NEAR Governance Lowers Token Issuance Ceiling to 1.6% Over Two Years
NEAR's House of Stake has approved a proposal to reduce the network's maximum annual token issuance rate from 2.5% to 1.6% over the next 24 months.
NEAR's House of Stake has approved a proposal to reduce the network's maximum annual token issuance rate from 2.5% to 1.6% over the next 24 months. NEAR Protocol (NEAR) is trading at $3.87, up 1.0% since this brief published. This is an original TLT brief synthesising 2 outlets (The Block, CoinCodex), plus live market data, as of Tue, 03 Nov 2026 12:00:04 UTC.
This decision aims to reduce inflation and improve tokenomics by decreasing the rate at which new NEAR tokens enter circulation, which could positively impact the token's value and network security.
- NEAR's maximum annual token issuance rate reduced from 2.5% to 1.6% over two years.
- Proposal HSP-029 passed by NEAR's House of Stake governance body.
- Decision aims to curb inflation and enhance tokenomics.
- NEAR price down 6.86% in 24 hours amid broader market decline.
The Block reports that NEAR's House of Stake has approved proposal HSP-029, which lowers the network's maximum annual token issuance rate from 2.5% to 1.6% over 24 months. This consensus decision aims to reduce inflation and improve the token's economic model. No other outlets have reported on this development, and there are no discrepancies in the details provided.
- NEAR Protocol Price Drops 9% Amid AI Crypto Sell-Off and Token Issuance Concerns
- NEAR Governance Lowers Token Issuance Ceiling to 1.6% Over Two Years — this brief
NEAR's governance body, the House of Stake, has approved proposal HSP-029, which reduces the network's maximum annual token issuance rate from 2.5% to 1.6% over the next two years. This decision is part of an effort to curb inflation and improve the tokenomics of the 
NEAR Protocol.
The proposal was passed by the governance body, indicating a consensus among stakeholders to implement this change. The reduction in the issuance rate is expected to decrease the rate at which new NEAR tokens enter circulation, potentially impacting the token's value and network security.
Currently, NEAR's total value locked (TVL) stands at $111.08 million, according to DeFiLlama, marking a 13.2% decrease over the past week. The broader crypto market is also experiencing a downturn, with the total market cap at $2.65 trillion and 
Bitcoin down 1.25% in the last 24 hours.
The NEAR Protocol token (NEAR) is currently priced at $3.83, having fallen 6.86% in the past day and 14.03% over the week. This decline reflects the broader market sentiment, as indicated by the Fear & Greed Index at 26, which signifies a state of fear.
Since this brief published about 3 hours ago, NEAR Protocol (NEAR) has moved from $3.83 to $3.87 — +1.04%.
The chart plots NEAR's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 NEAR ≈ ₦5,342.24 (about $3.87), down 6.3% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 3, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
NEAR Governance Lowers Token Issuance Ceiling to 1.6% Over T — questions & answers
What is the new token issuance rate for NEAR?
The new maximum annual token issuance rate for NEAR is 1.6%, reduced from 2.5% over 24 months.
Why was the token issuance rate reduced?
The reduction aims to curb inflation and improve the tokenomics of the NEAR Protocol.
How has the NEAR token price reacted?
The NEAR token price has fallen 6.86% in the last 24 hours amid broader market decline.
How much is 1 NEAR Protocol worth in naira today?
About ₦5,342.24 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $3.87. The naira price moves with both NEAR's US-dollar price and the USDT/NGN rate; use our NEAR Protocol in naira page for any amount.
Has NEAR Protocol's price moved since this brief was published?
NEAR is up 1.04% since this brief first published — trading at $3.87 now versus $3.83 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from The Block, CoinCodex, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.