NEAR Protocol
ATH / ATL
24h Price
24h summary
Over the last 24 hours, NEAR Protocol moved from $1.74 to $1.64. The session high was $1.75, the low was $1.63, and the intraday range was $0.121 / 7%.
- 24h open
- $1.74
- 24h close
- $1.64
- 24h high
- $1.75
- 24h low
- $1.63
- Volatility / range
- $0.121 / 7%
- Updated
Monthly Returns heatmap
Heatmap summary
NEAR Protocol posted 27 positive months out of 70. The longest positive streak lasted 5 months, while the longest negative streak lasted 8 months.
- Strongest month
- Aug 2021 +119.7%
- Weakest month
- Oct 2020 -50.9%
- Longest positive streak
- 5 Nov 2020 — Mar 2021
- Longest negative streak
- 8 Feb 2023 — Sep 2023
- Luckiest calendar month
- Mar • avg 25.6% • 6 mo.
- Unluckiest calendar month
- Jun • avg -25.8% • 6 mo.
Networks
Supported exchanges
About the coin
NEAR Protocol is a decentralized application (dApp) platform designed for usability and scalability. It aims to make it easier for developers to build and deploy dApps while providing a smooth experience for end-users.
The platform utilizes a unique sharding design called Nightshade, which allows it to process transactions in parallel. This approach is intended to overcome the scalability limitations faced by many other blockchain networks, enabling higher transaction throughput and lower latency.
NEAR Protocol employs a consensus mechanism known as Doomslug, a variation of Proof-of-Stake (PoS). This mechanism is designed to be efficient and secure, contributing to the overall performance of the network.
One of the key features of NEAR Protocol is its focus on developer experience. It offers tools and a programming model that are familiar to web developers, such as JavaScript support, aiming to lower the barrier to entry for building on the blockchain.
For users, NEAR Protocol aims to provide a more intuitive experience compared to many existing blockchain platforms. This includes features like human-readable account names, abstracting away complex wallet addresses, and simplifying transaction processes.
The native token of the NEAR Protocol is NEAR. It serves multiple functions within the ecosystem, including paying for transaction fees and computational resources on the network, as well as staking to secure the network and earn rewards.
NEAR Protocol's architecture is built around a concept called "sharding." Sharding divides the network into smaller pieces, called shards, which can process transactions and smart contracts independently. This parallel processing is a core component of its scalability strategy.
The platform supports smart contracts written in various programming languages, with a primary focus on Rust and AssemblyScript. This flexibility allows developers to choose the language that best suits their project needs.
NEAR Protocol has a growing ecosystem of decentralized applications, ranging from DeFi (Decentralized Finance) solutions to NFTs (Non-Fungible Tokens) and gaming. The platform's scalability and usability are intended to attract a wider range of applications and users.
The network's governance model allows NEAR token holders to participate in decision-making processes regarding the future development and upgrades of the protocol. This ensures a decentralized and community-driven approach to protocol evolution.
NEAR Protocol is also accessible on other blockchain networks through token wrapping. For example, a BEP-20 version of the NEAR token exists on the BNB Smart Chain, allowing for interoperability and broader access to the token.
The platform's commitment to usability extends to its developer tools, including SDKs (Software Development Kits) and a command-line interface (CLI) that facilitate the development and deployment of dApps.
In summary, NEAR Protocol strives to be a scalable, user-friendly, and developer-centric blockchain platform. Its innovative sharding technology, efficient consensus mechanism, and focus on simplifying blockchain interactions position it as a notable player in the decentralized application space.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are sourced from Binance using the NEARUSDT market feed.
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