NEAR Protocol price weighs lower dilution after issuance vote
Published on 11/13/2026 at 07:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNEAR Tokenomics Enter a Transition
- NEAR governance approved HSP-029, which targets a gradual reduction in maximum annual issuance from 2.5% to 1.6% over 24 months.
- The change still requires Security Council review, a 90-day grace period and a validator upgrade before becoming binding.
- Investing.com displayed NEAR at 3.6302 USD when read on November 13, while CoinGecko recorded a UTC close of 3.42 USD for November 12.
The NEAR Protocol price is being assessed against a proposed change to the token's supply schedule. NEAR's House of Stake approved HSP-029, which would lower the network's maximum annual issuance rate from 2.5% to 1.6% over 24 months. The vote was approved on November 2, but the new ceiling is not yet binding.
According to The Block, the proposal changes the issuance parameter while retaining the existing 90/10 split of newly issued tokens between staking participants and the protocol treasury. The planned reduction would be phased in linearly, reaching the 1.6% target at the end of the 24-month period.
Approval Does Not Mean Immediate Supply Cut
The governance decision still has to pass a 14-day Security Council veto window, according to Cointelegraph. If it is ratified, a 90-day grace period follows. Validators must then adopt the required technical upgrade before the revised schedule takes effect.
The proposal estimates that roughly 11.8 million NEAR would not be issued during the first two years and 66.1 million during the first six years compared with the existing ceiling. The Block reported that daily issuance could decline from approximately 89,500 NEAR to 57,300 NEAR at full implementation. The same report projects gross staking yield to fall from 5.268% to 3.372%, assuming the staking participation rate remains unchanged. For investors, the change therefore combines a potential reduction in dilution with lower projected staking rewards.
Price Data and Market Context
Investing.com displayed NEAR at 3.6302 USD when its NEAR/USD page was read on November 13. The page showed a 24-hour volume of 645.57 million USD, market capitalization of 4.75 billion USD, a rank of 18 and 1.31 billion NEAR in circulation. Its listed 52-week range was 0.8482 to 5.9725 USD.
For the daily comparison basis, CoinGecko's historical page records a UTC close of 3.42 USD for November 12 and no completed close for November 13 at the time of retrieval. The displayed live quote should therefore be treated as a reading during the publication date, not as a completed November 13 UTC close. The NEAR Protocol price remains exposed to broader crypto-market conditions while the supply reform works through its governance and technical stages.
More coverage is available on the NEAR Protocol topic page.
