NEAR Protocol Tokenomics Overhaul Catapults The Crypto Coin 10% Higher

NEAR Protocol is climbing as the market weighs a major tokenomics overhaul designed to reduce token inflation and ease long-term selling pressure. The NEAR rally follows crypto governance approval of a proposal to lower the network’s annual issuance ceiling from 2.5% to 1.6% over two years. The proposal, known as HSP-029 , passed with overwhelming support from NEAR’s House of Stake. It would gradually reduce the number of new tokens entering circulation, potentially strengthening the supply outlook as the network expands. The move comes as NEAR Protocol seeks to turn its growing ecosystem activity into stronger value for token holders. With issuance cuts, cross-chain infrastructure, and renewed trading interest converging, we are watching if NEAR can sustain its latest breakout.

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