NEAR Protocol's token rose about 20% in the seven days to 8 September 2026. CoinGecko's daily price at 00:00 UTC went from $1.92 on 1 September to $2.31 on 8 September. Over the week it traded between $1.84 (2 September) and $2.49 (6 September). Most of the gain came in a single move late on 4 September. Even after the rally, NEAR was about 89% below its all-time high of $20.44, set on 16 January 2022.
Later development (7 October 2026): a governance proposal, HSP-029, would cut NEAR's maximum annual issuance from 2.5% to 1.6% over 24 months. Its status on the NEAR governance forum is "Voting". Details are below.
The week in numbers
All values are CoinGecko figures in US dollars, taken at the times shown. They are one aggregator's view, not an exchange-by-exchange record.
| Measure | Value | Time (UTC) |
|---|---|---|
| Price | $2.31 | 8 Sep 2026, 00:00 |
| Price seven days earlier | $1.92 | 1 Sep 2026, 00:00 |
| Seven-day change | +20.1% | 1 Sep to 8 Sep, 00:00 |
| Price thirty days earlier | $1.61 | 9 Aug 2026, 00:00 |
| Thirty-day change | +43.1% | 9 Aug to 8 Sep, 00:00 |
| Seven-day low (hourly data) | $1.84 | 2 Sep 2026, 10:00 |
| Seven-day high (hourly data) | $2.49 | 6 Sep 2026, 22:00 |
| Market capitalisation | $3.01 billion | 8 Sep 2026, 00:00 |
| 24-hour trading volume, all tracked markets | $359 million | 8 Sep 2026, 00:00 |
| All-time high | $20.44 | 16 Jan 2022 |
Later on 8 September the picture was slightly weaker. At 13:00 UTC the hourly price was $2.29, down from about $2.38 a day earlier, which put the 24-hour change at around -5%.
How the week unfolded
Hourly prices show three distinct phases:
- 1 to 4 September: sideways, with a dip. NEAR drifted from about $1.92 to its weekly low of $1.84 on the morning of 2 September. It then traded between $1.86 and $2.02 for roughly two days.
- Late 4 September: the jump. The price went from $2.02 at 19:00 UTC to $2.17 at 20:00 UTC, about 7% in one hour. By 07:00 UTC on 5 September it reached $2.27.
- 6 to 8 September: a new, higher range. NEAR climbed through 6 September to its weekly high of $2.49 at 22:00 UTC. It then settled between $2.27 and $2.41 through 8 September.
The weekly range from low to high was about 35%.
NEAR's week, hour by hour, and what comes next
Step through the dated moves from 1 to 8 September 2026 and the steps the HSP-029 issuance proposal still has to pass.
- 1 Sep 2026, 00:00 UTCWeek opens at $1.92done
CoinGecko's daily price puts NEAR at $1.92, the starting point for the seven-day change.
- 2 Sep 2026, 10:00 UTCWeekly low of $1.84done
NEAR dips to its weekly low on hourly data, then trades between $1.86 and $2.02 for roughly two days.
- 4 Sep 2026, 19:00–20:00 UTCThe jump: $2.02 to $2.17done
The price rises about 7% in one hour. Most of the week's gain comes from this single move.
- 5 Sep 2026, 07:00 UTCUp to $2.27done
The move carries on overnight, and NEAR reaches $2.27 by the morning.
- 6 Sep 2026, 22:00 UTCWeekly high of $2.49done
NEAR climbs through the day to its weekly high. The range from low to high for the week is about 35%.
- 8 Sep 2026, 00:00 UTCWeek closes at $2.31, up 20.1%done
Market capitalisation is $3.01 billion. NEAR is still about 89% below its all-time high of $20.44, set on 16 January 2022.
- 7 Oct 2026HSP-029 posted; vote under wayvoting
The proposal would cut maximum annual issuance from 2.5% to 1.6% over 24 months, keeping the 90% staking and 10% treasury split. The forum lists it as "Voting" and shows no tallies yet.
- Not yet datedRatification, then validator upgradepending
HSP-029 needs a super-majority. If ratified, validators must still adopt it through a protocol upgrade. The proposal gives two versions of the start delay: a 90-day grace period in one section and one full quarter in another.
This timeline covers only the week to 8 September and the proposal's stated steps. It gives no price after 8 September, does not explain what caused the 4 September jump, and does not forecast the vote or the price.
Supply: what the issuance proposal would change
Most staking rewards on NEAR come from newly issued tokens, so issuance is the main supply factor for holders. Under the network's proof-of-stake design, holders can delegate NEAR to validators and "receive a share of staking rewards", according to NEAR's documentation. The same documentation says NEAR is used for gas fees and is locked as stake for on-chain storage.
HSP-029 was posted on the NEAR governance forum on 7 October 2026 by Sal Ternullo of SVRN. According to its text:
- Maximum annual issuance would decline linearly from 2.5% to 1.6% over 24 months, applied per epoch.
- New issuance would stay split 90% to staking participants and 10% to the treasury.
- The author estimates about 11.8 million fewer NEAR issued over two years and about 66.1 million fewer over six years. The six-year figure is about 4.36% of supply.
- Gross staking yield would fall. The document gives two different sets of figures: one series runs from 5.268% to 3.372%, while its summary says 4.80% to 3.07%.
- The proposal also gives two versions of the start delay: a 90-day grace period in one section, one full quarter in another.
- It is marked as a super-majority decision. After ratification, validators would still need to adopt it through a protocol upgrade.
The forum lists the proposal as "Voting" and shows no vote tallies yet.
What to watch
- The HSP-029 vote and validator adoption. The issuance change only takes effect after ratification and a protocol upgrade.
- Whether the price holds above the 4 September breakout. The jump started from around $2.02. That level marks where the week's move began; it is not a forecast.
- Distance to the record high. At $2.31, NEAR would need to rise about 8.9 times to regain $20.44.
Crypto assets are volatile and you can lose your capital. Nothing here is investment advice.
