NEAR token
Overview
NEAR is the native utility token of the NEAR Protocol, a layer-1 blockchain designed for usability and scalability. It is used to pay transaction fees, stake for network security and governance participation.
Within the DeFi Intel graph, NEAR connects to 2 tracked entities, most strongly to Near Protocol, Near AI Assistant.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issues | Near Protocol | 95% |
uses-token | Near AI Assistant | 85% |
Frequently asked questions
What is NEAR?
NEAR is the native cryptocurrency of the NEAR Protocol blockchain, used for transactions, staking, and governance.
How is NEAR used?
NEAR is used to pay for transaction fees and computational storage on the network, and holders can stake tokens to help secure the network.
What makes NEAR different?
NEAR employs a sharding technique called Nightshade to achieve scalability, and supports human-readable account names and a fee abstraction layer for user experience.
What is NEAR connected to?
In the DeFi Intel knowledge graph, NEAR is linked to 2 other tracked entities, most strongly to Near Protocol, Near AI Assistant.
Live news feed, full graph, and search.