NEAR Protocol price: Issuance cut wins vote, rollout still pending
Published on 11/05/2026 at 13:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNEAR issuance reform awaits implementation
- NEAR's House of Stake approved HSP-029 to lower the maximum annual issuance rate from 2.5% to 1.6% over 24 months.
- The proposal still requires Security Council review, a 90-day grace period and validator adoption through a protocol upgrade.
- Investing.com displayed NEAR at 4.0210 USD, while CoinLore recorded a November 4 daily close of 4.01 USD.
The NEAR Protocol price is in focus after the network's House of Stake approved HSP-029, a proposal to reduce the maximum annual issuance rate from 2.5% to 1.6% over 24 months. The vote was completed on November 2, 2026, but the tokenomics change has not taken effect.
Vote changes the supply outlook
The proposal published on the NEAR Forum sets out a smooth, per-epoch reduction over two years. The existing allocation of newly issued tokens would remain unchanged, with 90% going to staking participants and 10% to the treasury. The proposal estimates that 11.8 million fewer NEAR would be issued during the first two years and 66.1 million fewer over six years.
The governance decision is therefore an approval of a framework rather than an immediate supply reduction. As The Block reported, the Security Council must review the result, a 90-day grace period follows, and validators then need to adopt the required protocol upgrade. Until those steps are completed, the 1.6% ceiling is not binding.
Lower dilution, lower staking yield
For token holders, the intended benefit is a slower increase in supply and potentially less long-term dilution. The proposal's model projects daily issuance falling from approximately 89,500 NEAR to 57,300 NEAR once the target rate is fully reached. The same model projects gross staking yield declining from 5.268% to 3.372%, assuming the staking participation rate remains unchanged. The trade-off is relevant for both stakers and validators because lower issuance reduces the pool of rewards supporting network security.
Price remains below the October peak
The German Investing.com page displayed NEAR at 4.0210 USD at 08:43:49 on November 5, with a 24-hour volume of 820.35 million USD, a market capitalization of 5.27 billion USD and a listed rank of 18. CoinLore's historical record lists a November 4 daily close of 4.01 USD. These figures provide market context, but they do not establish a causal link between the governance vote and the price.
The immediate investor focus is likely to remain on the implementation sequence. A successful validator upgrade would make the lower issuance schedule operational, while the modeled reduction in staking yield could create a competing incentive for participants. The NEAR Protocol price will continue to reflect broader crypto-market conditions as well as expectations for the network's use and token economics.
More coverage is available on the NEAR Protocol topic page.
