NEAR Draft Adds ML-DSA-65 Signing Support, Targets Lower Issuance
NEAR Protocol proposes adding ML-DSA-65 signing support for transactions and a separate draft aims to reduce NEAR token issuance from 2.5% to 1.6% annually. NEAR Intents reported $4.762B in 30-day DEX volume, $223.83M in TVL, and $7.85M in fees. NEAR's price rose 7.96% to $5.29 on Oct. 10, 2026. The Bitwise NEAR ETF (NRR) holds 14.25M NEAR tokens.
How this was made
The 30-second read
Why it matters
The proposals could affect token economics and security features, influencing investor sentiment.
Market read
First disclosure of governance changes that may affect NEAR token supply and security, offering a modest trading signal.
What to watch
Adoption of ML-DSA-65 may be limited by developer support and user demand.
Background
NEAR Protocol is a proof‑of‑stake blockchain; recent governance drafts propose technical and monetary changes.
Ticker impact
Draft proposals add ML-DSA-65 signing support and lower annual token issuance, new governance changes for NEAR.
potential upward pressure as reduced supply may boost price, but reduced staking rewards could dampen demand
First report of governance drafts; market may react to supply change and security upgrade.
Market effects
May influence other proof‑of‑stake layer‑1 tokens considering supply adjustments.
Primarily affects crypto markets globally, with modest impact on US crypto exchanges.
Relevant to investors tracking crypto supply dynamics and protocol upgrades.
Counterpoint
Reduced issuance could lower validator incentives, leading to network security concerns and price weakness.
Key entities
- protocolNEAR Protocol
Public blockchain issuing the NEAR token.
- organizationSVRN
Authored the lower issuance governance draft.
