NEAR Protocol's Token Issuance Set to Decrease by 36% After Critical Vote
A significant governance vote has approved a proposal to reduce NEAR token issuance by 36%, impacting future supply.
A significant governance vote has approved a proposal to reduce NEAR token issuance by 36%, impacting future supply. NEAR Protocol (NEAR) is trading at $3.88, down 0.3% since this brief published. This is an original TLT brief based on reporting by Bitcoin Sistemi, with live market data added, as of Tue, 03 Nov 2026 14:45:02 UTC.
The reduction in token issuance could enhance NEAR's scarcity and potentially support its price, while also aligning with broader trends of cryptocurrency networks implementing deflationary mechanisms.
- NEAR token issuance to decrease by 36% over two years.
- Reduction prevents 11.8M NEAR from entering circulation, worth ~$45M at current prices.
- Proposal aims to improve tokenomics and scarcity.
- NEAR Protocol's Token Issuance Set to Decrease by 36% After Critical Vote — this brief
- 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
The 
NEAR Protocol community has approved a significant proposal to reduce token issuance by 36%, following a critical governance vote. This decision aims to modify the tokenomics of the network by decreasing the supply of new tokens entering circulation.
According to Cointelegraph, the issuance cut will prevent 11.8 million NEAR tokens from being released over the next two years. At the current price of $3.89 per NEAR, this reduction is worth approximately $45 million.
The proposal's approval comes at a time when many cryptocurrency networks are exploring ways to improve their tokenomics, often through mechanisms that reduce supply or increase scarcity. This move by NEAR Protocol is consistent with such trends and could be seen as a strategic decision to enhance the value proposition of its native token.
The NEAR Protocol's Total Value Locked (TVL) currently stands at $112.17 million, according to DeFiLlama, marking a 7-day decrease of 12.5%. This suggests that while the network is actively engaging in governance decisions, the broader DeFi ecosystem on NEAR may be experiencing some volatility.
In the current market context, with the total crypto market cap at $2.66 trillion and 
Bitcoin showing a slight 24-hour decline of 0.52%, NEAR's price has dropped by 5.08% in the past day and 12.65% over the past week. The cryptocurrency Fear & Greed Index remains at 26, indicating a 'Fear' sentiment in the market.
Since this brief published about 20 hours ago, NEAR Protocol (NEAR) has moved from $3.89 to $3.88 — -0.26%.
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 ≈ ₦5,357.08 (about $3.88), down 4.8% 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 Protocol's Token Issuance Set to Decrease by 36% Af — questions & answers
What is the exact reduction in NEAR token issuance?
The issuance will decrease by 36% over two years, preventing 11.8 million NEAR from entering circulation.
How much is the reduction in NEAR tokens worth?
The 11.8 million NEAR reduction is valued at approximately $45 million at current prices.
Why is the NEAR community implementing this change?
The change aims to improve tokenomics and increase scarcity, aligning with broader trends in the cryptocurrency market.
How much is 1 NEAR Protocol worth in naira today?
About ₦5,357.08 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $3.88. 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 down 0.26% since this brief first published — trading at $3.88 now versus $3.89 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 Bitcoin Sistemi. 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.