what's near?
near protocol is a layer 1 blockchain protocol positioned as an ai-focused platform with a robust defi ecosystem. the protocol has a market cap of $3.43b with 1.2b tokens in supply, which has grown from 2.1b in 2022 to nearly 2.5b in 2025. near features a comprehensive ecosystem including defi protocols like rhea finance (offering high apy staking and liquidity provision), fractionai (prediction markets), and various other projects like veaxlabs and defishards. the platform supports yield farming, staking, lending, and cross-chain functionality. recent developments include high-yield opportunities through ecosystem partners, with some apy rates exceeding 70%, and growing daily dex volumes. the protocol emphasizes user experience, interoperability, and real-world utility execution, positioning itself as a foundation for decentralized finance and ai applications.
NEAR enables frxUSD crosschain conversions via Intents, with 2.5% inflation and 45.5% staked.
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ethereum
Integrated with StableFlow to enable frxUSD crosschain stablecoin conversions across 25+ chains using the NEAR Intents solver network.
Issues approximately 32 million tokens per year at a 2.5% inflation rate, a 50% reduction following updates in 2025.
45.5% of tokens are staked.
Kraken offers staking for NEAR with up to 5% APY for bonded staking and up to 2.5% APY for Auto Earn.
Featured in a prominent list of DeFi innovations under the "Intents" category alongside CoWSwap.
Has 131.6 million onchain holders.
Averaged 2.5 million daily active users in Q1 2026, ranking third among L1s behind BNB Chain and Tron, ahead of Solana and Sei.
Named as one of the top cycle picks alongside HYPE and TAO by @Route2FI in a high-engagement post during the week of April 7, 2026.
Grayscale reduced NEAR's allocation in its AI crypto portfolio from 26.54% to 24.43% during a rebalancing.
Partners with Abound, backed by Times of India Group, to deploy IronClaw AI agents for cross-border remittances targeting 800,000 NRIs.
InstaSwap integrated NEAR Intents for seamless, walletless swap execution.
Launched Confidential Mode for cross-chain swaps on NEAR Intents and Nightshade 3.0's confidential shard. Enables untraceable transaction details, without exposing trade size, strategy, or counterparties, and supports selective disclosure for compliance.
Public revenue dashboard launched
Rabby Wallet integrated NEAR Intents for cross-chain swaps across Ethereum and EVM chains.
Relayed 966 million requests on NEAR in the last 30 days via Lava Network's independent RPC providers.
Integrated TRON network via Rhea Finance, a cross-chain DEX and lending protocol on NEAR's intent-based architecture, enabling chain abstracted liquidity for TRON users to trade, lend, and borrow across multiple chains.
Operates chain abstraction infrastructure across 35+ blockchains, integrating with Bungee Exchange for cross-chain swaps via NEAR Intents and supporting 200+ integrators.
Launched IronClaw documentation and hosting option on agent.near.ai for confidential, secure AI agents.
Upgraded near.com user interface, adding dark mode feature.
NEAR Intents processes $50 million in daily cross-chain volume and $2.1B in monthly volume.
Generated over $1M revenue YTD 2026, including $0.15M in Q1, representing over 60% of the $2.5M all-time total.
Approximately 78% of NEAR's volume consists of stablecoins (USDT/USDC), according to Dune Analytics data.
Venice AI integrated NEAR AI for verifiably private inference, enabling secure enclaves sealed from cloud provider, OS, and infrastructure layer, leveraging cryptographic proof of privacy and Phala Network.
Bitwise filed for a NEAR ETF, under SEC review, awaiting approval in 2026.
Launched NEAR Legion program funding 10 validator nodes across 10 cities using staking rewards to support local events, builders, and community growth.
Joined NVIDIA Inception Program, gaining GPU resources, technical expertise, and venture capital access; launched a confidential GPU marketplace; Co-Founder Illia Polosukhin presents on the NEAR Agent Market at NVIDIA GTC on March 18, 2026.
Identified as a top gainer in daily crypto market performance on March 17th, 2026.
Integrated with RHEA Finance to connect Solana liquidity to NEAR Intents whitelisted assets for cross-chain trading.
Ranked in a top 10 list of AI crypto projects by social activity, with 1,000+ posts per day on social media.
Co-Founder Illia Polosukhin participates in a fireside chat at Frontier Tower on 2026-03-15 at 5:30 PM PST, focused on AI.
Nansen and SVRN published institutional reports detailing structural advantages, NEAR Intents fee mechanics, institutional exposure pathways. Gas fees split 70/30, with 70% burned.
Hosts a workshop on running nodes and contributing to the network, scheduled for 2026-03-16, in collaboration with Meta Pool.
Backed VDEX, a derivatives exchange, alongside Avalanche and Binance.
Expanded support for Dash Chain on NEAR Intents.
Ranked 3rd among crypto AI projects and 10th overall by development activity over past 30 days.
Featured in podcast episode discussion about private execution being potentially positive for the project.
Grew daily fee generation from $1 one year ago to $80,000, projecting $50-60M annualized revenue based on recent 90-day run rate.
Hosting an AI-focused meetup for builders, founders, and funders at The Nest venue on 2026-03-18 in Lisbon, covering themes including OpenClaw, agents, and revenue-generating AI use cases.
Launched IronClaw confidential computing modules this week (week of 2026-03-31) for privacy-first AI workloads, ensuring keys never touch LLMs and no single party decrypts user data.
Goes live with Protocol Labs in a collaboration.
Brave's Leo Nightly integrated GLM-5 inside NEAR AI TEEs (Trusted Execution Environments).
Reached all-time highs for unique users, ranking second with 2,207,213 daily active addresses in a total L1 landscape of 18 million.
Backed IDOS, a portable KYC infrastructure project, alongside Fabric VC, Arbitrum, Circle, Ripple, and Starknet.
Integrated into idOS network alongside Fractal ID and Kwil to enable interoperable cross-chain identity infrastructure.
Brave Wallet integrated NEAR Intents, bringing cross-chain functionality to 110M+ monthly active users. Testing for Swaps begins.
Co-Founder Illia Polosukhin hosts Reddit AMA on r/machinelearning on 2026-03-05 from 9:30am-12:00pm PST to discuss IronClaw.
Integrated with Ledger and SwapKit to provide ledger-level security for NEAR Intents, enabling cross-chain functionality.
Gained 12% on March 3, 2026.
Launches AI-Intents framework for autonomous agent commerce, establishing AI agent infrastructure.
Achieved trading volume of $581M, which is 157% above the daily average.
Launched NEAR Intents Widget, enabling acceptance of 120+ assets across chains without bridging and eliminating wrong chain errors.
Launched NEAR FM, an AI music station where autonomous AI agents create and upload tracks, receive tips in NEAR tokens, and gain reputation through upvotes.
Ranked in top 10 by trading volume on Upbit exchange, moving from position #36.
Generated $500M average weekly trading volume in Q1 2026, up 20x from $50M in early 2025, and reached $15B all-time volume with 20M swaps.
Generated approximately $950K in weekly fees through NEAR Intents.
Partners with Brave browser for Solana settlement integration
Used as a bridge for a wallet transferring 9,180 ETH ($18.6M) to swap for PAXG over a 4-day period ending on February 28, 2026, as tracked by onchain analysts.
Grayscale finalized S-1 filing for Spot NEAR ETF
Partnered with Bermuda government to deploy an AI government chatbot using NEAR's privacy tools to help citizens calculate their pensions.
Activated fee switch; generated $34M annualized revenue (96% from Near Intents) as of February 2026, nearly offsetting $35M validator emissions.
Co-hosted Open Source AI Summit at The House SF on February 25-26, 2026, with Illia Polosukhin presenting IronClaw and Pierre Le Guen presenting "Beyond Mac Mini: Scaling Verifiable AI Agents with TEEs", discussing AI agents, verifiable AI, and agentic finance.
Hosted NEARCON 2026 conference in San Francisco, featuring 30+ speakers over 2 days focused on AI and crypto, with a heavy "agents + crypto" theme.
Launched Confidential Intents for private cross-chain transactions (150 assets, 30+ chains), encrypting transactions so validators confirm validity without seeing amounts or routing; SuperApp for multi-network swaps, yield, and confidential transactions (35+ networks); and NEAR20, a yield-bearing token via Marg Finance.
Launched public revenue dashboard with Dune Analytics at revenue.near.org, tracking protocol fees, product revenue, fee wallet breakdowns, and real-time onchain NEAR emissions offsets.
Hosted Day 2 of NEARCON conference on February 24, 2026.
SVRN, a publicly traded NASDAQ company, holds NEAR tokens in its treasury and aims to accumulate toward 10% of NEAR's total supply through an active accumulation strategy.
Bitwise Asset Management acquired Chorus One, a staking provider handling $2.2 billion in staked assets across networks including NEAR.
Launched AI Confidential GPU Marketplace on February 23rd, 2026, providing hardware-enforced privacy for AI inference. Features TEE and E2EE modes with secure hardware enclaves, leveraging NVIDIA Confidential Computing, and partnered with Brave.
Launched Nightshade 3.0 on February 23rd, 2026, with faster finality and private execution layer, and achieved 1M TPS benchmark in Q4 2025.
Reached fully unlocked token supply with no remaining vesting, locks, VC, or team allocations.
Halved inflation rate as part of updated tokenomics, moving toward a deflationary model.
Launched onchain governance with Intents fee switch on February 23rd, 2026, enabling automatic revenue-sharing with NEAR buybacks. Halved inflation in Q4 2025, halted on February 23rd, 2026.
Directed $1 million in NEAR buybacks through governance-based structure.
Reached $20 billion in total volume, with $13 billion in cross-chain volume, 42% month-over-month growth and $25 million in fees generated.
Ranks 3rd in Santiment's AI & Big Data development based on GitHub commits and contributor count.
Featured in a presentation comparing sharding approaches at ETHDenver main stage on 2026-02-19 at 4:10pm.
Launched a competition on Agent Market with a 1000 NEAR prize pool for fraud detection agents.
IronClaw agent framework is used by the creator of the largest privacy coin.
Pudgy Penguins launched $PENGU on NEAR Intents for cross-chain trading.
Co-Founder Illia Polosukhin is scheduled to speak at TOKEN2049 Dubai on April 29-30, 2026.
Highlights fresh job listings on agentic task markets, including a Polymarket Prediction Market strategy engine position.
CEO Alex Aurora presents a fireside chat on "State of Intents" at Intents Day during ETHDenver on 2026-02-18.
Achieved a maximum throughput of 4,135 transactions per second measured over 100 blocks, ranking 9th among major blockchain networks.
RHEA, a chain abstracted liquidity solution powered by NEAR Intents, went live on Binance US.
Received over 1.06 billion RPC relays through Lava Network providers in the last 30 days.
Co-Founder Illia Polosukhin is speaking at NVIDIA GTC conference, presenting on agentic markets and autonomous AI agents.
Generated $12M in revenue during January 2026.
Launched OpenClaw in Trusted Execution Environments (TEEs) through NEAR AI for AI agents.
Launched Near Playground, a zero-setup development environment for NEAR development.
Launched IronClaw v0.5.0 on February 23rd, 2026, a Rust-based local AI CRM agent for Mac with multi-provider LLM support, libSQL/Turso, secure skills, lifecycle hooks, shell injection detection, benchmarking, and an OpenAI-compatible HTTP API, running inside encrypted enclaves with hardware-enforced onchain security for credential management and encrypted transactions. Co-founder Illia Polosukhin leads IronClaw, an open-source secure runtime for AI agents, featured in Forbes coverage at NEARCON 2026 with TEE security.
Scheduled community 'Claw' showcase in San Francisco on February 11th, 2026.
Lane Rettig departed from NEAR Foundation and NEAR Governance House of Stake after 14 months, with his final week occurring in early February 2026.
Experienced -50%+ price crash during February 2026 market downturn, among ETH Layer 2s and "ETH killers" most severely impacted.
Launched AI Agent Market on February 5th, 2026, with 100 agents, powered by NEAR token and NEAR Intents. Supports agent-to-agent payments through PingPay.
Integrated with Nansen analytics platform, enabling Profiler, Token God Mode, Wallet Profiler for Tokens, Profiler + Token God Mode API, and Nansen Agent features for NEAR tokens and wallets.
Captured $4.8 million in fees over the last 30 days, representing a 17.6% month-over-month increase.
Hosts Wave 3 of NEAR Legion community events in Chicago, Jakarta, Uyo, and Lampung on January 25-26, 2026, featuring technical breakdowns and discussions led by ecosystem participants.
Second veNEAR rewards campaign claim round is open with 10,041 NEAR rewards available to claim and 3,787,284 NEAR currently locked, with the next reward round starting on January 30, 2026.
Participating in a panel discussion titled "Privacy is the Priority" at Intents Day online event on January 22, 2026 at 1:30-2:30 PM EST, featuring NEAR's ilblackdragon alongside representatives from Helius, Dash, and Starknet.
Achieved $129.3 million in 24-hour trading volume.