NEAR Protocol price weighs phased issuance cut
Published on 11/10/2026 at 18:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNEAR governance meets tokenomics pressure
- House of Stake approved a plan to lower maximum annual issuance from 2.5% to 1.6% over 24 months.
- The change is not yet active and still requires Security Council review, a preparation period and validator adoption.
- Investing.com displayed NEAR at 3.5934 USD at 19:34:31 Berlin time when the page was read on November 10.
- NEAR Intents reported more than 2.4 million USD in 30-day revenue and over 3.9 billion USD in trading volume for October.
The NEAR Protocol price remains in focus after the network's House of Stake approved a proposal to reduce the maximum annual issuance rate from 2.5% to 1.6% over 24 months. The reform could slow future dilution, but it has not yet changed the token supply schedule.
Investing.com displayed NEAR at 3.5934 USD at 19:34:31 Berlin time when its NEAR/USD page was read on November 10. The same page showed 645.58 million USD in 24-hour volume, a market capitalization of 4.69 billion USD, a rank of 19 and circulating supply of 1.31 billion NEAR. Because the page did not provide the required prior UTC daily close, no UTC daily percentage change is assigned here. The figures are a market snapshot rather than a verified historical close. Investing.com
Issuance cut still awaits implementation
According to Unchained's report published by Yahoo Finance, the House of Stake vote on proposal HSP-029 took place on November 2. The vote alone does not enact the new ceiling. The Security Council must review the result, a roughly 90-day preparation period follows, and validators must adopt a protocol upgrade before the revised schedule becomes binding.
Once active, the maximum rate would decline gradually rather than fall immediately. The proposal's modelling estimates 11.8 million fewer NEAR issued over two years and 66.1 million fewer over six years compared with keeping the existing cap. The allocation of newly issued tokens would remain 90% for staking participants and 10% for the treasury. For token holders, the potential benefit is slower supply growth; for stakers, the trade-off is lower issuance-based income. The same report cites a modelled gross staking yield of about 3.37% at the target rate, compared with roughly 5.27% under the current assumptions.
Usage offers a separate signal
NEAR's tokenomics reform is separate from activity on NEAR Intents. MarketCapOf reported more than 2.4 million USD in Intents revenue and over 3.9 billion USD in trading volume over a 30-day period covering October, alongside more than 520,000 unique users and two million swaps. Those activity figures do not by themselves establish a higher token value, but they provide a separate network-usage metric for investors monitoring the NEAR Protocol price.
NEAR's official website describes the project as infrastructure for cross-chain execution and agent-focused applications, while presenting NEAR Intents as a service for trading across more than 35 chains. The immediate investment question is therefore twofold: whether the issuance reform reaches implementation, and whether network usage can develop independently of the supply decision. More NEAR Protocol coverage.
