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NEAR Token statistics
Ranking
#36
Market cap
2,329,831,134.66 EUR
24h volume
84,895,430.88 EUR
Circulating supply
1,227,120,479.00 EUR
About NEAR Protocol (NEAR)
NEAR Protocol is a next-generation, layer-1 blockchain designed for high performance, scalability, and ease of use. Launched in 2020 by the NEAR Collective, it aims to overcome common challenges faced by older blockchain networks, such as limited throughput, high transaction fees, and complicated developer experiences. NEAR Protocol uses a unique consensus mechanism called "Nightshade," a type of sharding technology that enhances scalability by processing transactions in parallel across multiple shards. This approach enables the network to handle thousands of transactions per second while maintaining low costs and energy efficiency.
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