Zcash ZEC | $8 365 907 241 | $512.36 | $1 280 530 399 | 16,328,269 | |||
| 153 | Immutable X IMX | $301 321 453 | $0.170400 | $7 721 846 | 1,768,317,543 | |||
| 171 | Lighter LIT | $240 309 901 | $0.961240 | $22 425 519 | 250,000,000 | |||
| 188 | Polygon MATIC | $197 669 121 | $0.103287 | $12 639.20 | 1,913,783,718 | |||
| 241 | Horizen ZEN | $121 702 920 | $7.48 | $40 082 864 | 16,276,188 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 7 | Solana SOL | $49 711 939 138 | $86.24 | $2 631 719 229 | 576,460,701 | |||
| 8 | TRON TRX | $29 759 153 315 | $0.344581 | $596 727 209 | 86,363,298,503 | |||
| 15 | Cardano ADA | $10 094 991 275 | $0.261460 | $495 468 833 | 38,610,096,794 | |||
| 27 | Toncoin TON | $5 270 014 470 | $1.97 | $720 674 309 | 2,678,626,777 | |||
| 53 | Internet Computer ICP | $1 477 425 320 | $2.68 | $95 362 003 | 552,070,046 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 5 | XRP XRP | $87 147 859 910 | $1.41 | $1 781 995 588 | 61,796,225,236 | |||
| 6 | USDC USDC | $78 086 855 705 | $0.999975 | $16 355 474 848 | 78,088,797,706 | |||
| 7 | Solana SOL | $49 711 939 138 | $86.24 | $2 631 719 229 | 576,460,701 | |||
| 10 | Dogecoin DOGE | $17 088 625 639 | $0.114575 | $1 592 556 098 | 149,147,696,384 | |||
| 15 | Cardano ADA | $10 094 991 275 | $0.261460 | $495 468 833 | 38,610,096,794 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 15 | Cardano ADA | $10 094 991 275 | $0.261460 | $495 468 833 | 38,610,096,794 | |||
| 33 | Avalanche AVAX | $3 962 531 853 | $9.38 | $228 257 500 | 422,275,285 | |||
| 35 | Sui SUI | $3 866 604 867 | $0.965344 | $269 676 914 | 4,005,418,370 | |||
| 53 | Internet Computer ICP | $1 477 425 320 | $2.68 | $95 362 003 | 552,070,046 | |||
| 57 | Ethereum Classic ETC | $1 407 771 532 | $8.99 | $77 764 779 | 156,559,602 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $283 769 741 419 | $2 356.38 | $12 701 080 914 | 120,426,316 | |||
| 4 | BNB BNB | $87 712 004 748 | $630.19 | $979 880 377 | 139,184,442 | |||
| 7 | Solana SOL | $49 711 939 138 | $86.24 | $2 631 719 229 | 576,460,701 | |||
| 8 | TRON TRX | $29 759 153 315 | $0.344581 | $596 727 209 | 86,363,298,503 | |||
| 15 | Cardano ADA | $10 094 991 275 | $0.261460 | $495 468 833 | 38,610,096,794 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $283 769 741 419 | $2 356.38 | $12 701 080 914 | 120,426,316 | |||
| 7 | Solana SOL | $49 711 939 138 | $86.24 | $2 631 719 229 | 576,460,701 | |||
| 15 | Cardano ADA | $10 094 991 275 | $0.261460 | $495 468 833 | 38,610,096,794 | |||
| 27 | Toncoin TON | $5 270 014 470 | $1.97 | $720 674 309 | 2,678,626,777 | |||
| 33 | Avalanche AVAX | $3 962 531 853 | $9.38 | $228 257 500 | 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.
Near Protocol



