NEAR to Hit 1 Million TPS This Year: Bold Statement

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Will NEAR Protocol Become the Speed Demon of Blockchains? 🚀

Ah, the illustrious NEAR Protocol (NEAR), a veritable high-performance smart contract platform, is strutting its stuff, claiming it might just be the first Layer-1 blockchain to achieve a staggering 1 million transactions per second this very year! How delightful! As our dear R&D unit lead, Bowen Wang, so eloquently puts it, this miraculous feat will be made possible thanks to their dynamic resharding architecture. Sounds fancy, doesn’t it? 🎩

NEAR is poised to hit 1 million TPS by the end of 2025, here’s the scoop

Now, let’s not get too carried away, but NEAR Protocol, that darling of the programmable Layer-1 blockchain world, is making quite the splash. According to the ever-optimistic Bowen Wang, founder of NEAR One and the mastermind behind the tech wizardry of NEAR, we might just see 1 million transactions per second (TPS) as soon as this year. Isn’t that just peachy? 🍑

We’re aiming for @NEARProtocol to process 1 million transactions per second within this year, starting in a testing network. The goal is to prove how NEAR’s sharding design can support the massive influx of volume our industry will likely see from AI agents.

— Bowen Wang (@BowenWang18) May 30, 2025

Now, let’s not forget, this dazzling development will first make its grand debut on the testnet. Wang assures us that such advancements are absolutely essential for mainstream blockchains to cater to the new Web3 use cases that are all the rage with artificial intelligence (AI) and machine learning (ML). Who knew tech could be so glamorous? 💃

The goal is to prove how NEAR’s sharding design can support the massive influx of volume our industry will likely see from AI agents.

Meanwhile, our dear Nightshade 2.0, the current darling of NEAR Protocol’s sharding design, is already capable of handling this impressive transaction workload. Sharding, for those not in the know, is a rather clever network architecture design where the blockchain relies on a delightful ecosystem of interconnected sub-blockchains, or shards. Quite the party, I must say! 🎉

And just when you thought it couldn’t get any better, NEAR Blockchain is contemplating a migration to the “dynamic resharding” model, where shards will automatically split and merge according to network load. How very avant-garde! 🕺

But wait, there’s more! NEAR Protocol is also set to revamp its validation instruments. When zero-knowledge proving becomes fast enough (and let’s hope it does), NEAR is expected to replace the merkle-proof based state witness with ZK proofs. Sounds like a mouthful, doesn’t it? 😏

As previously reported by U.Today, back in January 2025, NEAR Protocol kicked off a partnership with DWF Labs, one of the most influential market-making and trading firms. A match made in blockchain heaven, if you will!

Community remains a tad pessimistic

Now, let’s not get too carried away with optimism. The aforementioned developments are expected to significantly lower the overhead in both network bandwidth usage and verification time, paving the way for even better scalability, as Bowen so sagely concluded. But alas, the community seems to be wearing their skeptical hats, showing little enthusiasm about the prospects of these developments. Oh, the drama! 🎭

Bowen also added that this approach is the only viable way to scale modern blockchains. Apparently, scaling should only enhance the opportunities of L1, as those pesky rollup-based L2 experiments will only amplify overhead in cross-chain or cross-rollup interactions. How terribly inconvenient! 😒

This, in turn, could ruin user experience and discourage new cohorts of users from dabbling in the crypto world. A tragedy, indeed!

And so, the commentators in the thread have not exactly been showering the prospects of NEAR with confetti, remaining highly skeptical about the number of users on the NEAR blockchain. Oh, the irony! 🎊

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2025-05-31 16:51