NEAR Protocol price: Issuance vote puts token economics in focus
Published on 10/30/2026 at 07:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSIssuance vote tests NEAR economics
- NEAR Protocol's HSP-029 proposal would reduce maximum annual issuance from 2.5% to 1.6% over 24 months.
- The House of Stake vote is scheduled to close on November 2, but validators would still need to adopt a network upgrade.
- Investing.com listed NEAR at 4.6034 USD when reviewed, while Kinzan recorded a 4.724 USD UTC daily close for October 29.
The NEAR Protocol price was listed at 4.6034 USD on the Investing.com NEAR/USD page reviewed for this report. Investing.com also showed a market capitalization of 5.98 billion USD, 24-hour volume of 610.47 million USD and circulating supply of 1.31 billion NEAR. Because the page did not provide a dated historical tick, the quote is presented as the displayed level at review rather than as a separately verified timestamped trade.
For the daily comparison, Kinzan's market page records a UTC daily close of 4.724 USD for October 29. Against that reference, 4.6034 USD is 2.55 percent lower. The calculation compares the displayed Investing.com level with the October 29 UTC close and does not treat the movement as a reaction to the governance news. Kinzan described NEAR's 24-hour move on October 29 as 5.31 percent lower at 11:28 UTC, a different rolling measurement from the UTC daily comparison.
Issuance proposal reaches final vote
The central new development is HSP-029, a House of Stake proposal that would lower NEAR's maximum annual issuance from 2.5 percent to 1.6 percent. According to Bluemediaworld, the reduction would be phased in linearly over 24 months after a 90-day grace period. The report says the vote is scheduled to close on November 2, 2026, but also notes that the date has been reported with some uncertainty.
The proposal has not passed. Even approval by the House of Stake would be only the first step: validators would have to adopt the change through a subsequent protocol upgrade. That distinction matters for investors because the proposal does not immediately alter the number of new NEAR tokens issued.
Trade-off for holders and stakers
The reported design reduces dilution for holders who do not stake, while lowering the modeled gross staking yield from 5.268 percent to 3.372 percent at the target rate. Those figures are model outputs rather than guaranteed returns, and actual results would depend on the staking ratio, validator commissions and the eventual implementation. The 90 percent allocation to stakers and 10 percent allocation to the protocol treasury would remain unchanged under the proposal.
NEAR's official website describes the House of Stake as the system for onchain ratification of protocol upgrades, economic parameters and treasury decisions. It also presents NEAR as a sharded proof-of-stake network with cross-chain infrastructure. For investors, the next observable checkpoints are the vote result, validator adoption and the start of any grace period, rather than the proposal headline alone.
Further NEAR Protocol coverage is available on the topic page.
