Near Protocol is transforming the Web 3.0 technology landscape with a new strategy. 2025 analysis report

Recently, the cryptocurrency Near has garnered significant attention from the investor and developer communities, especially when observing the major move of this platform in collaborating with Google Cloud to develop high-performance Web 3.0 infrastructure.

What is Near? Why Has It Become a Promising Competitor to Ethereum?

Near Platform or Near Protocol is a blockchain network designed to address key issues faced by Ethereum, particularly in terms of Scalability—the ability to handle a large number of transactions simultaneously.

This platform uses Proof-of-Stake technology combined with Sharding Technology, enabling fast and cost-effective transaction processing. Users and developers can write and deploy (dApps) on this platform securely without intermediaries.

Who Are the Creators of Near Protocol?

Near Protocol was created through collaboration among a team of highly skilled developers led by Erik Trautman, founder of Viking Education, and Alexandra Skidanov, a former Microsoft scientist with top-tier programming expertise, along with Ilya Polosukin, who has over ten years of experience in the tech industry.

Currently, the Near development team consists of more than 70 members, most of whom have backgrounds from leading tech companies such as Google. This team structure indicates that Near Protocol is highly focused on developing software and producing technical innovations seriously.

Latest Near Coin Data and Current Investment Potential

Current Price Data:

• Price: $1.46 per coin
• 24-Hour Change: -3.17%
• 7-Day Change: -1.68%
• Market Cap: $1.88 billion
• Contract Volume: 1,283,324,741 coins

Near Coin functions as a token for paying transaction fees on the Near network and is used to pay staking rewards to validators and developers. The total supply of Near is capped at 1,000,000,000 coins, which gives it long-term potential for value appreciation.

Key Strengths of Near Protocol You Should Know

1. Open Source System (Open Source) Facilitating Easy Development

Near has an open-source code system that allows developers to create dApps freely. The platform features modern data storage and high security standards. User data will not be deleted or impersonated.

2. High Transaction Scalability (Scalability)

By utilizing Sharding technology, Near can support a large volume of transactions in a short period. It also significantly reduces (Gas Fees), resulting in greater stability compared to Ethereum and other older blockchains.

3. Rainbow Bridge System for Cross-Chain Asset Transfers

Near Protocol features the Rainbow Bridge, which reduces multi-layer fee issues and facilitates asset transfers between different blockchains.

Pagoda: New Program in Partnership with Google Cloud to Develop Web 3.0

Pagoda was launched in early 2022 as a comprehensive platform for Web 3.0 developers aiming to build dApps on the Near network with full toolsets.

The collaboration with Google Cloud marks a significant step in developing Near Protocol. According to Carlos Arena, Google Cloud’s Digital Asset Director, Google’s infrastructure will help Near developers operate more stably and quickly, while also increasing network (Scalability), attracting more developers to create applications on Near in the future.

Is Near Coin a Good Investment? An Analytical Perspective

Based on fundamental analysis of the coin and ongoing development programs, Near Protocol has strengths and potential that are attractive for medium- and long-term investment.

If the Pagoda program succeeds and Near continues to grow its user base, it could lead to an increase in the value of Near coins in the future. However, the current cryptocurrency market is highly volatile, especially as many coin prices are trending downward.

Investors interested in Near should conduct thorough research and stay updated with the latest news. Since investing in digital assets involves high risks, this article aims to provide informational content only and is not an investment solicitation.