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Near Ecosystem

Ecosystem Coin

NEAR

$ 2.21

10.7%

NEAR is a Layer 1 blockchain built to be simple, secure and scalable. Read more

Market Cap

Projects

Ecosystem Backers

Projects

  • Category

Tether

Tether

USDT is a fiat-collateralized stablecoin pegged to the US Dollar issued by TetherUS.

Near Protocol

Near Protocol

NEAR is a Layer 1 blockchain built to be simple, secure and scalable.

ChainLink

ChainLink

ChainLink is a decentralized oracle network.

The Graph

The Graph

The Graph is a protocol for building decentralized applications quickly on Ethereum and IPFS using GraphQL.

Maker

Maker

MakerDAO is an Ethereum-based protocol that facilitates collateral-backed loans without the need for a middleman.

1inch

1inch

1inch is a DEX aggregator and liquidity protocol on Ethereum Virtual Machine.

Trust Wallet

Trust Wallet

Trust Wallet is a self-custody crypto wallet supporting 10M+ assets across 100+ blockchains.

Ninety Eight

Ninety Eight

Coin98 is a non-custodial crypto wallet service and suite of DeFi products.

Band Protocol

Band Protocol

Band Protocol is a data management protocol.

Aurora

Aurora

Aurora is NEAR-based EVM that leverages NEAR-specific technology and brings Solidity Smart Contracts to NEAR.

SubQuery Network

SubQuery Network

SubQuery is a blockchain developer toolkit.

Stader

Stader

Stader is a multi-chain, non-custodial liquid staking protocol.

Siacoin

Siacoin

Siacoin is a fully decentralized cloud storage.

Orderly Network

Orderly Network

Orderly Network is a permissionless liquidity layer for Web3 trading powered by LayerZero.

Ontology

Ontology

Ontology is a public chain infrastructure and distributed trust collaboration platform.

Sweat Economy

Sweat Economy

SWEAT is a Health & Fitness Wallet App.

OpenOcean

OpenOcean

OpenOcean is a cross-chain DEX aggregator on Ethereum Virtual Machine.

DIA Token

DIA Token

DIA is an open-source, data and oracle platform for the DeFi ecosystem.

Frontier

Frontier

Frontier is a non-custodial wallet to store, stake, swap, bridge.

Sender AI

Sender AI

Sender is a non-custodial wallet tailored for NEAR.

Flamingo

Flamingo

Flamingo is an interoperable, full-stack decentralized finance protocol built on the Neo blockchain

Octopus Network

Octopus Network

Octopus Network is a multi-chain network that provides leased security and interoperability to Substrate appchains.

Ref Finance

Ref Finance

Ref Finance is the gateway into the NEAR ecosystem through its AMM DEX, which provides liquidity and swapping features

Covalent

Covalent

Covalent is a modular data infrastructure layer.

Dune

Dune

Dune is a tool for blockchain research.

OneKey

OneKey

OneKey is a multi-chain non-custodial crypto wallet.

Rubic

Rubic

Rubic is a cross-chain tech aggregator.

Figment

Figment

Figment is a blockchain infrastructure and services providers.

Sky

Sky

Sky is an Ethereum-based lending protocol that allows you to borrow without intermediaries.

Somnium Space Cubes

Somnium Space Cubes

Somnium Space is an open-source VR platform, which allows users to buy digital land, homes, buildings, and myriad in-game assets.

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What is Near Ecosystem?

NEAR Protocol is a decentralized application platform. It was created with the aim of being a community-run cloud computing platform with a focus on developer-usability and user-friendliness. The platform uses a Proof-of-Stake consensus mechanism and sharding technology in an attempt to solve blockchain problems related to scalability. Its native NEAR tokens can be used to pay for transaction fees and storage on the Near platform.

What are NEAR key features and how does it work?

As mentioned, NEAR Protocol attempts to offer a solution to blockchain scalability issues. It does this using a unique solution, that is with the implementation of its sharding mechanism called Nightshade. Sharding works by splitting the network into smaller fragments, or shards. By doing this, the computational load on a node is reduced since a particular node is only required to run the code that is relevant to its shard. As such, shards can conduct computation in parallel with one another. Consensus is achieved via a Proof-of-Stake mechanism. With PoS, nodes must stake their NEAR tokens to be considered to become a validator. Alternatively, regular users can delegate their stake to validators of their choice. NEAR uses an auction system to choose validators every “epoch” (approximately every 12 hours), and validators who have larger stakes have more influence in the consensus process.

The NEAR token’s main function is for paying transaction fees or for being used as collateral when storing data on the blockchain. Various groups of NEAR platform stakeholders are also rewarded with NEAR tokens. For example, validators receive a NEAR token reward every epoch. Additionally, developers that create smart contracts receive a percentage of the transaction fees that their contracts generate. The remaining part of the transaction fee is burned, thus, increasing the scarcity of the NEAR token and helping to retain its value. 

NEAR Protocol is capable of supporting tokens that are “wrapped” from other chains in addition to NFTs. Likewise, NEAR has constructed a bridge with Ethereum, allowing users to transfer ERC-20 tokens from Ethereum to NEAR.

What can Near Protocol be used for?

Near has a number of use cases across a variety of sectors. Some prominent projects already developing on the platform include Flux, which is an open market protocol, Mintbase, a platform for NFT issuing and selling, as well as Paras, a marketplace targeting higher quality NFTs by selected artists.

Where can you buy NEAR?

Near can be bought from any of the CEXs and DEXs as listed here.