At the end of the second quarter of 2023, the treasury of the Near Protocol (NEAR) layer-1 blockchain platform decreased to 900 million USD, while the price of the NEAR token dropped from 1.99 USD to 1.38 USD.
According to the report as of July 10th, the Near treasury currently consists of 349 million USD in fiat, 315 million NEAR tokens, and 90 million USD for loans and investments. A total of 16 million USD and 1 million NEAR were distributed to the ecosystem in the second quarter.
The Near developers have also noted that in light of industry challenges such as the SEC’s lawsuits against Binance and Coinbase, the Near Foundation has shifted its focus to three core strategies.
1. Enhancing its blockchain operating system.
2. Continuing to build its decentralized ecosystem.
3. Integrating Web2 users into Web3.