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Coinbase Adds Near Protocol to Roadmap with NEAR Token Skyrockets

Annie Li   Aug 11, 2022 09:17 1 Min Read


   

NEAR Protocol's native token, NEAR, surged after it was added to cryptocurrency exchange Coinbase's listing roadmap.

Upon listing, NEAR was up 7.97% in the last 24 hours. The live NEAR price was trading at $5.82 with a 24-hour trading volume of $4,411,247,070.

The coin is currently the 21st largest cryptocurrency by market cap and has gained over 25% in 7 days.

The NEAR Protocol is a one-layer blockchain designed as a community-run cloud computing platform.

This removes some of the limitations that have plagued competing blockchains, such as low transaction speeds, low throughput, and poor interoperability. The protocol was designed as one of the solutions to Ethereum and its congestion problems.

NEAR Protocol is aiming to drive the decentralization of its growing ecosystem.

In order to Increase transparency for new asset listings, Coinbase's listing roadmap provides a set of crypto projects that may be joining the exchange's list of supported assets.

For the second time this year, Near protocol, a layer-1 blockchain network, has pulled massive funds from investors cutting across the traditional finance and crypto industries.

The platform pulled in $350 million, which is more than double what it raised ( $150 million) back in January.


Image source: Shutterstock

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