NEAR Protocol community votes to cut annual issuance by 36%, and launches on Pump Fun
Event: The community voted to significantly reduce the annual issuance cap, potentially preventing approximately 66.1 million NEAR from being issued over six years. NEAR has also launched on Pump Fun, giving it access to more trading channels. NEAR Intents posted its highest monthly revenue on record in October, with $3.9 billion in trading volume and $2.4 million in revenue over 30 days. Its cumulative trading volume has exceeded $37 billion, with more than 520,000 unique users in the past 30 days.
Why it matters: Deflationary expectations, coupled with growing ecosystem revenue, point to a clear improvement in fundamentals.
Beneficiary token: NEAR.
Price action: Strengthened alongside the broader market, leading the altcoin pack.
Support and resistance: Short-term support is around the previous low, while resistance is near the recent high (subject to market updates).
Outlook: Reduced dilution and more trading channels make the tokenomics more attractive.
Related token overview: $NEAR is a high-performance sharded public blockchain focused on a user-friendly experience and chain abstraction through Intents.
Event: The community voted to significantly reduce the annual issuance cap, potentially preventing approximately 66.1 million NEAR from being issued over six years. NEAR has also launched on Pump Fun, giving it access to more trading channels. NEAR Intents posted its highest monthly revenue on record in October, with $3.9 billion in trading volume and $2.4 million in revenue over 30 days. Its cumulative trading volume has exceeded $37 billion, with more than 520,000 unique users in the past 30 days.
Why it matters: Deflationary expectations, coupled with growing ecosystem revenue, point to a clear improvement in fundamentals.
Beneficiary token: NEAR.
Price action: Strengthened alongside the broader market, leading the altcoin pack.
Support and resistance: Short-term support is around the previous low, while resistance is near the recent high (subject to market updates).
Outlook: Reduced dilution and more trading channels make the tokenomics more attractive.
Related token overview: $NEAR is a high-performance sharded public blockchain focused on a user-friendly experience and chain abstraction through Intents.