{
  "url": "https://blockindex.ai/coin/near",
  "name": "NEAR Protocol",
  "links": {
    "github": "https://github.com/near/nearcore",
    "website": "https://www.near.org/",
    "whitepaper": null
  },
  "dScore": 53,
  "market": {
    "priceUsd": 2.131078710351763,
    "marketCapUsd": 2767424015.225931,
    "volume24hUsd": 405142722.75373554,
    "priceChange7dPct": 4.14009263,
    "priceChange24hPct": -1.57998456
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 1298602441,
    "circulatingPct": null
  },
  "ticker": "NEAR",
  "founder": "Illia Polosukhin, Alexander Skidanov",
  "vcFunded": true,
  "updatedAt": "2026-06-19T06:00:21.419803+00:00",
  "fairLaunch": false,
  "launchYear": 2020,
  "description": "NEAR Protocol is a developer-focused, sharded layer-1 blockchain designed to enable high-throughput, low-friction experiences for both builders and end users. Founded by Illia Polosukhin and Alexander Skidanov in 2018, NEAR launched mainnet on April 22, 2020 with a genesis allocation of 1 billion NEAR. From inception the project emphasized usability and developer ergonomics, prioritizing JavaScript and Rust smart contract support, intuitive onboarding, and mechanisms to reduce typical wallet UX friction. NEAR positions itself as an infrastructure layer for the next generation of decentralized applications with a particular emphasis on AI-native workflows, verifiable compute, and agentic systems that can act on behalf of users.\n\nAt the protocol level NEAR implements Nightshade sharding and a Doomslug variant of Proof-of-Stake to provide fast practical finality and horizontal scalability. Nightshade’s design allows the chain to shard state and process transactions in parallel while maintaining a single logical chain, and Doomslug’s consensus design aims to provide near-instant practical finality (documented practical finality under ~600ms in provided materials). The protocol’s monetary and incentive design was established at genesis and is supported by ongoing epoch issuance: roughly a 5% annual issuance schedule is described in the sources, with 90% of issuance allocated to validators and 10% to the protocol treasury. Transaction fees are partially rebated to contracts (30%) while the remainder is burned (70%), producing a hybrid fee/rebate/burn economic policy.\n\nNEAR’s tokenomics and ecosystem design are oriented around network security, developer incentives and a protocol-level treasury to fund long-term growth. The genesis distribution (as presented in the combined sources) allocated supply to community grants, operation grants, a foundation endowment, early ecosystem contributors, core contributors, backers and community sale buckets; the presence of a Foundation Endowment and “Backers” allocation indicates organized early funding and foundation-level stewardship. NEAR is widely listed and tracked across major on-chain data platforms and centralized exchanges, and ledger integration with staking workflows has been documented, enabling retail participation and validator staking through custody products. Market snapshots in the provided materials show circulating supply and market metrics (circulating supply ~1.28B NEAR; price and cap snapshots included in source excerpts).\n\nGovernance on NEAR is described in the scrubbed sources as token-based and involving on-chain voting mechanisms to allocate resources, though the exact governance procedures and the extent of community control over treasury allocations are not exhaustively specified in the combined summary. The protocol operates with an on-chain orientation for governance votes and a protocol treasury that receives a portion of issuance; the sources reference community grants and operation grants as part of ecosystem funding. Operational and legal details (exact corporate registration, headquarters, or the precise governance mechanics for the foundation and treasury) were not fully enumerated in the provided files, and should be verified in the project’s governance documentation for authoritative answers.\n\nFrom an ecosystem perspective NEAR is positioned as a mature layer-1 with broad exchange availability, multiple developer tooling touchpoints (near.org and docs.near.org), hardware wallet integration (Ledger), block explorers, and bridge/connectivity solutions (multichain references). The project emphasizes developer-first design choices—fast finality, sharding for throughput, JavaScript/Rust toolchains, and primitives such as Intents & Chain Abstraction to streamline cross-chain and wallet-less UX. Notable historical points in the provided materials include the 2018 founding, the 2020 mainnet launch and genesis distribution, and documented market extremes (All-Time Low: $0.526 on 2020-11-04; All-Time High: $20.42 on 2022-01-16). Future-facing messaging centers on enabling AI-native on-chain compute, verifiable compute, and agent infrastructure for autonomous applications.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": false,
    "consensus": "PoS",
    "parentChain": null
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 13,
    "governance": 15,
    "nodeDistribution": 20,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Moderately Decentralized"
}