The total supply of NEAR has grown from the initial 1 billion tokens to over 1.3 billion through continuous issuance. Its maximum annual issuance rate will drop from 5% to 2.5% in October 2025. Now, the community has proposed gradually reducing it to 1.6% over 24 months and exploring the possibility of halting issuance entirely and fixing the supply in the future. These changes still require further governance and research to move forward. In the past, issuance was used to cover network security costs, with token holders bearing the dilution. In the future, the goal is to sustain operations through real business revenue. Issuing fewer tokens is easy, but the real challenge lies in whether revenue can consistently cover security and development expenses, especially during market downturns. The true progress of NEAR's tokenomics will be in gradually reducing reliance on issuance without sacrificing security and decentralization.