NEAR blockchain
Overview
NEAR Protocol is a proof-of-stake Layer 1 blockchain designed for developer usability and scalability. It uses a sharding mechanism called Nightshade to achieve high throughput and low transaction costs. NEAR is primarily used for decentralized applications (dApps), DeFi, and NFT projects.
Within the DeFi Intel graph, NEAR connects to 4 tracked entities, most strongly to Wormhole, Circle, Wormhole Foundation (2023 spinout).
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 4 of 4 total).
| Relation | Connected entity | Confidence |
|---|---|---|
integrates | Wormhole | 90% |
deployed_on | Circle | 85% |
supports_chain | Wormhole Foundation (2023 spinout) | 85% |
supports_chain | Wormhole Connect (v1) | 80% |
More on NEAR
Frequently asked questions
What is NEAR?
NEAR Protocol is a Layer 1 blockchain that uses proof-of-stake consensus and sharding to provide a scalable, secure, and developer-friendly platform for decentralized applications.
How does NEAR's sharding work?
NEAR uses a sharding design called Nightshade, which splits the network into multiple parallel shards that process transactions concurrently, while a beacon chain coordinates cross-shard communication.
What is the role of the NEAR token?
The NEAR token is used for transaction fees, staking to secure the network, and for governance decisions within the protocol.
What is NEAR connected to?
In the DeFi Intel knowledge graph, NEAR is linked to 4 other tracked entities, most strongly to Wormhole, Circle, Wormhole Foundation (2023 spinout).
Live news feed, full graph, and search.