April 10th, 2025
Near Protocol News
Stay informed with the latest NEAR Protocol news, exploring how the platform encourages increased use of blockchain technology by ensuring high scalability through processing a large volume of blockchain transactions without compromising scalability. NEAR Protocol is also focused on user-friendliness, reducing the barrier of entry to blockchain technology through its economy powered by the NEAR token.
DWF Labs Partners with Near Protocol to Boost AI Development in Web3
Dubai-based market maker DWF Labs announces a strategic partnership with Near Protocol to accelerate AI development in Web3, backed by a $20M investment fund.
AI Coins Stage Massive Rally Gaining Over 130% amid Bitcoin Resurgence
The combined market cap of AI coins and Big Data tokens has soared 130% over the past five months, reaching $42.1 billion, driven by Bitcoin’s climb to a new all-time high.
Bitcoin Spot ETFs Register $1.63 Billion Weekly Inflow amid Renewed Market Interest
The positive sentiment extended to altcoins, with Ethereum reaching $3,100 and Solana crossing $200 for the first time this year
NEAR
$2.01
Market Cap
$2.41 B
24h Volume
$203.35 M
24h Low/High
$2.0 /
$2.1
1h
0.01%
24h
-4.14%
7d
-19.80%
AI Coins See $4.7 Billion Rout since Start of October, More Pain Ahead?
By Bhushan Akolkar
October 3rd, 2024
The broader crypto market saw a sharp downturn in early October, with AI and big data tokens losing $4.7 billion in market cap within three days.
Fantom and Sui Lead Altcoins Surge Following Federal Reserve’s Interest Rate Cut: Is Market Spike Sustainable?
By Temitope Olatunji
September 19th, 2024
The crypto market surged following the Federal Reserve’s interest rate cut, with major cryptocurrencies experiencing rallies. However, the long-term outlook remains uncertain.
AI-Related Crypto Tokens Down as Nvidia Stock Tumbles on Wednesday
By Steve Muchoki
September 4th, 2024
The US semiconductor-related stock prices tumbled in the past 24 hours on reports of regulatory oversight, thus impacting the entire AI-related crypto projects.
AI Tokens Market Cap Surges Nearly 80% to $32B as Investor Sentiment Improves
By Leon Okwatch
August 27th, 2024
The anticipation of Nvidia’s Q2 earnings report on August 28 has further fueled this positive sentiment.
Binance Announces New Spot Trading Pairs Involving DOGE, TON, AAVE, NEAR, MATIC
By Mayowa Adebajo
August 21st, 2024
Binance has revealed plans to launch new spot trading pairs and trading bot services for a select few tokens. The seemingly routine move is an effort on Binance’s part to improve users’ trading experience on its platform.
Aave V3.1 Launches to Enhance Protocol, AAVE Price Gains
By Steve Muchoki
July 31st, 2024
The Aave ecosystem has grown to a mature lending and borrowing platform with over $109M in community treasury and $21B in locked liquidity.
Avail’s Main Network Goes Live Alongside Native Token
By Leon Okwatch
July 23rd, 2024
Avail DA introduces a new data availability layer that combines validity proofs with data availability sampling.
Binance Adjusts Tick Sizes for Key Crypto Pairs amid Market Resurgence
By Mayowa Adebajo
July 15th, 2024
Following the announcement, the affected cryptocurrencies have all shown varying degrees of volatilities.
Frax Finance Expands Multi-Chain Vision with NEAR Protocol Partnership
By Maria Konash
June 26th, 2024
Frax Finance has announced a strategic partnership with NEAR Protocol to advance its multi-chain capabilities and integrate decentralized artificial intelligence (AI) into the crypto ecosystem.
Kraken Asks California Court to Dismiss SEC Case over Legal Jurisdiction and Misinterpretation
By Tolu Ajiboye
May 10th, 2024
Kraken contends the SEC interpretation of the Howey Test and asks the court to dismiss the case against the exchange.
NEAR Protocol’s X Account Hacked, Cryptic Messages Posted
By Temitope Olatunji
May 9th, 2024
Despite the spread of news about NEAR’s X account getting hijacked, the blockchain protocol is yet to confirm or refute the information.
$60 Million Tether (USDT) Already Issued on TON within Three Days after Launch
By Bhushan Akolkar
April 22nd, 2024
Last week at the Token2049 crypto conference in Dubai, Tether unveiled its partnership with the TON Foundation, enabling Tether to mint USDT on the TON blockchain.
NEAR Protocol has made a name for itself in the blockchain technology space by focusing on scalability, one of the most critical issues faced in the industry. An increase in the popularity of blockchain technology and decentralized applications (dApps) has become a problem for many blockchain networks, which are now struggling with network congestion and the corresponding rise in transaction fees. However, NEAR Protocol operates with a unique approach that allows for a highly scalable network that is considered ideal for dApp development and decentralized finance (DeFi) solutions.
NEAR Protocol employs Nightshade, a scaling mechanism that uses sharding technology, breaking the blockchain into smaller pieces called shards. In contrast to conventional blockchain systems that require each node to process every transaction, Nightshade splits transactions among multiple nodes to ensure that the network handles much more data without sacrificing speed. This method ensures that NEAR Protocol can accommodate an exponential pump in simultaneous transactions, which is required as developers create and deploy more dApps and DeFi tools.
The native NEAR $2.01 24h volatility: 4.1% Market cap: $2.41 B Vol. 24h: $203.35 M token has an essential function in the ecosystem as it is used for transaction fees. Its function also extends to network security as validators stake NEAR and receive rewards for their efforts. Its model ensures security and keeps network participants regulated as they risk losing tokens staked if they act maliciously or do not properly validate network transactions.
NEAR Protocol news shows that the ecosystem is also focused on ease of use and usability, taking a different approach to simplifying blockchain technology, which has long been criticized for being a little too complex for the average person. This complexity affects adoption as everyday users may be unwilling to continue using blockchain. NEAR Protocol solves this problem by streamlining its onboarding process and simplifying interaction with the dApps using readable account names instead of overly technical wallet addresses.
Explore the NEAR Protocol (NEAR) guide for more information about the highly-scalable and cost-effective blockchain.
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FAQ on Near Protocol News
What is the NEAR Protocol used for?
NEAR Protocol is a blockchain platform for decentralized applications (dApps) and decentralized finance (DeFi) solutions. Its unique selling points include scalability, simplicity, and cost-efficiency, supporting fast and secure user transactions.
Is NEAR Protocol better than Ethereum?
NEAR Protocol has a few advantages over Ethereum, particularly with scalability and transactions. However, Ethereum is more widely adopted and has a larger community. The better platform depends on individual needs.
What is the NEAR token used for?
The NEAR token is the protocol’s native cryptocurrency, primarily for governance, staking, and transaction fees. While owning NEAR tokens gives users voting power, validators receive rewards for staking.
How does NEAR Protocol achieve scalability?
NEAR Protocol achieves scalability through Nightshade, which splits blockchains into shards to simplify transaction processing. This process lessens the burden on each node so that the protocol can handle more transactions at comfortable costs.