Usd Coin vs Near Protocol: Key Differences (USDC vs NEAR)
Complete side-by-side comparison of Usd Coin and Near Protocol. Price, market cap, technology, and more.
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What is Usd Coin?
USDC (USD Coin) is a stablecoin pegged to the US dollar, designed to provide a digital alternative to traditional currency. It is widely used for transactions and as a store of value within the crypto ecosystem.
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
USDC-0.00%NEAR+97.06%Detailed Comparison
| Metric | USDC | NEAR |
|---|---|---|
| USDC NEAR | ||
| Price & Market | ||
| Price | $1 | $2.76 |
Price $1 $2.76 | ||
| Market Cap | $76.42B | $3.57B |
Market Cap $76.42B $3.57B | ||
| 24h Volume | $10.86B | $1.06B |
24h Volume $10.86B $1.06B | ||
| Volume/Cap Ratio | 14.21% | 29.65% |
Volume/Cap Ratio 14.21% 29.65% | ||
| Market Dominance | 0.03047465% | 0.00142461% |
Market Dominance 0.03047465% 0.00142461% | ||
| All-Time High | $1.043 | $20.44 |
All-Time High $1.043 $20.44 | ||
| ATH Date | Nov 15, 2018 | Jan 16, 2022 |
ATH Date Nov 15, 2018 Jan 16, 2022 | ||
| Performance | ||
| 24h Change | 0.00% | 11.84% |
24h Change 0.00% 11.84% | ||
| 7d Change | 0.00% | 74.50% |
7d Change 0.00% 74.50% | ||
| 30d Change | 0.00% | 97.06% |
30d Change 0.00% 97.06% | ||
| Supply | ||
| Circulating Supply | 76.44B | 1.30B |
Circulating Supply 76.44B 1.30B | ||
| Total Supply | 76.44B | 1.30B |
Total Supply 76.44B 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 | 4.1% | 86.5% |
Drawdown from ATH 4.1% 86.5% | ||
Why Usd Coin?- ✓USDC is a widely accepted stablecoin pegged to the US dollar
- ✓Transparent monthly audits increase trust and accountability
- ✓Supports fast and low-cost transactions across multiple blockchains
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
Usd Coin Risks
- ✗Centralized control increases regulatory and operational risks
- ✗Dependence on fiat reserves may limit scalability and flexibility
- ✗Not suitable for high volatility investment strategies
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 Usd Coin and Near Protocol serve important roles in the crypto ecosystem. Many investors choose to hold both as part of a diversified crypto portfolio.
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