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NEAR Protocol is a layer-1 blockchain designed for speed, scalability, and developer usability. It uses a unique consensus mechanism called Nightshade sharding, which enables parallel processing of transactions across multiple shards — dramatically increasing throughput while keeping costs low. NEAR aims to provide a user-friendly foundation for decentralized applications (dApps), Web3 platforms, and open-source innovation.
One of NEAR’s standout features is its focus on onboarding. With human-readable account names, progressive security, and fast finality, the protocol is built to serve both new users and experienced developers. It supports smart contracts written in familiar languages like Rust and JavaScript, making it easier for teams to launch scalable apps quickly.
The NEAR token is used to pay for network fees, stake and secure the blockchain, and participate in governance. Token holders can vote on protocol upgrades, economic policies, and funding decisions through the NEAR Foundation and related DAOs — shaping the future of the ecosystem.
NEAR is currently priced at $2.89, with a market capitalization of $3,575,466,921.00. The token reached its all-time high of $20.44 on January 16, 2022. There are 1,239,102,968 NEAR tokens in circulation, out of a total supply of 1,262,459,553, and a maximum supply of .
As interest in scalable and accessible blockchain infrastructure increases, NEAR is used by developers building various Web3 applications. Its combination of performance, usability, and decentralization supports use cases across DeFi, NFTs, gaming, and other sectors.
You can buy NEAR Protocol on Nexo with your credit or debit card, as well as other convenient payment methods. Proceed to buy NEAR by visiting the Nexo Exchange.
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