NEAR Protocol has successfully established a 600-millisecond block time with 1.2 seconds finality, significantly faster than other blockchains.
The team plans to reduce block time to 200 milliseconds by the end of 2025 as a part of continuous upgrades to enhance performance.
Currently trading at 3.14 USD, NEAR has shown considerable volatility over the past year, reflecting its competitive standing in the crypto market.
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