NEAR Protocol Announces MyNearWallet Shutdown October 31

NEAR Protocol has announced that MyNearWallet will be shut down on October 31, 2026. This planned retirement is not due to any security breach but rather a planned transition. The company reassures users that their assets remain safe on the blockchain, as MyNearWallet is a non-custodial wallet. Users must migrate their funds to a new wallet or access method before the deadline.

NEAR Protocol recommends that users begin the migration process early. They should test the transfer with a small amount first, move assets one by one, and keep their recovery information until all balances are confirmed in the new account. The recommended migration path involves creating or signing into a near.com account secured with a passkey.

Despite the shutdown announcement, the NEAR token's price has remained stable. On October 6, 2026, the price was around $5.23, with a market cap of approximately $6.845 billion. NEAR Protocol emphasizes the importance of using official guides and warns users against sharing their seed phrases or recovery information, as scammers often target wallet migrations.

Users are advised to check the official NEAR Protocol news channels for updates as the shutdown date approaches. The transition is intended to be smooth, but users should act promptly to avoid last-minute complications.