By the top of the second quarter of 2023, Close to Protocol (NEAR) Layer 1 blockchain treasury had decreases to $900 million, pushed by a decline within the value of NEAR tokens from $1.99 to $1.38 every.
Based on the July 10 report, the Close to Treasury at present consists of $349 million in fiat, $315 million in NEAR, and $90 million in loans and investments. A web whole of $16 million and NEAR 1 million had been distributed to the ecosystem in Q2. By comparability, Close to Treasury totaled $1.1 billion in Q1 2023. The builders wrote:
- Bettering its blockchain working system
- Continuation of the development of its decentralized ecosystem
- Onboarding Web2 to Web3 customers
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