Summary
- NEAR proposes reducing token issuance from 2.5% to 1.6% over 24 months
- Fee switch activation drives over 30% protocol fee capture
- Sustainable tokenomics may support long-term value
NEAR Protocol pushed a governance proposal in early October 2026. It cuts annual token issuance from 2.5% to 1.6% over 24 months. Protocol fee capture jumped past 30% after the fee switch kicked in.
The move lines up with Ethereum upgrades on scalability and sustainability.
Context
Ethereum runs regular upgrades. They boost scalability, security, and sustainability. The roadmap keeps improving network performance even without a fixed supply cap.
NEAR's proposal fits right into this picture.
It signals tighter control over token supply as on-chain activity grows.
Details
The proposal came from the NEAR Governance Forum. @sal_ternullo posted it. The plan phases down issuance from 2.5% to 1.6% across two years. Fee switch activation by the end of February 2026 let NEAR Intents grab more than 30% of fees on over $15 billion in swap volume.
"New proposal on the NEAR Governance Forum from @sal_ternullo CEO at @svrn_ai on cutting issuance from 2.5% to 1.6% over 24 months."
, Attribution (NEAR Protocol)
This path points NEAR toward a steadier supply. Ethereum upgrades push similar long-term gains at the same time.
Social Highlight · @NEARProtocol · Published 2026-02-28
NEAR Intents activated fee switch. (link)
Outlook
Governance participants will review and vote on the timeline next. Protocol activity and fee metrics will show the real impact ahead.