NEAR Protocol

NEAR Protocol

NEAR #32
BB 66% L1 Protocol Watch

Project Safety Score: 66%

Updated 9 minutes ago
NEAR ProtocolNEAR
Market Cap$2635131713
24hr Volume$925153285
24hr Change-10.2%
Price$2.04
Coverage: 5 buckets · 100% resolved
Concerns raised - see Red Flags below
Scoring rubric: L1 / Protocol Coin - scored on network security, adoption, dev health, economic design, governance
Track
Record
68 BB
100% · medium
Developer
Health
77 BBB
100% · medium
Network
Security
69 BB
100% · medium
Social
Behavioral
49 CCC
80% · low
Adoption
& Liquidity
67 BB
100% · high

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NEAR NEAR Protocol Details
Type
Layer 1 Blockchain
Launched
2020
HQ
San Francisco, USA
Team
Unknown
Privacy InfrastructureAndreessen Horowitz (a16z) PortfolioAlleged SEC SecuritiesPantera Capital PortfolioAlameda Research PortfolioChain AbstractionCoinbase Ventures PortfolioGMCI 30 Index

NEAR Protocol is a blockchain platform designed to support decentralized applications and intelligent agents. It was founded to address the requirements for both Web2 and Web3 through an architecture that emphasizes user ownership and seamless transactions across different chains.

The protocol incorporates a sharded blockchain design, which aims to enhance scalability and reduce transaction costs. Its governance model and technical specifications focus on creating an efficient environment for the integration of artificial intelligence within decentralized applications. Details about its supply cap and specific governance mechanisms are not provided.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Track record score 68 out of 100. NEAR Protocol has a solid track record, boasting over 6 years of operational history without regulatory actions against it, which contributes positively to its reliability. However, it has experienced one historical incident and research has raised three additional concerns. This mix indicates a generally positive standing but with notable caution.

Economic design score 75 out of 100. The economic design of NEAR Protocol is strong, with all of its total supply currently circulating. However, the absence of a hard supply cap introduces potential inflation risks. This score reflects a balanced assessment of its economic fundamentals, suggesting moderate strengths and weaknesses.

Developer health score 70 out of 100. NEAR Protocol shows a healthy developer ecosystem, with notable GitHub engagement of 2,587 stars and 774 forks, indicating active interest and innovation. The commit cadence is encouraging with 97 commits over the last month, and 212 contributors highlight a robust collaboration. Overall, the developer activity appears promising.

Network security score 67 out of 100. The network security score reflects a moderate level of economic security with a market cap of around $1.9 billion. While the protocol has a respectable age of 6.3 years and only one historical incident, the economic security score could be improved, which may raise some concerns about its resiliency against market fluctuations.

Social behavioral score 49 out of 100. NEAR Protocol's social behavior score is currently lower, primarily influenced by concerns related to scam allegations and historical hacks. Although the project has a quantifiable audience on social platforms, and sentiment appears largely positive, the absence of comprehensive social analytics and various red flags suggest that potential investors should exercise caution.

Adoption and liquidity score 62 out of 100. The adoption and liquidity score reflects moderate engagement with a 24-hour trading volume of approximately $317 million. While NEAR Protocol has secured 65 listings on centralized exchanges with 38 flagged as trustworthy, indicating good accessibility, the overall market dynamics show room for improvement in terms of liquidity and adoption metrics.

Inherently, investing in NEAR Protocol—or any cryptocurrency—carries risks associated with market volatility, regulatory scrutiny, and potential security vulnerabilities. While the project demonstrates several positive attributes, underlying concerns warrant a careful examination before making investment decisions.

  • Illia Polosukhin - Co-Founder LinkedIn ↗
    Prior: Google Research
    Co-authored the seminal 2017 paper 'Attention Is All You Need', introducing the transformer architecture.
  • Alexander Skidanov - Co-Founder LinkedIn ↗
    Prior: MemSQL, Microsoft
    Former director of engineering at MemSQL and software engineer at Microsoft.
View whitepaper ↗ (2020)
Quality: high
Max supply: 1000000000
Next unlock: 2026-04-13
Vesting complete
  • 0.8
    Over $50 million was stolen in a Telegram-based over-the-counter (OTC) crypto scam involving NEAR tokens.
    TronWeekly · source ↗
  • exploit 2022-11-03 · $3000000
    Skyward Finance, an IDO/launchpad built on NEAR blockchain, was exploited for approximately $3 million due to a flaw in the project's treasury redemption contract.
  • Strong liquidity with high trading volume and market capitalization.
  • Reputable team with a solid track record in the tech industry.
  • Active social media presence and community engagement.
  • No hard cap on total token supply
  • Public scam allegations have been raised
  • No hard supply cap, introducing potential inflationary risks.
  • Limited information on audits and developer activity.
  • Team's public profiles lack comprehensive details.

Price Chart - NEAR Protocol

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85%
Profile Status
Data completeness
Some data missing
High confidence

Technical Analysis

Buy / Sell signals

Market Stats

All-Time High$20.44
All-Time Low$0.5268
Circulating1296244799
Total Supply1296244810

Community Sentiment

👍 93% 7% 👎

Recent News

NEAR token jumps 15% amid $19B cross-chain activity and upcoming network upgrade

general 1 source 3 hours, 16 minutes ago

Crypto market’s weekly winners and losers – NEAR, HYPE, CHZ, BCH

general 1 source 1 day ago

NEAR Token Rises 30 Percent After Arthur Hayes Calls It Key Altcoin

general 1 source 1 day, 6 hours ago

NEAR Protocol jumps 50% in a week, leading AI token surge with $1B+ trading volume.

general 1 source 1 day, 16 hours ago

Arthur Hayes Triggered Over 40% NEAR Token Move — What Did He See?

general 1 source 1 day, 20 hours ago

NEAR Protocol jumps 14.08% led crypto gainers amid market volatility

general 1 source 1 day, 21 hours ago

NEAR Protocol surges 21% as AI and interoperability tokens lead crypto gains, edgeX falls 8%.

general 1 source 3 days, 5 hours ago

NEAR Rallies as AI-linked Crypto Narrative Regains Momentum

general 1 source 3 days, 5 hours ago

NEAR protocol leads AI token rally with a 50% pump: Is $5 NEAR price next?

general 2 sources 3 days, 6 hours ago

Near Protocol to automate growth with dynamic resharding upgrade in June, NEAR token surges 27%

general 1 source 3 days, 8 hours ago

Developer Activity

GitHub stars⭐ 2589
Forks777
Watchers77
Commits (4 weeks)114
PRs merged8608
View on GitHub →

NEAR Protocol GitHub