September 24｜NEAR: Code Merged—Not Yet Equal to the New Fee Rule Being Fully Live
NEAR is back in the market spotlight today. Instead of just hearing “burns have increased,” it’s more important to track where the fee-allocation changes have gotten to: House of Stake’s HSP-027 has been approved. On July 23, nearcore merged the related code, planning to reduce the 30% Gas rewards that were originally returned to developers during smart contract execution down to zero, routing that portion of fees into the protocol’s burn path.
However, the governance progress report dated September 17 still listed mainnet deployment as pending. After the code merge, there’s still a wait for the protocol version to be released, validators to upgrade, and mainnet to be activated. You can’t treat a passed proposal as if the on-chain effect is already fully realized. This adjustment targets fee allocation and doesn’t mean ordinary users’ transaction fees have increased. What’s genuinely worth checking next is the mainnet status and the actual burn data—public attention alone can’t replace these pieces of evidence. The share of circulating supply that gets burned still depends on real on-chain usage. Even if the parameter is set to zero, if the call volume is insufficient, the effect will remain limited.
$NEAR #NEAR
For information purposes only and does not constitute investment advice.
NEAR is back in the market spotlight today. Instead of just hearing “burns have increased,” it’s more important to track where the fee-allocation changes have gotten to: House of Stake’s HSP-027 has been approved. On July 23, nearcore merged the related code, planning to reduce the 30% Gas rewards that were originally returned to developers during smart contract execution down to zero, routing that portion of fees into the protocol’s burn path.
However, the governance progress report dated September 17 still listed mainnet deployment as pending. After the code merge, there’s still a wait for the protocol version to be released, validators to upgrade, and mainnet to be activated. You can’t treat a passed proposal as if the on-chain effect is already fully realized. This adjustment targets fee allocation and doesn’t mean ordinary users’ transaction fees have increased. What’s genuinely worth checking next is the mainnet status and the actual burn data—public attention alone can’t replace these pieces of evidence. The share of circulating supply that gets burned still depends on real on-chain usage. Even if the parameter is set to zero, if the call volume is insufficient, the effect will remain limited.
$NEAR #NEAR
For information purposes only and does not constitute investment advice.