NEAR Protocol
Current price
$4.60
−9.19%24h
LiveUpdated 34s ago
TodayNEAR Protocol drops 9.2%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.50%
- 24 hours−9.19%
- 7 days−10.96%
- 30 days+94.39%
- 1 year+99.35%
NEAR Protocol's move in context
Lagging the market today
−9.19% today against −3.26% for the market as a whole, a gap of 5.9 points. A gap this wide suggests something specific to NEAR Protocol may be moving it, not just the market mood.
Trend has turned
−11.0% over 7 days and +94.4% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About NEAR Protocol
NEAR Protocol: A Developer-Friendly Blockchain for the Open Web
NEAR Protocol is a layer-1 blockchain platform designed to provide a user-friendly and developer-centric environment for building decentralized applications (dApps). Launched in 2020 by the NEAR Foundation, the platform aims to overcome the limitations of traditional blockchains, such as scalability, usability, and accessibility. NEAR Protocol's innovative approach to blockchain technology includes features like sharding, human-readable account names, and developer-friendly tools, making it an attractive choice for both developers and users in the decentralized web ecosystem.
Key Aspects of NEAR Protocol
Scalability through Sharding: NEAR Protocol utilizes a unique sharding mechanism called Nightshade to achieve scalability. Sharding is the process of dividing the blockchain into smaller, parallel chains, or "shards," that can process transactions independently. Nightshade allows NEAR to scale horizontally, meaning that as the network grows, it can add more shards to handle the increased load. This approach ensures that NEAR can support a large number of dApps and users without compromising performance or security.
Developer-Friendly Environment: NEAR Protocol is designed with developers in mind, offering a range of tools and features to simplify the development process. The platform supports multiple programming languages, including Rust and AssemblyScript, allowing developers to build dApps using familiar languages. Additionally, NEAR provides an easy-to-use software development kit (SDK) and integrated development environment (IDE), streamlining the process of creating and deploying smart contracts on the network.
Usability and Accessibility: NEAR Protocol places a strong emphasis on usability and accessibility, making it easier for both developers and users to interact with the blockchain. One of the platform's standout features is its human-readable account names, which replace traditional cryptographic addresses with simple, user-friendly names. This feature reduces the complexity of using blockchain technology, making it more accessible to mainstream users.
Low-Cost Transactions: NEAR Protocol offers low-cost transactions, with fees that are significantly lower than those on many other blockchains. This affordability makes NEAR an attractive option for developers looking to build cost-effective dApps, as well as for users who want to interact with these applications without incurring high fees. The platform's efficient consensus mechanism, known as Doomslug, also contributes to its low-cost structure by ensuring fast and energy-efficient block production.
Interoperability and Cross-Chain Bridges: NEAR Protocol supports interoperability with other blockchains through cross-chain bridges. These bridges allow assets and data to be transferred between NEAR and external networks, such as Ethereum and Polkadot, enabling seamless interaction between different blockchain ecosystems. Interoperability is a key focus for NEAR, as it aims to create a more connected and open web.
Community and Ecosystem Growth: NEAR Protocol has a rapidly growing community of developers, users, and projects. The NEAR ecosystem supports a wide range of use cases, including DeFi, NFTs, gaming, and social applications. The platform's commitment to fostering innovation and collaboration is evident in its various grants and accelerator programs, which support the development of new projects and ideas within the NEAR ecosystem.
NEAR Protocol market
- Position by market cap among the coins we track.
- #22
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $5.85B
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $4.58High $5.15
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $20.44
- Now 22% of itReached 16 Jan 2022 · Needs +345% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 1.27B NEAR
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 1.31B NEAR
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
NEAR Protocol converter
1 NEAR Protocol = $4.60
