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NEAR Protocol Completes its Halving Upgrade on Mainnet

Twitter icon  •  Published 3 months ago on October 31, 2025  •  Hassan Maishera

The Near Protocol announced via X on Thursday that NEAR has successfully completed its halving upgrade on mainnet.

NEAR Protocol Completes its Halving Upgrade on Mainnet

The Near Protocol announced via X on Thursday that NEAR has completed its halving upgrade on mainnet.

This upgrade reduces the maximum annual inflation rate of NEAR Protocol from 5% to 2.5%. The upgrade became effective once 80% of the stake of block-producing validators chose to adopt protocol version 81.

NEAR Protocol is a decentralized application platform designed to make apps similarly usable to those on today’s web. The network runs on a Proof-of-Stake (PoS) consensus mechanism called Nightshade, which aims to provide dynamic scalability and stabilize fees.NEAR is trading at $2.10, down by 6.1% in the last 24 hours.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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