CryptoMedium•4 November 2026•
1 min read
NEAR Protocol Jumps 10% Following Tokenomics Overhaul Approval
Key Facts
1NEAR token price surged 10% following the approval of proposal HSP-029 to reduce the annual issuance rate to 1.6%.
The NEAR token price surged 10% on November 4, 2026, following the approval of governance proposal HSP-029. cryptonews.com reported that the decision aims to overhaul the protocol's tokenomics by reducing the annual issuance rate to 1.6%.
The approved plan includes a 90-day grace period followed by a 24-month phase-in period for the new issuance limits. This price rally reflects a positive market reaction to fundamental changes in the token supply dynamics intended to combat inflation.