Orderly Network's total transaction volume exceeds $62 billion
The total transaction volume of the NEAR ecosystem trading protocol Orderly Network has exceeded 62 billion US dollars, currently reaching 62.0704 billion US dollars. The current TVL of the protocol is 34.39 million US dollars, and the protocol's cumulative net fee income is 6.635 million US dollars.
NEAR Chain Native USDC Issuance Exceeds 200 Million USD
On May 26th, according to official sources, the USDC issued by NEAR Protocol has exceeded $200 million.
NEAR to Hire AI Engineers as Part of Roadmap
NEAR will hire artificial intelligence (AI) engineers as part of its AI roadmap, and NEAR will begin its AI plan in the next 3-6 months.
NEAR Foundation launches Infrastructure Committee to allocate $4 million to support infrastructure projects
NEAR Foundation launched the Infrastructure Committee, a new initiative aimed at strengthening NEAR's critical infrastructure. The program allocates $4 million to support infrastructure projects, with the goal of supporting the success of NEAR's ecosystem projects in an open and transparent manner, and allocating funds and finding projects. It is reported that critical infrastructure includes RPC nodes, relays, indexers, bridging, wallets, load balancers, and oracles. In addition, NEAR should be correctly listed on all available DEX tools; it needs to be able to easily report and fix incidents and interruptions. The committee is composed of ecological leaders and partners from the core NEAR organization. Its goal is to decentralize decision-making, enhance critical infrastructure, simplify work to improve clarity and decentralization.
Near co-founder: Chain abstraction is key to cryptocurrency becoming mainstream
Illia Polosukhin, co-founder of Near, stated in an interview with "Block" magazine at the BUIDL Asia Conference in Seoul, South Korea that chain abstraction can promote the next transformation of the cryptocurrency field and Web3, which is necessary for mainstream applications. Chain abstraction refers to application developers fragmenting the complex technical layer of Web3 to improve the end-user experience. This concept abstracts blockchain from the user experience. For example, in blockchain networks like Near, users create and recover accounts using their email address instead of writing down complex seed phrases.
Upbit: Due to Near network upgrade, NEAR deposits and withdrawals are suspended.
Upbit announced that due to the upgrade of the Near network, NEAR deposits and withdrawals will be suspended at 18:00 on March 20th (Korean time). Once the Near network upgrade is completed and confirmed to be stable, the deposit and withdrawal services will be resumed as soon as possible.
NEAR briefly broke through $6.25, with an intraday increase of 16.6%
The market shows that NEAR has broken through $6.25 in a short period of time and is now trading at $6.24, with a daily increase of 16.6%, reaching a new high since May 31, 2022. The market is volatile, so please be prepared for risk control.
Deposits and withdrawals of its tokens will be suspended on March 11 due to NEAR network upgrade
Due to the upgrade of the NEAR network, Upbit will temporarily suspend NEAR deposits and withdrawals at 18:00 on March 11th, Korean time. Once the network stability is confirmed, Upbit will resume NEAR deposit and withdrawal services.
Near DA and Super Fast Finality Layer – Near’s push into the modular blockchain space
Modular blockchains are currently a leading narrative in the web3 space, with numerous high-profile launches, announcements, and airdrops taking place. This modular future is not solely embraced by new projects though; Near Protocol has embarked on its own journey in the modular blockchain space, aiming to be more than just another alternative L1.
The NEAR Foundation cooperates with D3 to apply for the ".near" top-level domain name
NEAR Foundation and D3 are partnering to apply for the ".near" top-level domain (TLD) to integrate D3's digital identity into the NEAR ecosystem. This move aims to expand the functionality of NEAR accounts, allowing users to use a single domain name for websites, email, or wallet addresses, and provide verification credentials. The partnership aims to promote mainstream adoption of open networks, emphasizing the importance of interoperability.
State of NEAR Q4 2023
NEAR Protocol (NEAR) is the Blockchain Operating System (BOS), a fully crypto-native stack that unifies the Web3 space into a single interface and a common layer for building, browsing, and discovering experiences on any blockchain. It provides users the opportunity to connect with various communities and applications while maintaining their data's privacy, all without the requirement of owning crypto. The BOS provides a cohesive platform addressing Web3 complexities and Web2 centralization limitations.
NEAR Snap allows MetaMask users to create NEAR accounts and sign transactions directly
According to official sources, NEAR is now compatible with the Web3 wallet MetaMask. Thanks to NEAR Snap, MetaMask users will be able to create NEAR accounts within the MetaMask wallet, sign NEAR protocol transactions directly, and use many other features.
NEAR Foundation will reduce its team by approximately 40%, but its financial position remains strong
The financial situation of the NEAR Foundation remains strong and well-managed, with over $285 million in legal currency, $305 million in NEAR (worth over $900 million), and $70 million in investments and loans. In addition, the NEAR Foundation will reduce about 40% of its team, affecting 35 colleagues, mainly in marketing, business development, and community teams. The NEAR Protocol engineering team at Pagoda will continue to operate as usual.
NEAR will launch sharding phase 2 in 2024, introducing stateless verification
NEAR Chinese official account announced that the team will launch the second phase of sharding in 2024, introducing stateless validation and extending the original Nightshade design to avoid fraud proof.
NEAR rose above $3.4, rising more than 20% in 24 hours
NEAR has risen above $3.4 and is currently priced at $3.429, with a 24-hour increase of 20.23%.
NEAR Work Group votes to pass NEP-491 and NEP-508
On December 16th, NEAR DevHub announced on social media that NEAR Work Group has voted to approve NEP-491 and NEP-508. NEP-491 introduces non-refundable storage space, which aims to allow enterprises to create user accounts with persistent states without worrying about refund abuse. NEP-508 proposes a new sharding method (v2) to expand NEP-40 by addressing sharding overload and optimizing network performance.
NEAR briefly broke through $2.5, with a 24-hour increase of 10.97%
According to OKX market data on December 9th, NEAR broke through $2.5 in the short term and is now priced at $2.47, with a 24-hour increase of 10.97%.
Affected by NEAT’s inscription, NEAR’s handling fees increased by 1,300% month-on-month in the past 24 hours
According to on-chain data, the total transaction fees for NEAR in the past 24 hours were 35,335 NEAR, a 1300% increase compared to the previous day, and 7.36 times the highest historical value. At the same time, the number of NEAR transactions has recently skyrocketed, with nearly 10 million transactions (9,957,991) on the NEAR chain on November 29, setting a new daily record (previously the highest value was about 3.5 million transactions).
NEAR Foundation and Eigen Labs have reached a cooperation to jointly develop the Layer2 project EigenLayer
NEAR Foundation announced a partnership with Eigen Labs to achieve faster and cheaper Web3 transactions through EigenLayer for Ethereum rollups. EigenLayer aims to become the world's first "fast finality layer" for Ethereum Layer2, and the team says that transaction times on this network will be shortened to 3-4 seconds, and the cost of transactions conducted on it will be 4,000 times cheaper than current costs.
NEAR and Polygon to Create Zero-Knowledge Prover for WASM-Based Blockchains
NEAR and Polygon networks have announced a collaboration to create a zero-knowledge (ZK) prover for Web Assembly (WASM) blockchains. The new prover, called "zkWASM," will enable WASM-based networks to join the Polygon ecosystem for the first time, providing greater security, scalability, developer flexibility, and interoperability in the open web. The zkWASM prover is currently in active development and will be integrated into Polygon's chain development kit (CDK) once completed, allowing developers to create WASM networks and integrate them into the broader Polygon ecosystem. The collaboration will also improve validator efficiency on the NEAR network, resulting in better scalability and increased decentralization.
