Near Protocol (NEAR) is up by 106%. For a project that competes with Ethereum, the DeFi boom brings tangible benefits.
Over the past three months, Near Protocol network activity has increased significantly. Several interesting applications based on this blockchain have appeared. For example, Berry Club, which allows you to draw pictures with pixels and get NFT.
Near Protocol is a smart contract platform that uses sharding to scale the network. The Ethereum 2.0 platform being launched seeks to work along the same lines.
NEAR is a relatively new project. The mainnet launch took place less than a year ago. It uses staking as a consensus building mechanism. This allows you to stabilize fees, speed up DAO processing.
Near-protocol is currently at an early stage of development. Its price depends on the news background and the activity of the community on social networks. But if the support of the Mooniswap exchange is received, the NEAR token will skyrocket in value.
Recall that in 2019-2020 such large companies as a16z, Pantera Capital, Electric Capital, Ripple Xpring invested in the development of the Near Protocol. This shows that the project is promising.