NEAR Protocol: Despite showing network growth, why is its token ‘NEAR' the bottom

Famous for providing users with regular updates on activities on its network, yesterday, the Near Protocol in a Twitter thread, whilst informing members of its June Town Hall Meeting, highlighted the growth the network recorded over the course of the last year. According to the post, the Protocol stated that it was headed towards registering

Timeline of Near-protocol

The world is sliding into a global recession with dysfunctional supply chains, rising inflation, and global uncertainty. This year has been a challenging year for many crypto investors, watching the value of their portfolios steadily drop, and many are searching for investments that will fly during the next bull market.

As the month of May ended and blockchain platforms embarked on their monthly housekeeping journeys, the Near Protocol, in a tweet made on 2 June stated that the platform recorded increased traction and growth during the month. The Protocol indicated that a total of 25, 265,452 transactions were processed in May which represented a 13%

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. NEAR Protocol has been in a downtrend on the price charts for most of April and all of May, but the past few days appeared to offer some hope for the bulls.

The NEAR developers will develop Web3 applications with the help of Pocket Network, the relay infrastructure middleware protocol so let's read more today in our latest blockchain news. According to Pocket Network, the Near developers will develop web3 applications on other blockchains like Solana, Polygon, Ethereum, and more.

Founded by Alex Skidanov and Illia Polosukhin, NEAR Protocol prides itself as a development platform, with the concepts of sharding, proof-of-stake, and a layer-one blockchain designed for usability central to its operations. In the last few weeks, the Protocol recorded significant strides.

Near Protocol NEAR/USD is a layer-1 blockchain that powers decentralized applications (dApps). However, it differentiates itself by utilizing what is known as Nightshade, which is a unique sharding technology. The network was launched in 2020 and offers cross-chain interoperability through the Rainbow Bridge, as well as a layer-2 solution known as Aurora. Aurora's $90 million The post NEAR's future after Aurora launches $90M fund for DeFi appeared first on Invezz.

Aurora Labs allocated 25 million aurora tokens (about $90 million) from its DAO treasury for the fund. The post Aurora launches $90 million developer fund to boost DeFi on Near Protocol appeared first on The Block.

In the last week, while other networks or Protocols complained of either terrible price or on-chain performance and security breaches, the NEAR protocol appeared to have made significant strides according to its weekly newsletter. Amongst other significant growth to the Protocol, reportedly, the number of unique contracts and daily growth of new wallets on the

Phemex launches NEAR/USD contract Trading pairSingapore, Singapore , May 09, 2022 (GLOBE NEWSWIRE) -- Ever since Phemex was founded in 2019 by Jack Tao and seven other former Morgan Stanley executives, the Singapore-based cryptocurrency exchange has ...

The NEAR Foundation aims to improve Kenya as it backed the blockchain community Sankore to educate developers and analysts and support the growth of the local projects so let's read more today in our latest cryptocurrency news. The Kenya-based blockchain community Snakore partnered with NEAR Foundation to launch a hub that aims to develop talent