NEAR’s Half-Baked Inflation Cut: A Farce in Decentralization ðŸŽðŸ’¸

NEAR Protocol, darling, was in a financial pickle as tart as a lemon meringue. The network, with the generosity of a spendthrift heir, was lavishing $140 million annually on validators to keep its blockchain humming. Yet, its coffers held a mere $162 million in total value locked, and since its launch in 2020, it had scraped together only $17 million in revenue. Last month’s earnings? A laughable $259,116-hardly enough to cover a weekend in Monte Carlo. 💰







