Tether vs Near Protocol: Key Differences (USDT vs NEAR)
Complete side-by-side comparison of Tether and Near Protocol. Price, market cap, technology, and more.
Share Tether vs Near Protocol
What is Tether?
Null (USDT) is a digital token with no specified consensus mechanism, use case, launch year, or founder information. It serves as a placeholder in the crypto space without defined attributes or applications.
What is Near Protocol?
NEAR Protocol uses sharding (Nightshade) to achieve high throughput while keeping the network decentralized. Human-readable account names and simple onboarding make it developer and user friendly. The team includes former Google and Facebook engineers.
Price Evolution
Percentage change from start of period
USDT-0.09%NEAR+15.15%Detailed Comparison
| Metric | USDT | NEAR |
|---|---|---|
| USDT NEAR | ||
| Price & Market | ||
| Price | $1 | $1.61 |
Price $1 $1.61 | ||
| Market Cap | $189.73B | $2.08B |
Market Cap $189.73B $2.08B | ||
| 24h Volume | $70.63B | $441.82M |
24h Volume $70.63B $441.82M | ||
| Volume/Cap Ratio | 37.23% | 21.24% |
Volume/Cap Ratio 37.23% 21.24% | ||
| Market Dominance | 0.07332734% | 0.00080387% |
Market Dominance 0.07332734% 0.00080387% | ||
| All-Time High | $1.32 | $20.44 |
All-Time High $1.32 $20.44 | ||
| ATH Date | Jul 24, 2018 | Jan 16, 2022 |
ATH Date Jul 24, 2018 Jan 16, 2022 | ||
| Performance | ||
| 24h Change | 0.01% | 2.16% |
24h Change 0.01% 2.16% | ||
| 7d Change | 0.03% | 6.85% |
7d Change 0.03% 6.85% | ||
| 30d Change | 0.09% | 15.15% |
30d Change 0.09% 15.15% | ||
| Supply | ||
| Circulating Supply | 189.82B | 1.30B |
Circulating Supply 189.82B 1.30B | ||
| Total Supply | 195.28B | 1.30B |
Total Supply 195.28B 1.30B | ||
| Max Supply | Unlimited | Unlimited |
Max Supply Unlimited Unlimited | ||
| Technology | ||
| Consensus | N/A | Nightshade (Sharded PoS) |
Consensus N/A Nightshade (Sharded PoS) | ||
| Block Time | N/A | 1 second |
Block Time N/A 1 second | ||
| TPS (Transactions/sec) | N/A | 100000 |
TPS (Transactions/sec) N/A 100000 | ||
| Launch Year | N/A | 2020 |
Launch Year N/A 2020 | ||
| Transaction Fees | ||
| Average Fee | $0.50-$20 | < $0.01 |
Average Fee $0.50-$20 < $0.01 | ||
| Fee Model | Ethereum gas fees (ERC-20) | Near sharding, low gas fees |
Fee Model Ethereum gas fees (ERC-20) Near sharding, low gas fees | ||
| General | ||
| Primary Use Case | N/A | Scalable dApps, AI, Developer platform |
Primary Use Case N/A Scalable dApps, AI, Developer platform | ||
| Founder | N/A | Illia Polosukhin, Alexander Skidanov |
Founder N/A Illia Polosukhin, Alexander Skidanov | ||
| Website | N/A | near.org |
Website N/A | ||
| Volatility & Risk | ||
| Drawdown from ATH | 24.3% | 92.1% |
Drawdown from ATH 24.3% 92.1% | ||
Why Tether?- ✓Stablecoin value reduces volatility risk for traders.
- ✓Widely accepted across many crypto exchanges.
- ✓Provides easy liquidity for converting crypto assets.
Why Near Protocol?- ✓Uses sharding (Nightshade) for high throughput and scalability
- ✓Developer-friendly with human-readable account names and easy onboarding
- ✓Founders have strong tech backgrounds from Google and Facebook
Tether Risks
- ✗Lacks transparency due to limited public information.
- ✗No clear consensus mechanism or governance details.
- ✗Undefined use case and founding details increase risk.
Near Protocol Risks
- ✗Relatively young network launched in 2020 with less proven longevity
- ✗Faces strong competition from other scalable smart contract platforms
- ✗Sharding complexity may pose security and maintenance challenges
The Verdict
Both Tether and Near Protocol serve important roles in the crypto ecosystem. Many investors choose to hold both as part of a diversified crypto portfolio.
Latest Articles about Tether
Share Tether vs Near Protocol
