NEAR has recently received market attention not only because of price volatility but also because of the potential for important adjustments in its token model. The NEAR founder, Illia Polosukhin, proposed that the existing inflation distribution mechanism be changed to a fixed supply model. If the proposal goes into governance and is adopted, the NEAR follow-up will no longer rely on continued growth to reward the certificationer.
The founder proposed to eliminate annual inflation.
Under the current design, about 2.4 per cent of the new tokens are issued annually to provide incentives to the certificationer. The new proposal, in turn, would like to eliminate this part of the increase on a continuous basis, instead of paying off the actual revenues of the agreement to the certifying officer.
This means that the NEAR ceiling on the supply of tokens will be fixed. For currency holders, the value of network growth would theoretically be more directly reflected in existing tokens rather than continuously diluted by new issuances.
However, this adjustment is still at the stage of community discussions and has not yet been formally landed. Market concerns are focused on whether NEAR will become the mainstream of the Layer 1 network, with a few projects that explicitly promote fixed supply models.
Money and activity remain stable on the chain.
In addition to the governance proposals, the NEAR ecological data are important factors that underpin attention. It is mentioned that the total value of the network currently exceeds $150 million and the liquidity of the stable currency exceeds $110 million, indicating that there is still more stable financial participation in the ecology.
At the same time, NEAR ' s daily address, decentralised trading activity and application use remain resilient. Even during the period of overall market volatility, there was no apparent slippage in its use.
Such data are usually seen as a direct indicator of the fundamentals of the public chain. It is easier for the market to interpret it as ecologically sustainable if chain activity remains stable compared to a purely emotional-driven rebound.
Market concerns about resonance between governance and fundamentals
According to the article, the current interest in the NEAR lies at the heart of two parallel threads: a fixed supply proposal that may change the long-term denominated currency economic structure, and a chain of funds and user activity that has not significantly weakened.
If the follow-up governance discussions continue and ecological data remain stable, the NEAR may continue to be one of the priority observed projects in the Layer 1 track in the second half of the year. In comparison with short-term mood fluctuations, the market is more concerned about whether such currency model adjustments can really be translated into long-term value support.