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Solana Launches Native Issuance of NEAR Token on Its Network

Solana Launches Native Issuance of NEAR Token on Its Network

NEAR Protocol’s $NEAR token goes live on Solana via NEAR Intents and Orb Markets, enabling seamless deposits and withdrawals without complex cross-chain steps.

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Summary

Near Protocol confirmed its $NEAR token is now natively available on the Solana network, powered by NEAR Intents and Orb Markets. This integration allows users to deposit and withdraw NEAR directly on Solana without needing multiple wallets or switching gas networks, streamlining user experience. The move enhances interoperability between NEAR Protocol and Solana, eliminating reliance on cross-chain bridges.

Terms & Concepts
  • Native Token Issuance: The process of creating and deploying a cryptocurrency directly on a specific blockchain rather than using cross-chain methods.
  • Solana Network: A high-performance blockchain known for fast transactions and low fees, often used for decentralized applications.
  • NEAR Token: The primary cryptocurrency of the NEAR Protocol, a blockchain platform focused on scalability and developer usability.