NEAR Protocol

NEAR Protocol is a blockchain network designed to support decentralized applications and, more recently, AI-driven software agents that can transact and operate across both traditional web services and other blockchains. Its stated purpose is to remove the technical complexity of blockchain interaction so that developers and ordinary users can build and use applications without needing to manage the underlying infrastructure. The project positions itself as infrastructure for a class of applications where software agents act autonomously on behalf of users.

NEAR uses a sharded blockchain architecture, meaning the network is divided into parallel segments that process transactions simultaneously, which is intended to increase throughput and keep transaction costs low. The NEAR token is used to pay the fees required to execute transactions and store data on the network, and it is also used in staking, where token holders help secure the network and validators earn a share of fees in return. The data here records no separate consensus algorithm, and the block time is listed as zero minutes, so those specific mechanical details are not available in this dataset.

Fees on NEAR are paid by users and developers who execute transactions or deploy smart contracts on the network. Over the trailing 30 days, the protocol collected 42,293 USD in total fees, of which 29,609 USD was retained as protocol revenue, implying a take rate of approximately 70 percent over that period, with the remaining roughly 12,684 USD going to the supply side, meaning validators and stakers. Annualizing from that 30-day window produces fees of 514,564 USD and protocol revenue that, set against the current market capitalization of 2,438,515,807 USD, yields a market-cap-to-fees ratio of 4,738.99 and a market-cap-to-revenue ratio of 6,769.09. Fees grew approximately 27.28 percent over the trailing 30 days, and the annualized fee yield relative to market capitalization stands at roughly 0.021 percent.