NEAR Protocol advances Tokenomics 2.0 proposal to cap supply
CIE News ·
Governance discussions advanced on NEAR Protocol's proposal to cap supply at 1.6 billion NEAR, amid a 9.79% price surge and $58 million in cumulative Bitwise ETF volume.
Between October 9 and October 10, 2026, NEAR Protocol community governance discussions advanced regarding the Tokenomics 2.0 proposal, which seeks to reduce maximum annual issuance from 2.5% to 1.6% over two years and establish a supply ceiling of 1.6 billion NEAR. The proposal remains subject to a community vote while the Bitwise NEAR ETF (NRR) has reached $58 million in cumulative net volume. According to CoinMarketCap, NEAR gained 9.79% over a 24-hour period ending October 9, supported by ETF access, supply tightening discussions, and transaction layer integrations including CircuitAI on NEAR Intents.