NEAR Protocol price weighs phased issuance cut after governance vote
Published on 11/11/2026 at 13:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSIssuance cut still awaits implementation
- NEAR governance approved a proposal to reduce the maximum annual issuance rate from 2.5% to 1.6% over 24 months.
- The change still requires Security Council review, a validator upgrade and a 90-day grace period before becoming binding.
- Investing.com displayed NEAR at 3.6302 USD, with a market capitalization of 4.75 billion USD and a 24-hour volume of 645.57 million USD at retrieval.
NEAR Protocol price is in focus after the network's House of Stake approved HSP-029, a proposal to lower the maximum annual issuance rate from 2.5% to 1.6% over 24 months. The vote was approved on November 2, 2026, but it does not change token issuance immediately.
The Block reports that the proposal keeps the existing distribution of newly issued tokens, with 90% allocated to staking participants and 10% to the treasury. The ceiling would decline each epoch until reaching 1.6% in the 24th month.
Lower dilution, lower staking yield
The proposal estimates that the phased reduction would prevent about 11.8 million NEAR from being issued during the first two years and 66.1 million over six years. The Block cites projected gross staking yield of 3.372% at the target rate, compared with 5.268% under the existing assumptions and unchanged staking participation. For token holders, the potential benefit is slower supply growth; for stakers, the trade-off is lower issuance-based income.
The reform is not yet binding. The House of Stake Security Council must first review the result. A 90-day grace period follows ratification, and validators must then adopt a protocol upgrade for the new schedule to take effect. This means the vote is a governance decision rather than an immediate supply change.
Current market snapshot
At the time of retrieval, Investing.com displayed NEAR at 3.6302 USD. The same page showed a market capitalization of 4.75 billion USD, a rank of 18, circulating supply of 1.31 billion NEAR and 24-hour volume of 645.57 million USD. Its displayed 52-week range was 0.8482 to 5.9725 USD.
NEAR's official website describes the protocol as infrastructure for cross-chain execution, confidential settlement and AI-related applications. That positioning provides a broader use-case context, but the issuance reform remains the most immediate token-specific development for investors. The market snapshot should be treated as a point-in-time reading because crypto trades continuously.
More coverage is available on the NEAR Protocol topic page.
