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NEAR Protocol blockchain updates staking, wallet shutdown, and token economics ahead of October 31 deadline

Protocol Fundamentals
30 Oct 2026, 12:39 WIB
CryptoTicker
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NEAR Protocol blockchain updates staking, wallet shutdown, and token economics ahead of October 31 deadline

NEAR Protocol, a layer-1 blockchain using sharding and proof of stake, currently has about 1.25 billion NEAR tokens in circulation with a market value around $5.8 billion. The network offers low fees and fast transactions, supporting millions of users and cross-blockchain services. Key updates include the shutdown of the popular MyNearWallet on October 31, 2026, requiring users to migrate their holdings, and ongoing discussions about reducing token issuance from 2.5% to 1.6%. Staking remains central, with operators and delegators earning a minimum 2.5% yield, though risks include price volatility and technical complexity. Investors should verify exchange licenses, wallet options, and staking terms before engaging.

NEAR Protocol is the subject of this update, with Pluang market data as of Oct 30, 2026, 16:51 WIB. Among 50 major cryptocurrencies priced on Pluang, 5 rose and 44 fell today. Notable movers include AXS at Rp15.511 with a 1-day change of -7.88%, SNX at Rp3.296 down 7.68%, and MANA at Rp1.289 down 7.47%.

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